New Delhi [India], filed a petition in the Supreme Court seeking investigation against media houses and their associates/companies for telecasting exit polls soon after the conclusion of the last phase of Lok Sabha elections and allegedly influencing investors. Has been done. Loss of Rs 31 lakh crore due to fall in stock market after the results on June 4.
The petition said that the media houses started debating the exit polls immediately after the last phase of elections ended on June 1 and tried to convince common investors to invest in the stock market till the market opened, which resulted in There was an unexpected increase in the stock. market.
It said that the stock market rose to high levels after the exit polls, but fell when the actual results were announced.Advocate BL Jain, who filed the petition, said, counting of votes took place on June 4 and the stock market crashed, causing a huge loss of Rs 31 lakh crore to common investors.
The plea, filed through advocate Varun Thakur, said the loss of Rs 31 lakh crore due to the market decline will impact the overall Indian economy and India's reputation globally.
"The telecast of any news/debate/program should not give the impression of bias or prejudice in favor or against any political party. Unfortunately, uncontrolled and unregulated electronic media is operating as a commercial industry and It pits one political party against another,” the petition said.The petitioner said that the prediction/exit poll is in complete violation of Section 126A of the Representation of the People Act, 1951 and the guidelines issued by the Election Commission of India on April 2, 2024.
It said the government must vigorously safeguard robust exit polls and debate on issues of public concern.
The petition demands investigation by CBI, ED, CBDT, SEBI and SFIO against Axis My India, India Today Media Plex, Times Now, Independent News Service Pvt Ltd (India TV), ABP News Pvt Ltd, Republic Media Network. . News National Network Pvt Ltd, TV9 Bharatvarsh and NDTV.
"The Parliament of India enacted the Representation of the People Act, 1951 for the smooth conduct of free and fair elections and to regulate the electoral process during elections.But through exit polls, media houses along with corporate houses started manipulating the election results. “This act of the defendants violates the concept of free and fair elections in a democracy and interferes with the rule of law,” the petition said.''
The petition said that the media houses started debating the exit polls immediately after the last phase of elections ended on June 1 and tried to convince common investors to invest in the stock market till the market opened, which resulted in There was an unexpected increase in the stock. market.
It said that the stock market rose to high levels after the exit polls, but fell when the actual results were announced.Advocate BL Jain, who filed the petition, said, counting of votes took place on June 4 and the stock market crashed, causing a huge loss of Rs 31 lakh crore to common investors.
The plea, filed through advocate Varun Thakur, said the loss of Rs 31 lakh crore due to the market decline will impact the overall Indian economy and India's reputation globally.
"The telecast of any news/debate/program should not give the impression of bias or prejudice in favor or against any political party. Unfortunately, uncontrolled and unregulated electronic media is operating as a commercial industry and It pits one political party against another,” the petition said.The petitioner said that the prediction/exit poll is in complete violation of Section 126A of the Representation of the People Act, 1951 and the guidelines issued by the Election Commission of India on April 2, 2024.
It said the government must vigorously safeguard robust exit polls and debate on issues of public concern.
The petition demands investigation by CBI, ED, CBDT, SEBI and SFIO against Axis My India, India Today Media Plex, Times Now, Independent News Service Pvt Ltd (India TV), ABP News Pvt Ltd, Republic Media Network. . News National Network Pvt Ltd, TV9 Bharatvarsh and NDTV.
"The Parliament of India enacted the Representation of the People Act, 1951 for the smooth conduct of free and fair elections and to regulate the electoral process during elections.But through exit polls, media houses along with corporate houses started manipulating the election results. “This act of the defendants violates the concept of free and fair elections in a democracy and interferes with the rule of law,” the petition said.''
