Moneycontrol has sent queries to the big tech companies on the hearings next week, and the article will be updated when they respond.
In recent times, there have been complaints about alleged anti-competitive ways of various technology platforms and firms. The competition watchdog is already probing various cases, especially in the digital space, following complaints of alleged unfair business practices.On April 28, the CCI made a presentation about competition aspects in the marketplace to the parliamentary panel.After that meeting, Sinha had said the panel had "an excellent set of discussions" with officials from the Ministry of Corporate Affairs, Ministry of Electronics and Information Technology and CCI.Meanwhile, a report presented by another parliamentary committee on June 21 expressed surprise at the undue delay in amending competition laws in the country to bring them up to date with developments in the platform economy.“The pre-condition for assessing whether a certain practice is abusive under Section 4 of the Competition Act, 2002 is to establish that the entity in question is dominant within the relevant market. Establishing dominance in relevant markets is fraught with complexities due to the multisided and cross cutting nature of e-commerce market,” it said. “It has been argued that many tools that are traditionally used in the assessment of relevant market may not adequately capture features such as the impact of direct and indirect network effects on prices, the presence of interconnected but distinct markets on different sides of the platform, and the implicit price of data paid by a consumer,” the report added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
