In Science and Space: Delhi, India As part of its investigation into industry competition practises, the Parliamentary Standing Committee on Finance, chaired by Bharatiya Janata Party member Jayant Sinha, met with representatives of the digital economy businesses on Tuesday and discussed business models.
According to documents on the Lok Sabha website, the panel will discuss 12 important economic issues presented by the committee while speaking with representatives of large internet corporations to learn more about their “anti-competitive tactics.” one of a thorough investigation.
A person with knowledge of the conversation demanded anonymity and said the panel and company representatives had “constructive and friendly” discussions about the digital economy, the opportunities it has created for small businesses, the investments made by these new-age companies, and their revenue streams. Later, he added, businesses would be required to submit written responses to specific inquiries.
The suggestions to alter the Insolvency and Bankruptcy Code, which are being finalised, are based on the extensive and thorough recommendations made by the Sinha-led group on insolvency reforms last year.
Prashanto K. is a technology policy adviser. Many of the CCI’s inquiries, according to Roy, have focused on the large tech industry’s revenue model and advertising sector.
The Competition Commission of India (CCI) is investigating many large IT businesses for possible anti-competitive behaviour. the promotion of businesses owned by an e-commerce platform thought to be impartial, and a phone maker reportedly abusing its strong position as an app marketplace supplier. the probe also concerns the alleged bias in advertising and misuse of power by a search engine. its exclusive payment method. According to Roy, things don’t go well for huge tech corporations when they are brought before authorities. “A balanced viewpoint may be offered by a parliamentary panel. It will also assist Parliament in examining the effectiveness and application of competition law.