Legislative changes in the competition law on anvil: CCI Chairman

New Delhi: Legislative changes in the competition law such as enabling provisions for prescribing additional criteria for merger notification thresholds in terms of deal value are currently on the anvil, CCI Chairman Ashok Kumar Gupta said on Thursday. Noting the various challenges of the digital economy from regulatory perspective, he said a question that often emerges is that if digital markets demand a different or new antitrust dispensation given their distinct characteristics.

“While the legal framework set out in the [Indian] Competition Act is broad enough to address competition issues arising out of new-age markets, certain legislative changes, such as enabling provisions in the statute for prescribing additional criteria for merger notification thresholds in terms of deal value, are currently on the anvil,” he said.