Panel to weigh competition law for digital companies

The government set up a special committee on Monday to examine the need for a separate competition law for digital companies.

The move follows a recommendation by the parliamentary standing committee on finance on acting against anti-competitive behaviour in digital markets to prevent the formation of monopolies. The panel had also suggested digital competition legislation to ensure a fair, transparent and contestable digital ecosystem in the country and identification of systemically important digital intermediaries (SIDIs).