The award has been instituted by the Mumbai Press Club.
Dr Roy will be honoured for his consistent and pioneering contribution to news television and his service to journalism, at a ceremony to be held at Jamshed Bhaba Auditorium, NCPA, here on April 30, according to a release.
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Arnab Goswami, editor-in-chief of Times Now, has been selected as the 'Impact Editor' of the Year for his ability to capture eyeballs and expand audience reach with his 'News Hour' show, the release stated.
Scroll.in will be awarded the 'News Start-up of the Year' for scaling up its influence rapidly as an alternative source of news and features.
Judging for the RedInk Awards, which includes as many as 10 categories, was completed only recently and as many as 24 journalists who have produced outstanding and impactful stories in calendar 2014 will also receive awards along with Dr Roy, Jain, Goswami and Scroll.In on April 30, it said.
Over 800 entries in the print, online category and nearly 250 stories from television journalists were in the competition for the awards.
Each of the categories, namely politics, crime, environment, sports, human rights etc had a dedicated jury of senior persons with domain knowledge assigned to judge the entries.
The judging process brought in well known names such as Harsh Mariwala, chairman & MD of Marico, for the business category, Kiran Shaw Mazumdar, head of Biocon, for the health & wellness category, retired Mumbai police commissioner M N Singh and retired Bombay high court judge P D Kode for crime category, and Sudanshu Vats, CEO of Viacom18, for Entertainment & Lifestyle' stories, stated the release.
The RedInk Awards, now in their 5th year, have grown in stature over the years attracting entries from all over the country.
The awards have been set up as peer and professional recognition for path-breaking stories and to encourage good, ethical journalism that impacts people and society.
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