Esther Duflo pointed out that it was wrong to assume that giving handouts to the poor made them lazy.
The development comes just over a week after Roy and his wife Radhika, who are facing corruption charges, were detained at the Mumbai airport and prevented from travelling abroad.
The order comes after the regulator examined multiple disclosure lapses by NDTV, and noted non-compliance with the Substantial Acquisition of Shares and Takeover (SAST) Regulations.
SEBI has bared NDTV’s three key promoters -- Prannoy Roy, Radhika Roy and their holding firm -- from the capital markets for two years.
Also, Prannoy Roy and Radhika Roy have been prevented from holding any management posts in the organisation for a period of two years.
Sebi imposed penalty of Rs 10 lakh on NDTV and Rs 3 lakh each on Prannoy Roy, Radhika Roy, Vikramaditya Chandra (group CEO at that time) and Anoop Singh Juneja (compliance officer).
NDTV said it had initiated a turnaround plan to bring down costs and improve profitability.
It was earlier reported that Singh, who was part of the BJP’s 2014 poll campaign, has picked up majority holding in the news channel.
“Our institutions and traditions are nurtured by our rich and diverse cultural heritage and democratic ethos,” writes the CBI spokesperson
Many prominent faces in the media attended the protest meet and gave statements supporting NDTV and condemning the central government.
In its release, CBI said NDTV has questioned whether the CBI has jurisdiction in the case since the matter pertained to a private bank.
Punjab Chief Minister Charanjit Singh Channi addresses media after the oath taking ceremony at Punjab Bhawan in Chandigarh. AICC General Secretary Harish Rawat with PPCC President Navjot Singh Sidhu are also seen.PTI Photo
Prime Minister Narendra Modi meets Gujarat Chief Minister Bhupendra Patel in New Delhi.PTI Photo
Himachal Pradesh Chief Minister Jai Ram Thakur during a public meeting in Mandi.PTI Photo
An artist busy making an idol of Goddess Durga at a workshop ahead of Navaratri festivities in Mumbai.Photograph by Dinesh Parab/Outlook
Idols of Goddess Durga at a workshop ahead of Navaratri festivities, Goregaon in Mumbai.Photograph by Dinesh Parab/Outlook
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