New Delhi:
The government has set up a Digital Competition Law Panel to examine various regulatory aspects in dealing with challenges arising from the digital economy.
Chaired by Corporate Affairs Secretary Manoj Govil, the panel will also examine the need for an ex-ante regulatory mechanism for digital markets through separate legislation, according to an official order.
The panel was set up less than two months after a parliamentary panel proposed introducing a new digital competition law to curb anti-competitive practices in digital markets.
According to the order issued by the Ministry of Corporate Affairs on Monday, the chairman of the Competition Commission of India (CCI) will be part of the panel alongside experts in various fields.
There will also be representatives from Niti Aayog, the Ministry of Commerce, the Ministry of Economy, the Ministry of Consumer Affairs, the Ministry of Industry and Internal Trade and the Ministry of Electronics and Information Technology.
The panel assesses whether the existing provisions in the Competition Act 2022 and the laws and regulations that fall under it are sufficient to meet the challenges posed by the digital economy.
Furthermore, it will study international regulatory best practices in the field of digital markets, as well as other regulatory regimes / institutional mechanisms / government policies related to competition in the digital markets.
According to the order, the commission will also investigate the practices of leading players/systemically important digital intermediaries (SIDIs) that limit or may cause harm in the digital markets.
Other members of the committee include Co-Founder of Nasscom and Chairman of the Indian Angel Network, Saurabh Srivastava, Professor of Economics (Retd) Delhi School of Economics Aditya Bhattacharjea, Haigreve Khaitan of Khaitan & Co, Harsha Vardhana Singh of IKDHVAJ Advisers LLP, Pallavi of Shardul Amarchand Mangaldas & Co. Shardul Shroff, Anand S Pathak of P&A Law Offices, Rahul Rai of Axiom5 Law Chamber and the Joint Secretary of a Department of Corporate Affairs.
Under the order, the panel chairperson may co-opt any other person as a member/special invitee when needed.
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
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