Business Standard

Centre to tweak competition law and tune it with new-age digital economy

NITI Aayog Vice-Chairman Rajiv Kumar highlighted the need for the CCI to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate

Ruchika Chitravanshi 

Amendments to the Competition Act, which were long overdue, are finally on the horizon. After close to a decade, the Centre is taking steps to tweak the law in tune with the new-age digital economy, while also easing provisions to reduce the burden of litigation.

Together, they should serve to create a more business-friendly regime. NITI Aayog Vice-Chairman Rajiv Kumar recently highlighted the need for the Competition Commission of India (CCI) to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate. Though ...

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First Published: Sun, October 27 2019. 23:03 IST
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