Only anti-competitive practices to be under lens- No stringent regulations on Big Tech firms: Govt
The government has no plans to impose any hard set of regulations on Big Tech players like Google, Apple, Amazon and Microsoft. Senior officials told FE that only competition-related issues, whenever they emerge, will be looked at by the government because it does not want to stifle innovation by getting into micro issues like algorithms, which are key to the development of ecosystem by technology players.
The government approach would be to look into anti-competitive practices on a case-by-case basis rather than drafting an omnibus legislation aimed at regulation.