Media: Javadekar
The FDI in news and current affairs media is only 26%, while in the non-news media it is 100%.
ANI | Mumbai June 1, 2014 Last Updated at 16:27 IST
Union Information and Broadcasting Minister Prakash Javadekar has said that his ministry is seeking inputs on whether 100% Foreign Direct Investment should be allowed in news media.
"The Central Government is collecting views of various stakeholders in the matter relating to allowing 100% FDI in news media. We want to take the views of all the stakeholders before we take a final decision," said Javadekar while speaking to media here.
The FDI in news and current affairs media is only 26%, while in the non-news media it is 100%.
He also said that the council of minister will discuss the issue of paid news at its final meeting scheduled for tomorrow.
The FDI in news and current affairs media is only 26%, while in the non-news media it is 100%.
ANI | Mumbai June 1, 2014 Last Updated at 16:27 IST
Union Information and Broadcasting Minister Prakash Javadekar has said that his ministry is seeking inputs on whether 100% Foreign Direct Investment should be allowed in news media.
"The Central Government is collecting views of various stakeholders in the matter relating to allowing 100% FDI in news media. We want to take the views of all the stakeholders before we take a final decision," said Javadekar while speaking to media here.
The FDI in news and current affairs media is only 26%, while in the non-news media it is 100%.
He also said that the council of minister will discuss the issue of paid news at its final meeting scheduled for tomorrow.
Updated: May 27, 2014 17:11 IST
Nirmala says no to FDI in multi-brand retail
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Nirmala Sitharaman seen assuming office as Minister of Commerce and Industry (Independent Charge) in New Delhi on Tuesday. Photo: Sushil Kumar Verma
Reaffirming BJP’s stand on FDI in multi—brand retail, new Commerce and Industry Minister Nirmala Sitharaman on Tuesay indicated that foreign players will not be allowed to open mega stores in the country as it may adversely impact the small traders and farmers.
“At this stage, the party position is very very clear. We have explained about FDI in multi—brand retail (MBR) that it probably is not best opened up now because medium and small sized traders or small farmers have not been adequately empowered... if you open up the flood gates of FDI in MBR, it may affect them,” she said.
Sitharaman, who took charge of the Ministry, was replying to a question whether the government would rescind the current FDI policy of allowing foreign investment in MBRT.
The Minister further said that she would “sit with the officials as to what has happened all the while (to) further the manifesto based agenda of BJP we shall work.”
The BJP manifesto had said, “barring the multi—brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialised expertise.”
Although the previous government had allowed Foreign Direct Investment (FDI) in multi—brand retail, only one investment proposal of UK—based Tesco was cleared by the earlier government.
She said the Ministry would look at the current FDI policy in a calibrated way.
Further, the new Minister said that boosting exports will be the one of the top priority.
The ministry would play an important role in enhancing economic and trade ties with all the countries, she added.
India’s exports in the last three years have been hovering around USD 300 billion.
India’s exports in 2013—14 fall short of the USD 325 billion target and managed to reach USD 312.35 billion. The country’s exports stood at USD 300.4 billion in 2012—13 and USD 307 billion in 2011—12.
After taking charge, she met with officials of the ministry, including commerce and DIPP secretary.
Later, she also took charge as Minister of State for Finance.
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