The correct answer to the question "Who keeps a watch on the print media in India?" is option 'D', which is the Press Council of India (PCI). Below is a detailed explanation of the answer:

Press Council of India (PCI):
The Press Council of India is a statutory autonomous body established by the Parliament of India under the Press Council Act of 1978. The primary objective of the PCI is to preserve the freedom of the press and maintain and improve the standards of newspapers and news agencies in India.

Key functions and responsibilities of the Press Council of India include:

1. Ensuring Freedom of the Press:
The PCI ensures the freedom of the press by safeguarding the rights of journalists, protecting editorial independence, and promoting responsible journalism.

2. Maintaining Ethical Standards:
The PCI formulates guidelines and norms for journalistic conduct and ethical practices. It addresses complaints and grievances against newspapers, magazines, and news agencies for violations of journalistic ethics.

3. Monitoring Content:
The PCI monitors the content published in newspapers and news agencies to ensure accuracy, fairness, and responsible reporting. It also examines cases of paid news and takes appropriate actions against offenders.

4. Investigating Violations:
The PCI investigates complaints received against the press and takes suo moto cognizance of issues related to media ethics, journalistic misconduct, and violations of the freedom of the press.

5. Promoting Press Freedom and Development:
The PCI promotes the development of the press by conducting studies, research, and training programs. It also provides financial assistance to deserving journalists and journalists' welfare funds.

6. Facilitating Dialogue:
The PCI acts as a platform for dialogue and interaction between media organizations, journalists, and the public. It organizes seminars, conferences, and workshops to discuss and address issues related to the media.

7. Advising the Government:
The PCI advises the government on matters related to media policy, legislation, and regulatory frameworks. It provides recommendations for the improvement of media laws and regulations.

In conclusion, the Press Council of India (PCI) is the organization responsible for keeping a watch on the print media in India. It plays a crucial role in maintaining the freedom of the press, ensuring ethical standards, and addressing grievances related to the media.