THE STORY SO FAR
The Competition Commission of India imposes penalties on Google, and is investigating practices by firms, including Apple and Meta
The Competition (Amendment) Act 2023 introduces provisions on penalties based on global turnover and deal value thresholds for M&A that will impact tech firms
The Standing Committee on Finance, in its report in December 2022 on anti-competitive practices by Big Tech firms, identifies 10 practices, including anti-steering provisions, bundling and tying; calls for a digital competition bill
The Ministry of Corporate Affairs sets up a high-level committee in February 2023 to look into a digital competition law, submits report in March 2024
IT IS A fine line to tread. How does one protect consumer interests while maintaining the freedom of the markets? Industry, sectoral experts, and policymakers have been debating this vexing question for long but have found no easy answers yet. In the meantime, India is working on introducing a digital competition law that would have significant ramifications for a host of Big Tech firms—both domestic and foreign—including the likes of Google, Meta, Apple, Amazon, Uber, MakeMyTrip, and Zomato, to name a few.
Esta historia es de la edición June 09, 2024 de Business Today India.
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Esta historia es de la edición June 09, 2024 de Business Today India.
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