The panel has also sought a law to check paid news, saying it appeared that the Information and Broadcasting Ministry could not take prompt action due to stiff opposition from media houses.
In its 27th report, the Committee on Government Assurance said the electronic media plays a significant role in moulding public opinion, therefore it is imperative that it adheres to ethical values of independence and impartiality.
"This void is felt by the continuing experience of unethical telecast of various programmes by a section of private TV channels which fail to ensure self-regulation," the panel said in its report even as it asked the I&B Ministry to work on its past assurance in this regard.
The panel also emphasised that the ministry should vigorously pursue bringing a law for preventing paid news.
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The panel said it feels "that the growing menace of paid news" misleads citizens and weakens the pillars of democracy.
Noting that it felt government could not move swiftly because of opposition from media organisations, the panel said this was indicative of "collusion" between ministry officials and media houses which was not acceptable.