[icernet] FDI Norms For News Agencies Under Scanner

[Arul Selvan]

The 1956 Resolution, which governs Indian news agencies, is likely to be 
reviewed, according to government sources. This development follows the 
move by the information and broadcasting (I&B) ministry to take to the 
cabinet the issue of foreign equity component in news TV channels.The 
cabinet is expected to take a decision on news channels sometime this 
month. Although print and television media are open to foreign investment, 
news agencies responsible for distribution of news need to be 100 per cent 
Indian-owned. As per the 1956 Resolution, ‘‘communication facilities can be 
granted only where the distribution of news within the country is to be 
effected through an Indian news agency, owned and managed by Indians....’’ 
As per the existing norms, Indian news agencies owned and managed by 
Indians would have full and final authority for distribution of foreign 
news also.

Source:
http://www.financialexpress.com/fe_full_story.php?content_id=25515