Comprehensive up-to-date news coverage

HomeNewsScience and SpaceThe parliamentary finance committee is discussing the principles of data use by...

The parliamentary finance committee is discussing the principles of data use by large technology corporations

Published on

Follow us on Google News for latest updates and information.

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.

See also  German Finance Minister: The gas tax has been finalized and will not be revised

Latest articles

A Virginia Beach developer is challenging the city’s funding decision for a surf park project

In Science and Space: Key financial information about the proposed surf park for...

Crowds visit NYC for bull action despite Crypto Bear Market

News Tech: About 2,000 people attended the Messari Mainnet Crypto Conference this week...

How to Change Mouse Speed in Windows 11

Hello everyone, in this article we will show you how Change mouse speed in...

The Sebi chief is being questioned by the tribunal in the case of NSE and Ruchi Soya, which is owned by Patanjali

News Tech: Sebi chairman Madhabi Puri Buch appeared before a parliamentary panel on...

More like this

A Virginia Beach developer is challenging the city’s funding decision for a surf park project

In Science and Space: Key financial information about the proposed surf park for...

Crowds visit NYC for bull action despite Crypto Bear Market

News Tech: About 2,000 people attended the Messari Mainnet Crypto Conference this week...

How to Change Mouse Speed in Windows 11

Hello everyone, in this article we will show you how Change mouse speed in...

The Sebi chief is being questioned by the tribunal in the case of NSE and Ruchi Soya, which is owned by Patanjali

News Tech: Sebi chairman Madhabi Puri Buch appeared before a parliamentary panel on...

Privacy Settings Change IN Windows 11

Hello everyone, in this article we will tell you how to do it Change...

In the United States, the trial for the 1MDB corruption of the former banker Goldman has begun

In Science and Space: A jury on Tuesday began hearings in the case...