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MeitY may ask MCA to keep ex-ante out of Digital Competition Bill for now

Economic Times

Economic Times · 1y ago

MeitY may ask MCA to keep ex-ante out of Digital Competition Bill for now

The Ministry of Electronics and Information Technology (MeitY) is expected to propose that the ex-ante provision in the Digital Competition Bill (DCB) draft should be excluded from the legislation for now. The Ministry may suggest further consultations with industry, startups, and stakeholders before finalizing the draft. There is a general consensus that the ex-ante provision needs further consideration and it may not be the right time for its implementation. The DCB draft proposes giving the competition regulator preemptive powers in addition to its current reactive powers. Several stakeholders have expressed concerns about the provisions, including startups and industry groups.

Related News

IT Ministry to Propose the removal of Ex-ante provision from the Digital Competition Bill: Report

OutlookIndia

OutlookIndia · 8m ago

IT Ministry to Propose the removal of Ex-ante provision from the Digital Competition Bill: Report

The Ministry of Electronics and Information Technology (MeitY) is reportedly planning to request the Ministry of Corporate Affairs (MCA) to exclude the ex-ante provision from the proposed Digital Competition Bill (DCB) for now. The move follows discussions between the IT ministry, industry players, and representatives from MCA and the Competition Commission of India (CCI). Concerns were raised that provisions in the bill related to ex-ante and other aspects could be detrimental to Indian startups. The DCB aims to regulate digital markets and address anti-competitive practices by tech companies.

Big Tech says ex-ante antitrust regulations will hurt innovation

Economic Times

Economic Times · 1y ago

Big Tech says ex-ante antitrust regulations will hurt innovation

Executives from a Big Tech company have expressed concerns about the proposed ex-ante regulations in India's draft Digital Competition Bill, comparing them to the European Union's Digital Markets Act (DMA) and its negative impact on user experience and innovation. They argue that the rigid rules of a DMA-like regime prevent innovations from benefiting users and restrict how platforms can operate. Critics also question the need for a new regulatory framework, as the Competition Commission of India already has powers to address anti-competitive conduct. Meanwhile, proponents argue that ex-ante regulations can benefit consumers by preventing harm in advance.

Indian Startups Pledge Support to Draft Digital Competition Bill; Say Ex-ante Norms Game-changer

OutlookIndia

OutlookIndia · 7m ago

Indian Startups Pledge Support to Draft Digital Competition Bill; Say Ex-ante Norms Game-changer

Nearly 40 Indian startups have come out in support of the draft digital competition bill, advocating for its 'ex-ante' regulations as a potential solution to combat anti-competitive practices of big tech companies. The startups, including Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy, have written to the Ministry of Corporate Affairs expressing their support and urging the government to move forward with the bill. They argue that the bill will address long-standing concerns and create a level playing field for Indian ventures while ensuring the growth and innovation of startups.

IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA

Economic Times

Economic Times · 1y ago

IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA

Four members of the Internet and Mobile Association of India (IAMAI) have expressed divergent views from the association's recent submission opposing ex-ante regulation proposed in the draft Digital Competition Bill (DCB). The companies believe that the IAMAI's submission does not represent the entire digital startup ecosystem and they urge the Ministry of Corporate Affairs to proceed with ex-ante regulations to combat the anti-competitive practices of Big Tech companies. They argue that opposition to ex-ante regulations will maintain the status quo and hinder competition and innovation. The companies emphasize the necessity of ex-ante regulation in the digital sector and highlight that other jurisdictions are implementing similar rules.

India Inc raises concerns over draft Digital Competition Bill

YourStory

YourStory · 1y ago

India Inc raises concerns over draft Digital Competition Bill

India Inc expressed its concerns about the draft Digital Competition Bill 2024 in a meeting chaired by MeitY Secretary S Krishnan. IAMAI proposed recommendations for the Dual Legislation, stating that the current Competition Act and the new bill for digital markets are unjust and untenable. The proposed bill seeks to impose obligations on big tech firms with a global turnover exceeding $30 billion to ensure fair competition in the digital space. MeitY will hold further consultations before deciding on any action.

Draft digital competition bill will make business untenable: IAMAI

Economic Times

Economic Times · 1y ago

Draft digital competition bill will make business untenable: IAMAI

The proposed Digital Competition Bill in India, which involves an ex-ante approach by the government, has been criticized by the Internet and Mobile Association of India (IAMAI). The IAMAI argues that this approach imposes unfair burdens on digital companies and could hinder venture investments in tech startups. The association also raises concerns about the subjective criteria for designating companies as systemically significant digital enterprises (SSDE). This ex-ante regulation could lead to increased operational costs and harm for businesses, according to the IAMAI. The draft Bill aims to introduce additional compliance measures for tech companies, potentially affecting their scalability and profitability.

Draft Digital Competition Bill: government may hold new round of discussions with stakeholders

Economic Times

Economic Times · 1y ago

Draft Digital Competition Bill: government may hold new round of discussions with stakeholders

The government is expected to hold further consultations on the draft of the Digital Competition Bill, focusing on the ex-ante provision and the definition of systemically significant digital enterprises. Stakeholder feedback and suggestions from various ministries will be considered before the final draft is released.

Digital competition law after due process: Union Minister Harsh Malhotra

Economic Times

Economic Times · 4m ago

Digital competition law after due process: Union Minister Harsh Malhotra

Union Minister Harsh Malhotra announced that the digital competition law will be established following due process, with over 100 suggestions received on the draft Digital Competition Bill. The government is awaiting a report from the Ministry of Electronics and Information Technology. Malhotra stressed the importance of considering international digital market practices and implementing real-time market monitoring to ensure fair competition. The proposed law aims to include ex-ante measures for proactive oversight of large digital enterprises.

Group Representing Google, Apple, Amazon Opposes Digital Competition Bill

Inc42 · 1y ago

Group Representing Google, Apple, Amazon Opposes Digital Competition Bill

The US-India Business Council (USIBC) has requested the Ministry of Corporate Affairs (MCA) to reconsider the draft Digital Competition Bill. The USIBC, which represents major tech companies like Google, Amazon, Apple, Meta, and Walmart, stated that the proposed bill has a broader scope compared to the EU's Digital Markets Act. The council highlighted concerns that certain restrictions outlined in the bill will ultimately increase costs for end users.

Need time to study impact of proposed digital competition law, say tech policy advocacy groups

Economic Times

Economic Times · 1y ago

Need time to study impact of proposed digital competition law, say tech policy advocacy groups

A group of 21 organizations and individuals, including Broadband India Forum, Deepstrat, the Internet Freedom Foundation, and the Dialogue, have requested a five-month extension to the May 15 deadline for providing inputs on the draft of the Digital Competition Bill. They argue that the extension is necessary to allow for research, involvement of stakeholders such as small businesses and consumers, and to study the impact of ex-ante regulations worldwide. The organizations also emphasize the potential impact on non-digital domains, jobs, and income generation. The government had previously extended the comment submission deadline to May 15 from April 15.

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