The answer to the question about whether as per NMC rules print journal are necessary is a categorical “NO”.

New Gazette notification as per NMC do not say that its necessary for a journal to have print versions. 

The only criteria is indexed criteria and any journal which is indexed in any of the following indexing services is valid journal for the purpose of promotions in medical colleges across India.

• Medline.
• Pubmed.
• Central Citation Index.
• Science citation Index.
• Embase.
• Scopus.
• Directory Of Open Access Journals (DOAJ)