We missed this earlier The Competition Law Review Committee, which was set up by the government in October 2018 to review the Competition Act, made its report public in August 2019. It examined the entire Comeptition Act, and also dedicated a section to competition issues emerging in digital markets. It made recommendations on how price is defined, algorithmic bias, control over data, among other things. The Committee's approach was “to further the objects of the Competition Act”, including consumer welfare, facilitating entry and growth of new players, and encouraging existing companies to innovate. It examined whether there's need for a new, separate antitrust dispensation to deal with digital markets, or if the existing Competition Act is flexible enough to deal with it. At the same time, it noted that: the nuances of this issue will become clearer in the near future global jurisprudence is still evolving, various countries are studying their markets The CCI's Think Tank may periodically review market trends and policy implications of digital markets in relation to the Competition Act The Committee's members The committee was chaired by Injeti Srinivas, Secretary, Ministry of Corporate Affairs, and its members were: Ashok Kumar Gupta, Chairperson, CCI Dr. M.S. Sahoo, Chairperson, Insolvency and Bankruptcy Board of India Haigreve Khaitan, Khaitan & Co. Pallavi Shardul Shroff, Shardul Amarchand Mangaldas & Co. Dr. Harshavardhana Singh, IKDHVAJ Advisors LLP Dr. S. Chakravathy, Retd. IAS Dr. Aditya Bhattacharya, Professor of Economics, Delhi School of Economics KVR Murty, Joint Secretary, MCA & Member Secretary Anand…
What the Competition Law Review Committee said on algorithms, control over data, and if data can be ‘price’
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