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Panel urges govt to finalize digital competition bill
Mint Mumbai
|July 28, 2023
The parliamentary standing committee on finance, led by Jayant Sinha, on Thursday urged the Union government to finalise the digital competition bill at the earliest to check a slew of anti-competitive practices plaguing the digital markets.
The committee in its report also said the Competition Commission of India (CCI) will need its entire workforce, and vacant positions to be filled, to ensure that the anti-trust regulator fulfils its statutory role.
In December, Parliamentary Standing Committee on Finance recommended formation of Digital Competition Law, and defining Big Tech companies as Systemically Important Digital Intermediaries (SIDIs) on basis of revenues, market capitalisation and end users.
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