This research presents a novel approach to dissecting media narratives, with a specific focus on aspect-level granularity and variance in addressing multifaceted news topics. Unlike previous studies, which often concentrate solely on ideological or political biases, our methodology delves deeper, exploring how diverse media outlets navigate the complexities of various news aspects. Through a detailed case study on Indian government policies, we uncover distinctive biases and variations in reporting between Indian and international media. Crucially, our methodology leverages Natural Language Inference (NLI) to identify news aspects and ascertain aspect-level sentiment from news text, enabling scalable and precise quantification of bias across diverse media narratives. Our findings illuminate the multifaceted layers of media coverage, revealing nuanced stances on different aspects of the same topic and the dynamic nature of biases over time. Importantly, our comprehensive framework quantifies media bias through data-driven quantitative evaluation, capturing both selection bias based on news aspect coverage and statement bias based on sentiment polarity. It is relevant to note that in our context, bias is not inherently favourable or unfavourable but rather serves as a quantitative metric to measure divergence in news presentation from the overall average. Thus, our contributions not only enhance understanding of media bias but also introduce a methodology distinguished for its comprehensive and scalable approach to analyzing media narratives, with substantial implications for future research and discussions in this domain.