Step 1: Understanding the Concept:
The question identifies the specific regulatory authority that oversees ethical standards and freedom of the press in the print sector.
Step 2: Detailed Explanation:
The Press Council of India (PCI) is a statutory, quasi-judicial body established under the Press Council Act, 1978.
Its dual objective is to preserve the freedom of the press and to maintain and improve the standards of newspapers and news agencies in India.
While the Ministry of Information and Broadcasting (MIB) handles broader policy and administrative functions, the PCI specifically adjudicates complaints regarding print media ethics and content.
TRAI (Telecom Regulatory Authority of India) regulates telecommunication and broadcasting (TV/Radio) services, not print content.
Step 3: Final Answer:
The Press Council of India is the responsible body.