India Inc raises concerns over draft Digital Competition Bill
The Hindu
India Inc on Tuesday raised its concerns over the draft Digital Competition Bill 2024 in a meeting chaired by MeitY Secretary S Krishnan.
India Inc on Tuesday raised its concerns over the draft Digital Competition Bill 2024 in a meeting chaired by MeitY Secretary S Krishnan.
The meeting, earlier scheduled for June 13 but postponed at the last moment, also saw participation from representatives of the Competition Commission of India and the Ministry of Corporate Affairs.
Internet and Mobile Association of India (IAMAI) proposed recommendations for the Dual Legislation, saying the current Competition Act and the new bill for digital markets are unfair and untenable.
It said the definition of significant digital players virtually includes all digital firms, large and small, making the scope of the draft poor.
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The Digital Competition Bill (DCB) has driven its inspiration from the European Union's Digital Market Act 2022.
IAMAI said the EU's DMA has not been able to solve the revenue share issue, but whatever it solved so far has already been resolved by the current Competition Act.
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