Standing Committee on Finance to discuss big tech firms’ practices Thursday
The Standing Committee on Finance has called a meeting on Thursday to discuss issues concerning anti-competitive practices by big tech companies like Google, Facebook and Twitter.
In the day-long meeting, as per the schedule posted on the Lok Sabha website, the parliamentary panel will be hearing views of hospitality, restaurants and travel agents associations on the subject ‘Anti-Competitive Practices by Big-tech companies’.
The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject.
In the third session, the representatives of digital media and newspaper associations will depose before the panel.
The agenda papers for the sitting have already been mailed to the members and the same have been uploaded on members portal, it added.
Earlier this year, the panel had held a series of meeting on the subject with various stakeholders, including the regulator Competition Commission of India (CCI), Ministry of Corporate Affairs and Ministry of Electronics and Information Technology.
Representatives of Google, Amazon, Facebook, Twitter and others too were summoned by the panel.
The CCI Act was initiated in 2002 and last amended in 2007. A bill to amend the Act is also under consideration wherein provisions are likely to be introduced to deal with anti-competition practices of tech giants.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
