Search the Internet          Tips  Sites: Finance, Investment

Govt thought hard before FDI in print move: PM

Prime Minister Atal Bihari Vajpayee on Friday said the decision for allowing foreign direct in the print media had been taken after due consideration and there was no basis for any apprehension in this regard.

"The FDI in print media will not be allowed to be amaryadit (uncontrolled)," he told a questioner at a news conference at Rajbhavan in Lucknow.

The decision was taken after pondering over the pros and cons of the issue and the apprehension being aired on this count were devoid of any basis, he said.

"The management and all the policy matters would be in the hands of Indians," he said allaying all apprehensions on this count.

ALSO READ:
Govt allows 26% FDI in print media
Opposition against FDI in print media
Financial Times keen on taking equity in BS: Ninan
FDI in print may kill small papers: INS chief
Bouquets and brickbats for FDI in print move
CPM to appeal to President not to approve FDI in print
Cash-strapped media back foreign investment
Deve Gowda opposes FDI in print media
BJP welcomes FDI in print media: UNI
More Money Headlines