AIC calls Parliamentary panel report on anti-competitive practices by large tech companies

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The Asia Internet Coalition (AIC) has come out swinging against the recently released report on anti-competitive practices by large tech companies.

According to AIC, the Parliamentary Standing Committee on Finance’s report was prescriptive, absolutist, and regressive. The industry body also stated that the panel’s recommended digital competition law could stifle digital innovation in the country. According to the AIC, incorporating legislation from other countries into India could have an impact on innovation and investment in India. The industry body urged the centre to hold broader stakeholder consultations before enacting new space laws. In a damning report issued last month, a Parliamentary panel urged the government to enact a digital competition law to rein in big tech players.

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AIC calls Parliamentary panel report on anti-competitive practices by large tech companies

The Asia Internet Coalition (AIC) has come out swinging against the recently released report on anti-competitive practices by large tech companies.

According to AIC, the Parliamentary Standing Committee on Finance’s report was prescriptive, absolutist, and regressive. The industry body also stated that the panel’s recommended digital competition law could stifle digital innovation in the country. According to the AIC, incorporating legislation from other countries into India could have an impact on innovation and investment in India. The industry body urged the centre to hold broader stakeholder consultations before enacting new space laws. In a damning report issued last month, a Parliamentary panel urged the government to enact a digital competition law to rein in big tech players.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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