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Adani row: Centre agrees to set up panel of experts on regulatory mechanism

&ldquo;The government has no objection to forming a committee. But, the remit of the committee, we can suggest. We can provide names in a sealed cover,&rdquo; the law officer said.

The Centre has no objection to a proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while it was hearing pleas relating to the Adani stocks rout after the Hindenburg report.
The central government, however, told a bench headed by Chief Justice DY Chandrachud that it wanted to give the names of the domain experts for the committee and the scope of its mandate in a sealed cover in larger interest.
Solicitor General Tushar Mehta, appearing for the Centre and SEBI, said that the market regulator and other statutory bodies are equipped to deal with the present situation arising out of the Hindenburg report.
&ldquo;The government has no objection to forming a committee. But, the remit of the committee, we can suggest. We can provide names in a sealed cover,&rdquo; the law officer said.
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Mehta apprehended that any &ldquo;unintentional&rdquo; message on setting up of the panel may have some adverse impact on the inflow of money.
The top court has now listed two PILs, alleging exploitation of innocent investors and "artificial crashing" of the Adani Group's stock value, for hearing on Friday.

The Centre is reportedly planning to include digital media in the Registration of Press and Periodicals Bill to regulate and hold it accountable for “violations”. The bill with these changes is likely to be presented before the Cabinet soon. 

Centre to regulate digital media, proposes changes in 2019 press bill

The new bill, if passed, will require digital media to register with the Press Registrar General within 90 days of the law coming into effect which will have powers to&nbsp;suspend or cancel their registrations and impose penalties.&nbsp;

The Centre is reportedly planning to include digital media in the Registration of Press and Periodicals Bill to regulate and hold it accountable for &ldquo;violations&rdquo;. The bill with these changes is likely to be presented before the Cabinet soon.&nbsp;
The new bill, if passed, will require digital media to register with the Press Registrar General (PRG) within 90 days of the law coming into effect. &nbsp; PRG is the equivalent of the Registrar of Newspapers for India (RNI) which is a statutory body of the Ministry of Information and Broadcasting that regulates and monitors the printing and publication of newspapers in the country. &nbsp; This body will have powers to act against digital media for &ldquo;violations&rdquo;, suspend or cancel their registrations, and impose penalties on them.&nbsp;
The Information and Broadcasting ministry, which in this case will be the "administrative ministry", will reportedly amend the bill to include "news on digital media through any electronic device" to effectively bring digital media under government regulation. &nbsp;
The government is also planning to have a board of appeal to be headed by the Chairperson of the Press Council of India, as per media reports.&nbsp;
In 2019, the Centre put out a draft of the same bill that defined news on digital media as &ldquo;news in digitised format that can be transmitted over the internet, computer or mobile networks and includes text, audio, video and graphics".&nbsp;
The draft had sparked a huge controversy with critics calling it out as an attempt to &lsquo;control&rsquo; digital news media. The widespread reproval ultimately led to the bill being put on the back-burner.&nbsp;

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