The Parliamentary standing committee on finance has asked senior executives of the Indian arms of Apple, Amazon, Google, Microsoft, Netflix and few others to depose before it on the fuming issue of anti-competitive practices in digital space.
Recently, some of the global tech giants are facing a probe by the Competition Commission of India (CCI) for alleged anti-competitive practices. The regulator told the panel that it was setting up a ‘Digital Markets and Data Unit’ to deal with the anti-competition practices of big tech companies.
According to a notice issued by the Lok Sabha Secretariat, the agenda of the meeting is “Oral evidence of the representatives of big tech companies on the subject ‘Anti-Competitive’ practices by big tech companies. Representatives of Apple, Microsoft, Amazon, Google, Netflix, from their Indian arms and a few others will appear before the parliamentary panel on the issue of competitive behaviour in the digital market.
Recently, the government amended the competition law to give more space to the CCI to tackle the growing threat of anti-competitive behaviour of new-age firms. The Competition (Amendment) Bill, 2022, proposed to widen the scope of prohibited anti-competitive agreements to cover new-age marketing arrangements, especially the hub-and-spokes model of cartels.
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