As a committee set up by the Ministry of Corporate Affairs (MCA) readies a draft law on digital competition, the IT Ministry, the nodal entity for the Internet space in India, is expected to prescribe broad principles for the competition space, with the MCA taking the lead in formulating and enforcing specific rules related to the sector.
The committee, which was set up by the MCA in February, it is understood, is considering proposing “ex ante” competition regulations for the digital space – taking a cue from a recommendation made by a Parliamentary panel, and one that has been opposed by big technology companies.
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