Technology companies wary of law on digital competition
The HinduTo tackle unfair and predatory practices in the digital market space, the Standing Committee on Finance will be submitting a report in the first week of September on how the competition law needs to evolve for the digital market. “In the first week of September, the Standing Committee on Finance will be submitting a report on the evolution of competition law for the digital market. We will take into account India’s unique circumstances; at the same time, we also examine competition laws associated with digital markets around the world,” panel chairperson and BJP MP Jayant Sinha said. “Giving out the numbers, they claimed that since their share in the digital space in India is so low the question of anti-competitive practices doesn’t arise,” one of the members said.