Govt Panel Proposes New Competition Law For Big Tech Regulation

Published On: March 14, 2024 - Homegrown firms like Swiggy, Zomato, Oyo, and global companies such as Meta, Google, Amazon express reservations on the ex-ante digital competition law that has been recommended by a government-appointed panel. The violation of new law can cost companies up to 10% of their global turnover. The panel recommends the establishment of a new Digital Competition Law to regulate technology players in case they abuse their dominant power position. Join News9’s Shweta Kothari and Kartik Malhotra for more details on the story.