He said, if emergency was ever to be reimposed, it would collapse for the simple reason that one of the strengths of the emergency was Press censorship and technology does not permit a press censorship today.

He was addressing National Press Day event in New Delhi today. Mr Jaitley said, the greatest challenge before media is to retain its credibility.

He said technology has made that putting pressures on media is next to impossible due to the growth of social media.

Speaking on the occasion, Chairman Press Council of India  Justice Chandramouli Kumar Prasad said, regulating media is unacceptable and Press Council work relentlessly to uphold the integrity and impartiality of the media.

On the occasion, eminent journalist and chairman of the Hindu publishing Group Mr N. Ram was conferred prestigious Raja Ram Mohan Roy award for excellence in Journalism.

Earlier, Information and Broadcasting Minister Colonel Rajyavardhan Rathore conveyed his best wishes to all journalists on the occasion of the National Press Day.

Prasar Bharati Chairman A Surya Prakash has greeted the media persons on the occasion.