A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud asked the Ministry of Information and Broadcasting to file its reply within four weeks.
The bench was hearing a PIL, filed by NGO Common Cause in 2013, seeking a direction to the Centre that private radio stations and community radios be also allowed to broadcast news as they are more accessible for the masses, particularly the poor.
The plea said unlike television channels, none of the 245 private FM channels and 145 community radio stations in the country are allowed to broadcast their own news and current affairs programmes, which was the monopoly of government broadcaster Prasar Bharati.
"India is perhaps the lone democracy where dissemination of news and current affairs programmes on radio remains a monopoly of the government-owned broadcaster, which owns and operates All India Radio/Akashvaani," the NGO has said.
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Separate guidelines for community and FM radio were "discriminatory" as they imposed "unreasonable restrictions" on the broadcast of news and current affairs programmes by them, especially when TV channels and the print media were not subject to such prohibitions, it said.
guidelines and permission agreements framed by the Centre, saying that while these norms allow broadcast of information, including news on sports, traffic or weather, what is not allowed is the broadcast of political news.
The petition said, "the guidelines allow 'information' to be broadcast, including news on sports, traffic, weather, cultural events, education and employment, and public announcements made by local authorities on amenities like water and power supply.
"Effectively, there is a ban on political news more than anything else, since many other kinds of news are allowed under the banner of 'information'.