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LATEST NEWS UPDATES | CCI to set up digital market unit to assess big tech behaviour -Gireesh Chandra Prasad

CCI to set up digital market unit to assess big tech behaviour -Gireesh Chandra Prasad

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published Published on Jun 11, 2022   modified Modified on Jun 13, 2022

-Livemint.com

The sheer scale of transactions and transparency issues associated with digital markets add to the complexity. But our advantage is our Competition Act is quite flexible, CCI chairman said

Competition Commission of India (CCI) will set up a digital market unit (DMU) to better understand and assess the conduct of e-commerce platforms and other digital economy firms so that any anti-competitive behaviour of new age businesses do not go undetected by the regulatory framework, senior officials said on Saturday.

CCI Chairperson Ashok Kumar Gupta said, “In view of the increasing number of cases and complexity in the digital sector and the increasing need for data and technology skills, we are now planning to set up a dedicated digital markets unit within CCI as a centre of expertise for digital markets." Kumar was speaking at the national conference on competition law held by the CCI and the ministry of corporate affairs as part of commemorating 75 years of independence.

The government is currently working on amendments to the Competition Act, which are likely to be tabled in the monsoon session of Parliament. These amendments are expected to update the law to better regulate digital economy firms.

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Livemint.com, 11 June, 2022, https://www.livemint.com/news/india/cci-to-set-up-digital-market-unit-to-assess-big-tech-behaviour-11654956627031.html


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