cxo voice
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

New competition law of India may dampen digital innovation in the country: Big Tech

IANS by IANS
January 9, 2023
Reading Time: 2 mins read
Competition law India
Share on FacebookShare on Twitter

The Asia Internet Coalition (AIC), which has Meta, Amazon, Twitter, Google, and other Big Tech firms as its members, has raised questions on the digital competition law urged by the Parliamentary Standing Committee on Finance, that “may dampen digital innovation in India.” 

In a statement, the Coalition urged the Indian government to conduct more comprehensive stakeholder consultations to ensure that any new legislative recommendations meet international best practices, are evidence-based, and benefit innovation, growth, and consumers.

“Otherwise, transplanting legislative reforms designed for a foreign jurisdiction with high digital penetration into India, could lead to disproportionate costs to consumers in India and an impact on innovation and investment by businesses in India — especially at a time when the government is rightly focusing on bringing connectivity to all under the Digital India initiative,” said the Coalition.

Last month, the Parliamentary Standing Committee on Finance urged that the Central Govt to prepare a digital competition act to handle anti-competitive practices in the market by Big Tech businesses.

The Coalition said the report put forward by the Committee is “prescriptive, absolutist and regressive in nature”.

The government of India has recently presented two important bills.

ADVERTISEMENT

1. the revised Digital Personal Data Protection Bill and 

2. the Competition Amendment Bill (CAB), 

both of which seek to protect consumers, preserve competition and promote tech innovation, with a particular focus on digital markets.

The Coalition said it is critical to understand the “effects of these two bills on the digital ecosystem before introducing any new legislative proposals”.

Also Read: Startups should embrace a down-round and restructure their firms: Flipkart CEO

IANS

IANS

For any query, contact@cxovoice.com

Related Posts

Infosys SGRE
Business

Infosys partners with Microsoft to boost adoption of generative AI

September 26, 2023
Image Credit: Pixabay
Business

IT spending in MENA region to reach $183.8 billion in 2024: Gartner

September 23, 2023
NVIDIA Infosys
Business

Infosys collaborates with NVIDIA for generative AI solutions

September 20, 2023
banks
Finance

Banks Struggle to Achieve Priorities: Report

September 15, 2023
Google AI
Business

Google launches $20 mn fund to support responsible AI

September 12, 2023
Bengaluru IT
News

Bengaluru has potential to become world no 1 in IT, BT exports: K’taka CM

September 4, 2023
AI IBM
AI

AI will help companies grow faster: IBM CEO

August 25, 2023
VMware AI
Business

VMware announces AI integrations to Anywhere Workspace platform

August 24, 2023
Load More
ADVERTISEMENT

Expert Views

Credentials database theft, reused passwords dangerous entryway
Cyber Security

Can SASE be used as your initial defense against ransomware?

September 12, 2023
Smart Cities challenges and security
Cyber Security

Do our abilities match the ambitions of Smart Cities?

August 23, 2023
Why 5G Network Uptime is Essential for a Digitally Interconnected Society
Opinion

Why 5G Network Uptime is Essential for a Digitally Interconnected Society

July 18, 2023
Responding to cyberbullying with cyber confidence and resilience
Cyber Security

Responding to cyberbullying with cyber confidence and resilience

July 17, 2023
Five Ways All-Flash Data Centers Can Drive Sustainability Goals 
Opinion

Five Ways All-Flash Data Centers Can Drive Sustainability Goals 

July 7, 2023

Latest Updates

Jatin Dalal

Cognizant names Jatin Dalal as its next CFO

by News Desk
9 hours ago

Security and Risk Management

Global Security and Risk Management Spending to Reach $215 bn by 2024: Gartner

by News Desk
10 hours ago

AMD Alveo UL3524

AMD unveils fintech accelerator card for e-trading at nanosecond speed

by IANS
1 day ago

HMD Global

HMD Global Appoints Tanuj Patro as CFO for India & Asia Pacific

by News Desk
1 day ago

Kuehne+Nagel Capgemini

Kuehne+Nagel and Capgemini join hands to deliver an end-to-end supply chain capability

by News Desk
2 days ago

SAP Joule

SAP India announces new genAI assistant ‘Joule’

by IANS
2 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

NewgenOne
Leaders Talk

NewgenONE bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
Interview with Prasanna Arikala, CTO, Kore.ai on AI chatbots
AI

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-
Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain
Cyber Security

Rising cyber attacks pose a serious threat to Indian SMBs, says Zakir Hussain

-
Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Leaders Talk
  • Expert Opinion

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/