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Draft legislation on digital competition to reach Parliament in monsoon session

The ministry of corporate affairs has accepted the suggestion from the parliamentary standing committee on finance to bring a new law to police Big Tech and has started work in this area with the idea of tabling a bill in the monsoon session of Parliament. This will bring a new layer of a regulatory framework to ensure fair and competitive practices in the digital economy, in addition to the existing competition law.

Why it’s important: The new law will seek to check large digital economy firms from restricting the emergence and growth of alternative platforms by prescribing a set of guidelines. Moneycontrol

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