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    Vikshita Vitthal Gujaran in News

    23-Dec-2022 05:13 AM


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    Committee Recommends Digital Competition Act To Reign In Big Tech Firms

    The panel has asked digital market entities to desist from "deep discounting.
    In a significant recommendation, the panel has called for classifying leading entities that can negatively influence competitive conduct in the digital ecosystem as 'Systemically Important Digital Intermediaries' (SIDIs) based on their revenue, market capitalisation and number of active business and end users.
    "India should also adopt definitions to ex-ante regulate the behaviour of SIDIs as has already been done by various legislations across the world," the committee said, adding that stakeholders along with CCI and the central government must collaborate for a reasonable definition of SIDIs.
    A specialised digital markets unit should be established within CCI staffed with skilled experts, academics and attorneys.
    Further, it said that platform neutrality should be ensured at all costs and a SIDI should not favour its own offers over that of its competitors.

    Source - NDTV