IFF shared a response with the Ministry of Corporate Affairs on its draft Competition (Amendment) Bill, 2020 which was put out for public consultation last month. We suggest ways in which the Government could strengthen and streamline its institutions within India’s competition framework. More importantly we stress on the need for India’s competition laws to be modernised to reflect challenges emerging from market concentration in technology markets. We look at it through the prism of innovation, consumer welfare and human rights dimensions. We also flag our concerns with certain insertions in the draft amendment. Additionally, we suggest certain additions/changes to help adapt the role of competition frameworks to modern digital markets.
This is a companion discussion topic for the original entry at https://internetfreedom.in/read-iffs-response-to-the-draft-competition-amendment-bill-2020-our-ask-hold-big-tech-accountable/