REGULATING COMPETITION IN - DIGITAL MARKETS 6 - APRIL 2024

20.500.12592/r4xh3sx

REGULATING COMPETITION IN - DIGITAL MARKETS 6 - APRIL 2024

29 Apr 2024

Over the years, competition law has transformed from being the guardian On the basis of the recommendations of the PSCF, of markets to a servant of consumer welfare. [...] Section redressal of anti-competitive behaviour of digital 38 of the Bill allows the Central Government enterprises and that there is a need for the the power to grant exemptions to enterprises formulation of a Digital Competition Bill that based on certain criteria. [...] The rapid pace of innovation, coupled may play a significant role in the inclusion with the slow process of investigation and appeals of transparency regarding various aspects of of anti-competitive practices in the digital space, platform design and rules of engagement with has often created irreparable harm such as market business and end users, including the ways in consolidation and the erosio. [...] never proactively shaped or promoted—is deeply The ex-ante regulation of such conduct is likely embedded in the normative non-interventionist to prevent abuse of dominance by shifting the narrative.59 However, the last few years of onus of compliance on enterprises, thus freeing competition law enforcement in digital markets the regulator to deal with the determining the has forced policymakers to. [...] With the need for than blanket regulations that cut across diverse timely and speedy redressal in digital markets markets, it is proposed that regulations for each driving the conception of the Digital Competition of the Core Digital Services of the identified Bill, this policy brief recommends that the SSDEs are informed by market inquiries.
Pages
13
Published in
India