Is there any need for the rules regulating the electronics media in India?

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We have come across some news on some news chanels which have proved to be totally wrong and somehow we have forgotten them. In fact such fake and baseless news have proved to be very dangerous for the common people. There were news about Dr. Talwar in Noida that he had killed his own daughter and after few days it proved to be wrong. Here we must try to understand what Dr. Talwar must have gone through. Again few days back some news chanels gave the news about the "Big Bang Experiment" in such a way that even some people died beliving that they are going to die due to this experiment.... Some chanel gave news that Salmankhan, a famous actor had confessed that he was a father of two children. Then at the end of the news they said that Salman considers his two dogs as his own children. Even in the same news, his two brothers used some words like "shadi hi karna hai to ghodi par kyu chadna..." Are not these type of news baseless and irresponsible? Do not you think that atlease for this type of news the chanels should be forced to be more responsible or they should be penalised/