"The government must spend one per cent of the GDP in promoting scientific temperament. The same should be spent by private industries and corporates for promoting science. Everything must be tested empirically," he said
He was delivering the first N Ramachandran Memorial Lecture here, instituted in memory of late veteran journalist N Ramachandran.
Justice Venkatachaliah said concentration of wealth in the hands of a few was one of the greatest threats faced by democracy in India.
Stating that great journalists are indispensable for the country, he said democracy is inconceivable without a strong press.
"Press should be free and fair. If it is not free, it cannot be fair. Error of motive is unpardonable," he said.
Meanwhile, state Finance Minister K M Mani, said media should do self-assessment about creating controversies for increasing TRP.
Mani inaugurated the N Ramachandran Foundation, set up to commemorate the veteran journalist, who helmed Malayalam daily 'Kerala Kaumudi'.
Senior journalist and former editor-in-chief of The Hindu N Ram, who received the first N Ramachandran memorial award from Justice Venkatachaliah for his contributions to the field of journalism, said the media has a great role to play in society and it cannot go away from it.
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