Draft Digital Competition Act: A month after a Parliamentary panel sought a new digital competition law, the Competition Commission of India (CCI) has constituted a 16-member committee to look into the Draft Digital Competition Act. Chaired by Corporate Affairs Secretary Manoj Govil, the panel will review existing competition norms and will examine the need for new legislations to tame the digital gatekeepers. Joint Secretary (Competition) in the Corporate Affairs Ministry will serve as member secretary.
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The government has been moving at a fast pace ever since the Standing Committee on Finance tabled its report in the Parliament in late December. The committee specifically sought the introduction of a new digital competition law to curb the dominance of big tech players.
The report had also called for giving more teeth to the competition watchdog and had recommended setting up specialised Digital Markets units within the CCI to closely monitor tech giants.
The aftermath saw big tech players come out all guns blazing, albeit implicitly, against the report. Asia Internet Coalition, which represents the interests of players such as Google, Meta and Amazon, termed the report prescriptive, absolutist and regressive in nature. The industry body also went on to claim that the recommended digital competition law could dampen digital innovation in the country.
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