On speech July 16, 2024 Hon’ble Ms. Justice Hima Kohli gave an address on India’s Draft Digital Competition Bill, 2024. It outlines the bill’s key provisions, comparing it to similar legislation in the EU and UK. The speech highlights the bill’s ex-ante regulatory approach for digital markets, focusing on Systemically Significant Digital Enterprises. It presents arguments for and against the legislation, discussing potential impacts on innovation, competition, and consumer choice. The speech concludes by emphasizing the ongoing consultation process and the need to balance promoting competition with fostering innovation.
Archives for the tag Digital Competition Bill
Concerns over the draft Digital Competition Bill 2024
India Inc. raised concerns over the draft Digital Competition Bill 2024 during a meeting chaired by MeitY Secretary S. Krishnan, which also included representatives from the Competition Commission of India and the Ministry of Corporate Affairs, as reported by the Hindu. The Internet and Mobile Association of India (IAMAI) was also involved and criticized the bill for its broad definition of significant digital players, which encompasses both large and small firms, and argued that existing issues could be addressed through amendments to the IT and Competition Acts.
Report of Committee on Digital Competition Law and Draft Bill on Digital Competition Law
The Ministry of Corporate Affairs (MCA) has formed the Committee on Digital Competition Law (CDCL) based on recommendations from the 53rd report of the Parliamentary Standing Committee on Finance, which addressed anti-competitive practices by big tech companies. Chaired by the Secretary of the MCA, the committee was tasked with examining the need for a separate law for competition in digital markets. The committee has since submitted its report, including a Draft Bill (Annexure IV) on Digital Competition Law.
Read the Report: [pdf-embedder url="https://www.iltb.net/wp-content/uploads/2024/07/CDCL-Report-20240312.pdf"]