In its first meeting on the anti-competitive practices of Big Tech that was held on April 28, the Parliamentary Standing Committee on Finance discussed the functions of the Competition Commission of India (CCI) while also trying to understand the regulator's responsibilities and India's competition regulatory framework in general. The issue is expected to be examined in greater detail over at least four to five sittings. CCI Chairman Ashok Kumar Gupta and secretaries under the Ministry of Corporate Affairs (MCA) and Ministry of Electronics and Information Technology (MeitY) briefed committee members at the meeting, MediaNama has learnt. Antitrust investigations into major tech companies like Amazon, Google, and Apple have been gathering steam in India over the past few years. Issues raised in the committee meeting Out of the officials that had been summoned, only the CCI chairman gave a presentation while the others made brief remarks. Functions of the CCI and competition law: A briefing on the regulatory frameworks that tackle anti-competitive practices, the Competition Act, and workings of the CCI also touched upon: Indian antitrust regulations and how they compare with similar laws in the US and Europe Competition Amendment Bill pending: The CCI said it was awaiting the passage of the pending amendment bill to the Competition Act, 2002. The bill was listed for 'introduction, consideration, and passing' during the budget session in the Rajya Sabha; however, it was ultimately not taken up. CCI is short-staffed: "It (CCI) was earlier downsized from seven to four members but the position of the fourth member still…
Parliamentary panel to take closer look at Big Tech’s antitrust practices
It also has crypto regulations and issues related to the startup ecosystem on its plate.
- Influencers must understand the laws that govern them and what they promote: Manisha Kapoor, CEO of ASCI March 23, 2023
- MediaNama Daily: GIFT-ing startups a break from compliance stress March 23, 2023
- Expert committee set up to help bring back foreign domiciled fintech startups to India’s GIFT City March 22, 2023
- India’s I&B Ministry has no answer for query on expertise of fact-checkers working for govt’s Fact Check Unit March 22, 2023
- Here’s everything you need to know about WazirX’s latest transparency report March 22, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...