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

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 alteration to the threshold of “deal size” — a parameter for