News Post

What the proposed digital competition law looks to regulate

Economic Times

· 3m
placeholder-image

The Committee on Digital Competition Law has proposed a new digital competition law in India, aiming to regulate potential abuse of dominance by large digital companies. The draft legislation suggests introducing an ex-ante framework that empowers the Competition Commission of India (CCI) to monitor potential misconduct by major enterprises. The proposed law classifies digital enterprises based on their quantitative and qualitative criteria and imposes penalties of up to 10% of the global turnover of systematically significant digital enterprises. Stakeholder feedback on the draft legislation is invited by April 15. This initiative aligns with similar ex-ante regulatory approaches taken by the European Union.

No Comments yet

Download the medial app to read full posts, comements and news.