Manmohan Singh’s other failure: FDI in print media

Many Western newspapers had started special India editions expecting Manmohan Singh to open up FDI in print media.


Many Western newspapers had started special India editions expecting FDI in print media. India Ink, started by New York Times, had to shut down.

Never let a tragedy go to waste. We have seen this several times in the past. Whether it is Modi losing elections or Brexit vote, Jaitley exploits the panic to the advantage of globalist kleptocrats by allowing FDI in news sectors of the economy that was previously not allowed.

So, when is it for FDI in print media? For several years now, Indian Readership Survey was used to falsify newspaper numbers so that media buyers could (ignore Audit Bureau numbers) and excuse themselves for advertising on loss-making Internet properties (“New Media”). Contrary to expectations, Indian newspapers have grown from strength to strength.

Jaitley has an extremely cosy relationship with many media barons. The phony Modi Wave campaign, which legitimized the tampered voting machines result, was undoubtedly the result of a premeditated media effort. And, the quid pro quo? No FDI in print media? Or, is it the case even now. Manmohan Singh was a media darling at the hight of 2G scam. But at the last few months, when Modi became the choice, the same choir started cold-heartedly called him a weak prime minister, just like Advani.

FDI in multi-brand retail was supposed to be a no-no up until now but Jaitley used Brexit to sneak in FDI in food retail – directly affecting grocery and vegetable shops. How did that happen?

My guess that at the end of Modi’s term, Jaitley will sneak the “FDI in print” bird out, that is, when it becomes clear Modi will lose elections. Remember, how Reliance Industries used Economic Times to extract the maximum out of the Congress government at the fag end of Manmohan Sing government. ( The first two pages of the paper that day was a open request to Congress to help Reliance. This was despite Moily’s bonanza to Reliance on the KG Gas price issue. (It was doubled.) It wasn’t just Reliance. Many Congress ministers and corporate houses skipped their annual pilgrimage to Davos that year so that maximum benefit could be made before a change of government.