Business & Economy

No rollback of media policy

What is India News Service, Saturday, 20 November 2004, 2200 hrs IST

Minister for Information and Broadcasting S Jaipal Reddy has said the Government has no intention of rolling back the new print media policy \97 introduced by the previous regime \97 which allows foreign investment in newspapers dealing with news and current affairs. 

Briefing media persons at the Economic Editors Conference here, Mr. Reddy said: "As of now the present regime will continue.'' 

Conceding that he had spoken against the National Democratic Alliance Government's June 2002 decision to open the print media to foreign investment as chief spokesperson of the Congress,  Reddy said: "We have no intention of rolling back the policy.'' 

The government, he said, was of the view that the safeguards built into the policy allowing foreign investment in newspapers and publications dealing with news and current affairs were "adequate.''
 
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Orissa seeks Rs 1200 cr loan from World Bank: Cash-starved Orissa has sought Rs 1200-crore loan from the World Bank to develop infrastructure.

Centre, Intel initiatives in IT: The chip maker Intel and the Union Ministry of Communications and IT today signed a joint statement aimed at developing computing platforms that are affordable and adaptable to local infrastructure conditions.

Rs 2500 cr to be spent on rural broadband: The ministry for communications and information technology will seek Rs 2,500 crore to develop connectivity in the villages. 

Canon zooms in on home theatres: Canon India has set its sight on the home theatre segment where rapid growth is expected.

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