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A government-appointed panel has proposed ex-ante regulations for large digital enterprises to curb any possible anti-competitive business practices. The Committee on Digital Competition Law (CDCL) came out with its report and draft legislation on Tuesday and has sought public comments. The panel was set up in February last year following a Parliamentary panel proposing to have a new digital competition law to curb anti-competitive practices in the digital markets. Among others, the committee has suggested an agile and principle-based framework for ex-ante obligations under the draft competition bill. Vaibhav Choukse, Partner at JSA Advocates & Solicitors, said the committee has recommended the "ex-ante legislation for pre-identified large digital enterprise i.e., big techs, with significant presence to proactively monitor their behaviour in the market".
Seafood and aquaculture firm King's Infra Inventures on Monday launched a digital platform 'SISTA360', that provides transparent, traceable and profitable solution for the entire acquaculture value chain. On its digital platform, the Bengaluru-based acquaculture startup provides sustainable protocols, quality inputs and one-stop solution to people engaged in the acquaculture business. "While the aquaculture sector has been relatively untouched thus far, I firmly believe that it holds immense potential to propel India toward its 10 trillion-dollar economic goal," Lok Sabha MP from Kerala N K Premachandran said at the launch. With SISTA360 services, King's Infra Ventures Chairman and Managing Director Shaji Baby John said, "I hope farmers will start on a new blue revolution. With only five per cent of natural resources been used, there is scope for growth in acquculture." Aquaculture farmers are a backbone of this sector, while processors and hatchers are accessories. "Unless farmers
British lawmakers have approved an ambitious but controversial new internet safety law with wide-ranging powers to crack down on digital and social media companies like TikTok, Google, and Facebook and Instagram parent Meta. The government says the online safety bill passed this week will make Britain the safest place in the world to be online. But digital rights groups say it threatens online privacy and freedom of speech. The new law is the UK's contribution to efforts in Europe and elsewhere to clamp down on the freewheeling tech industry dominated by US companies. The European Union has its Digital Services Act, which took effect last month with similar provisions aimed at cleaning up social media for users in the 27-nation bloc. Here's a closer look at Britain's law: WHAT IS THE ONLINE SAFETY LAW? The sprawling piece of legislation has been in the works since 2021. The new law requires social media platforms to take down illegal content, including child sexual abuse, hate sp
More than 200 exhibitions and conventions have been planned at the India International Convention and Expo Centre (IICC) - Yashobhoomi - at Dwarka here in the next two years, a senior government official said on Tuesday. The focus sectors of these events would be digital innovation, hospitality, entertainment, healthcare, automobile, infrastructure, travel and tourism, and smart manufacturing. Kinexin Convention Management Pvt Ltd, a consortium of Korea International Exhibition Centre (KINTEX) and eSang Networks Company Ltd, are holding marketing initiatives all over the world to attract events at the centre, which was inaugurated by Prime Minister Narendra Modi on September 17. KINTEX has been appointed as the operator for exhibition and convention centre for managing the venue for 20 years. Modi unveiled the Rs 5,400-crore Phase 1 of the IICC on Sunday. He also inaugurated the extension of the Delhi Metro's Airport Line which now terminates at YashoBhoomi Dwarka Sector 25 ...