India's digital strike: China can't spread fake news: Center urges news aggregators and news agencies

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- Foreign companies cannot invest in digital media

New Delhi Dated 17th October 2020 Saturday

The central government urged news aggregators and news agencies to strictly adhere to the rules on the issue of 26 per cent foreign investment in digital media. As per the rules, the CEO of the company must be Indian and every employee working for more than 60 days must have obtained a clearance certificate.

Obviously this move is a digital strike. The move was aimed at shutting down China's fake news factory. Many Chinese and foreign companies like Daily Hunt, Hello, US News, Opera News, Newsdog were currently actively working in the country. These companies were accused of spreading fake news that harmed India's interests. These foreign companies can do the same in India as happened in the US presidential election in 2016.

In August 2019, the Union Cabinet approved a proposal for 26 per cent foreign capital investment in digital media. Now the Department of Promotion of Industry and Internal Trade has urged all such companies to take clearance within a year. Only then will it be able to invest 26 per cent. All digital media companies were given one year to complete their shareholding.

The move was aimed at creating an ecosystem of self-reliant India and responsible digital companies, the Department of Promotion of Industry and Internal Trade said in a statement.

The department also believed that the move would curb the proliferation of fake news on digital media.


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