wordpress blog stats
Connect with us

Hi, what are you looking for?

Zomato and Swiggy believe ex-ante regulations can negatively affect Indian startups

In their submission to the Committee on Digital Competition Law, the two food-delivery platforms maintained that the current competition framework sufficient, and that introduction of ex-ante rules may result in over-regulation of Indian startups.

Online food delivery platforms Zomato and Swiggy opposed ex-ante regulations for digital markets in India, in their submission to the Committee on Digital Competition Law (CDCL). They warned that introducing an ex-ante regime could potentially harm the growing startup ecosystem in India. However, if the government were to introduce such regulations, Swiggy suggested that the government conduct market studies to assess the issues the regulations will address and the relevant sectors and services that should be targeted; Zomato submitted that the regulations should not stifle innovation or consumer interest. The comments were made public in the report released by the CDCL on the matter of ex-ante regulation in India, modelled after the Digital Markets Act (DMA), the European Union’s (EU) new competition law. The Committee has also released the draft Digital Competition Bill,2024. The draft bill prohibits large digital platforms, identified as Systemically Significant Digital Enterprises, from engaging in self-preferencing, restricting third-party apps, imposing anti-steering policies, misusing the data of business users, and bundling products and services. The draft is open for public feedback until April 15.   Ex-ante regulations aim to prevent anti-competitive conduct from occurring, as opposed to the current ex-post framework under the Competition Act, 2002, wherein the Competition Commission of India (CCI) intervenes only after the occurrence of anti-competitive conduct. What did Zomato say in its submission?  Indian economy still developing and needs nimble laws: In its submission, Zomato warned that India’s growing economy differs from the mature economies of the EU. As India’s economy is diverse and…

Please subscribe/login to read the full story.
Written By

Free Reads

News

According to Russian investigators, Stone had published online comments that defended hostile and violent actions against Russian military personnel.

News

bank-owned P-PA services do not require any authorization, but will also have to ensure compliance with other requirements for P-PAs.

News

However, it is possible to opt-out of the clause by emailing an opt-out notice to arbitration-opt-out@discord.com within 30 days of April 15, 2024, or...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ