While announcing a three week window period for public consultation on the proposed Competition (Amendment) Bill 2019, Ministry of Corporate Affairs (MCA) secy Injeti Srinivas said that sectors which are impacted by digital technologies should also be assessed under the Competition Commission of India (CCI).
Speaking at a CUTS International and CIRC event on ‘Digital Economy – Hitting the reset button on competition and regulatory governance’, Srinivas further pressed for the need of digitalisation of the economy and bridging the digital divide to achieve India’s target of becoming a US $5trillion economy by 2024-25.
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Ashok Kumar Gupta, one of the stakeholders at the event and Chairperson, CCI, stressed the importance of timely detection and intervention of antitrust issues in the new age digital economy to ensure inclusive growth.
Source: ET Telecom
