'Securities and Exchange Board of India' – Report on
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Indian Media Groups attempt of securities price manipulation and influencing
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992. The SEBI in a letter in context of Press Council Report on paid-news warned that:
"Private Treaties may lead to commercialisation of news reports since the same would be based on the subscription and advertising agreement entered into between the Media group and the company. Biased and imbalanced reporting may lead to inaccurate perceptions of the companies which are the beneficiaries of such private treaties."
19 June 2010: The Hindu - Private Treaties harm fair, unbiased news: SEBI