Business Journalism in India

26104 Words Apr 20th, 2013 105 Pages
Business and Magazine Journalism (combination of Niche I and II)

1 Growing importance of business journalism, a brief history (2)

2 The structure of financial management in the country starting with the Finance Minister, (5) rest of the bureaucracy, RBI governor, Planning Commission, SEBI, Banking sector

3 The Budget preparation and presentation, factors influencing the annual budget, role of (5) subsidies and foreign exchange reserves

4 Companies, balance sheets, AGMs window dressing of balance sheets, the loopholes (the case of Satyam) (5)
5 Stock exchange, Sensex and its ups and downs, need for stricter monitoring, how to (5) cover Stock Exchanges, qualities of a good stock exchange reporter

6 Ethics for
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Therefore, the industry will deliver. * The India Media Business by Vanita Kohli Khandekar * Milestones in business reporting * The liberalisation process of 1991 * Prior to this business dailies were like government PR vehicles and there were no regulators like SEBI * It was a regulated regime and there was a ‘license raj’ * India was cocooned economy where flying was a luxury * Journalists also carried a Nehruvian Socialist sort of legacy * 1969: Banks were nationalised * 1976: Emergency was imposed * 1991: Indian economic reforms were initiated * Harshad Mehta Scam in 1993 * The Indian stock market and investor saw a frenzy * The Indian middle-class saw new avenues of making money. Broking firms came into being at a large scale * The panwallahs were also discussing the stock market * Corporates then became more proactive and felt the need to communicate * Contd.. * UTI scam * Satellite Television in 1993 * Telecom Revolution * Internet * These coupled with the economic reforms brought about a revolution in media as well. * There were no dedicated journalism courses * Business journalists were typically Economic background students, bankers, analysts etc * * Business India in 1978–first Indian business magazine launched by Ashok Advani * 1978

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