Although the concept of news literacy as an academic term is rather new in Bangladesh, it is obvious that the audience have some sort of awareness on and understanding of news and media. This level of awareness and understanding needs to be assessed for designing a programme on developing news literacy. To do that, MRDI implemented a project in partnership with UNICEF, which included a situation assessment of news literacy standards. This assessment study aimed to ascertain existing situation of news literacy and the grasp of journalistic ethics of readers with particular focus on young people and generate recommendations for improvement.