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.
Congress leader Rahul Gandhi arrives at Parliament during its Winter Session, in New Delhi.PTI Photo/Kamal Singh
Union Agriculture Minister Narendra Singh Tomar during the Winter Session of Parliament, in New Delhi.PTI Photo/Kamal Singh
Union Commerce and Industry Minister Piyush Goyal with Parliamentary Affairs Minister Pralhad Joshi during the Winter Session of Parliament, in New Delhi.PTI Photo/Kamal Singh
Congress leader Anand Sharma interacts with AAP MP Sanjay Singh, during the Winter Session of Parliament, in New Delhi.PTI Photo/Manvender Vashist
TMC MP Nusrat Jahan during the Winter Session of Parliament, in New Delhi.PTI Photo/Manvender Vashist
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