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National Herald newspaper eyes revival after four years of closure

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New Delhi:

After about four years of its closure, Pandit Jawaharlal Nehru-founded newspaper National Herald may be revived soon under the under the guidance of top leadership of the Congress Party.

A new company 'Young Indian' has been registered with the Registrar of Companies (RoC), Delhi with registered office at Herald House on Bahadur Shah Zafar Marg here.

The erstwhile National Herald, which was founded by Nehru in 1938 and closed down in 2008, was also housed at the same address.

Young Indian was incorporated in November 2010 and held its Annual General Meeting on May 15, 2012, RoC filings show.

Senior journalist Suman Dubey is the authorised signatory for the company, the RoC documents show. Others involved include technocrat Sam Pitroda, Adviser to Prime Minister on Public Infrastructure, Information and Innovations.

Dubey and Pitroda could not be reached over phone for their comments, while emailed queries remained unanswered. Some reports said Congress chief Sonia Gandhi, her son Rahul Gandhi and senior leaders Motilal Vohra and Oscar Fernandes are shareholders, but there was no confirmation from the Congress Party.

A senior Congress leader said a meeting of Associated Journals was held recently to discuss the revival plan of National Herald and Qaumi Awaaj newspapers, but declined to comment on the shareholding pattern of Young Indian.

The papers were being run earlier by Associated Journals. In reply to emailed queries, Rahul Gandhi's office later said: "Young Indian is a company registered and holding a license granted under Section 25 of the Companies Act, 1956.

"As a Section 25 company, Young Indian, is a not-for-profit company and does not have commercial operations. The activities of Young Indian are in the public domain. Anyone who chooses to can inspect the Objects of Young Indian. Young Indian has no intention of starting any newspapers."

In a section 25 company, the profits from its business are ploughed back into its operations.

Story first published on: October 09, 2012 22:31 (IST)

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