Digital competition Bill based on standing committee report: Sinha

The parliamentary panel on finance, chaired by Sinha, presented a report in December identifying 10 anti-competitive practices in digital markets and a need for ex-ante regulations to address them

Jayant Sinha, member of Parliament in the Lok Sabha and chairman of the Standing Committee on Finance, said the private member’s Bill on digital competition that proposes to table will include all the provisions suggested by the committee in its report on anti-competitive practices by big tech companies.

“The Bill will be completely modelled on the digital competition report. Everything we have said in the report is in the Bill — identifying systemically important digital intermediaries (SIDIs), making sure that they are compliant with the 10 anti-competitive practices, and they should file an annual report,” Sinha said.

The parliamentary panel