tuesday discussion on digital markets panels
To ensure the field of playing level in the digital markets parliamentary panels on Tuesday discussed the preparation of legal framework for fair competition in space while baking major major technology majors Google, Amazon, Apple and others about the alleged anti-competitive practices.
To ensure the field of playing level in the digital markets, parliamentary panels on Tuesday discussed the preparation of legal framework for fair competition in space while baking major major technology majors Google, Amazon, Apple and others about the alleged anti-competitive practices.
During the meeting, several parliamentary panel members about finance questioned the dominance of large technology companies, which, they said, were blocking other competitors and killed hjIndian players, the source said.
no regulations needed in Indian digital markets
Because all major technological majors at the meeting suggested that no further regulations were needed in the Indian digital markets, a member replied that if the major technology major would be “uncooperative” then they must “submit it to the limited policy of the parliamentary members to regulate in a way that was deemed Suitable “, said the source.
Panel members suggest that they want laws that are not business that are not friendly but at the same time save the interests of consumers as well, they said.
The peak executive of The Indian Arms of Apple, Google, Amazon, Facebook, Twitter Netflix and Uber was overthrown before the panel.
The Permanent Parliamentary Committee on Finance, led by former Union Minister Jayant Sinha, is looking for various aspects of competition in the market, especially regarding the Department of Technology.
After the meeting, of digital markets
Sinha said, “Parliamentary panels will issue a report on the evolution of competition law for the digital market, that is the report we have collected.” “We will deal specifically with matters related to competitive behavior and competitive behavior, which will include problems related to prices, neutrality of the platform, and how data is used in adjacent markets.” Sinha said the panel had held six to seven meetings and “will issue a report in the first week of September”.
during preperation of the report of digital markets
In preparation for the report, the panel has conducted a series of hearings with companies operating in the digital market, industrial associations, regulators, and ministries.
Sinha further said the report would take into account India’s unique situation but at the same time “intensively examined and considering competition laws related to digital markets throughout the world”.
EU has just passed the Digital Market Law and Digital Services Law, while there are several bills delayed in the British Parliament and the US Congress related to the digital market. Other jurisdictions such as Australia and Korea have passed laws related to the digital market, said Sinha.