Page 3 - Digital Competition News Today

Parliamentary Standing Committee on Finance has urged the CDCL to formulate changes to the existing competition laws.

A panel, chaired by corporate affairs secretary Manoj Govil, is likely to define systemically important digital intermediaries based on a set of criteria including the nature of business, turnover, and user base, both global and local.

While ex-ante regulations are being proposed to curb dominance of Big Tech, they can impact innovation and growth of Indian companies.

The panel is looking into various aspects of the digital markets as well as various regulations that are there, an official said, adding that consultations are going on.

India Business News: NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday asked top officials in the ministry to ensure that they should keep close tabs on the implem.

Union ministers Nirmala Sitharaman and Rajeev Chandrasekhar agreed to adopt a ‘Whole Government Approach’ for the Digital Competition Law.

By calling out the widespread adoption of private crypto currencies as a risk to monetary stability, the RBI has indicated to the market that its stance will only get harder going forward.

Digital Competition Bill: Experts told ET that a digital competition law could have far-reaching consequences, especially for big tech players operating in Indias digital markets.

When Indias Information Technology Act came into being in October 2000, Facebook was four years away from its inception, the first iPhone wouldnt be launched for the next seven years, and the Nasdaq was experiencing an unprecedented implosion of the dotcom bubble. The internet has changed a lot since. Now, to replace the IT Act of 2000, the government is bringing the Digital India Act, the draft of which will be open for public consultation in the next two weeks. This and more in todays ETtech M...

Experts told ET that a digital competition law could have far-reaching consequences, especially for big tech players operating in Indias digital markets.