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Whether HuffPost was popular in India is besides the point. To provide some contrast, the same govt amended a law originally designed to prohibit foreign fundi
by throw93 6y ago
Whether HuffPost was popular in India is besides the point.
To provide some contrast, the same govt amended a law originally designed to prohibit foreign funding of political parties and changed it to allow funding from local companies which have more than 50% foreign ownership.
So basically political parties can indirectly accept foreign funds through above loophole which the ruling party itself created but news organizations cannot.
“ the controlling Bharatiya Janata Party government passed a retroactive amendment through a 2016 Finance Bill that excludes from the definition of “foreign sourced” contributions from local companies even though a foreign company owns more than half their shares, provided certain direct investment requirements are met”
Source: https://www.loc.gov/law/help/elections/foreign-involvement/india.php https://www.loc.gov/law/help/elections/foreign-involvement/i...
- ashleshbiradar 6y agoand interestingly, HuffPost India was the exclusive publisher of the Electoral Bonds series. here's a compilation of the entire series https://www.reddit.com/r/india/comments/ew07en/compilation_of_articles_and_resources_on/ https://www.reddit.com/r/india/comments/ew07en/compilation_o...
- naruvimama 6y ago> Whether HuffPost was popular in India is besides the point It is central, if they were popular and making money or if they were popular and have a wonderful future prospects, they wouldn't have to be propped up. And whoever is funding it could be motivated by not so charitable reasons.
- ashleshbiradar 6y agothere are dozens and dozens of businesses which are not profitable right now and burn a lot of cash, and yet they are operating. Almost all big startups dont make any profit.
- naruvimama 6y agoBut startups do not wind up their business because they expect a break through.