Career in Newspapers
In 1932, he had took over the loss-making Madras edition of The Free Press Journal, driving the delivery van himself to dispatch the papers. He founded The Indian Express in 1936, and in 1941, he was elected President of the National Newspaper Editors’ Conference. Following this, both The Indian Express and Goenka himself openly challenged the British Raj.
In 1936: Goenka gave Promossory Note of Rs. 5,00,000 ( Rs.Five Lakhs ) on Sept 1, 1936 in favour of Raja Mohan Prasad of Hyderabad his Financing Partner. The Promissory note still remains unpaid even after 75 years. Goenka also gave a declaration in 1936 that he was a trustee of all the properties purchased in his name including the debentures of Free Press of India (Madras) Ltd. and were purchased out of the monies of Raja Mohan Prasad Murliprasad Mohanprasad of Hyderabad,India.
In 1948, Daily Tej partnered with Goenka to publish Indian News Chronicle, an English daily, from New Delhi. After the death of Lala Deshbandhu Gupta, Goenka converted it to The Indian Express. Upon independence he was nominated as a member to the Constituent Assembly of India.
Goenka played a significant role during the "Emergency" in India and challenged Indira Gandhi. His battle with the business tycoon Dhirubhai Ambani is still remembered. His critics believe that his passion for politics was the fire that led the newspapers from Indian Express Group on a blazing trail.
In the first post-independence elections, held in 1952, Goenka was beaten by a candidate who favoured Tamil nationalism and who was supported by the Dravida Munnetra Kazhagam.
Read more about this topic: Ramnath Goenka
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