Parliamentary panel rejects FDI in print media

new delhi: in a significant development, a parliamentary standing committee on tuesday rejected foreign direct investment in the print media with most parties opposing even 26 per cent equity in the sector. the standing committee on information technology headed by cpi-m leader somnath chatterjee decided to adopt its first draft rejecting fdi, at its two-hour long final meeting. only ten of the 26 members present at tuesday''s meeting were in favour of fdi, while the others opposed it, sources said.