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CCI needs to be more active on tech side, need better laws to check monopolies: Deep Kalra

The Competition Commission of India perhaps needs to be more active in technology and take measures to prevent monopolies, MakeMyTrip's Deep Kalra said on Wednesday. Kalra was replying to questions about monopoly of technology giants, which have received renewed focus in India after Google updated its billing policy to get a 30% cut on sale of all digital goods on Play Store apps. "Why only single out one player? Any kind of monopoly is bad," Kalra said, adding that it's not just technology monopolies that we should be worried about, but all monopolies that use their power to the wrong effect. Even governments, for instance, can be monopolies in many things, "but they are responsible", he said. Kalra added that the issue is less about being Indian or foreign, "we cannot conveniently forget that a lot of Indian companies also have foreign capital". "We should have better laws to check those [monopolies] and we should cry fowl. There have been cases where small companies have won cases against big companies, but the legal process is long. The norms should move with the times, and should be clear that a company can’t get away [with abusing monopoly power]. We can learn from the US and Europe, which had made sure that large companies do not have an unfair advantage on their size. There are also some companies that grow organically that they are so good at something. We then need a regulator to ensure that consumer interest is not undermined." Ever…

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