Parl Panel Turns The Heat On Big Techs, Bats For Changes To Existing Competition Laws
Parliamentary Standing Committee on Finance has urged the CDCL to formulate changes to the existing competition laws.
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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.