Penalty to be levied on tech giants breaking digital market rules

If the preliminary discussions in government lead to a planned new law, digital economy giants may risk penalty for violating the proposed behavioural norms, reported Livemint. These norms are intended to ensure that digital markets stay competitive and established corporations do not abuse their position.

According to a person familiar with government deliberations on the matter, two parliamentary standing committees have examined the need for such “dos and don’ts” for businesses in the digital economy, and discussions for a Digital Markets Act, which would prescribe the behavioural norms, are ongoing.