[icernet] Foreign investment in news agencies being reviewed

[Arul Selvan]

After permitting foreign direct investment (FDI) in the print media, the
Government has decided to look into the issue of allowing foreign investment
in news agencies.Currently foreign agencies can distribute news in India
only through an Indian news agency. 

Under a 1956 Cabinet resolution foreign news agencies can distribute news
only through Indian news agencies. The resolution states that "...
communication facilities can be granted only where the distribution of news
within the country is to be effected through an Indian news agency, which
would have full and final authority in the selection of foreign news for
distribution and which would also be in a position to supply Indian news, in
reasonable volume, to the foreign news agencies with whom they have a
working arrangement." 

Source:
http://www.blonnet.com/2003/01/22/stories/2003012202520500.htm