UNFAIR COMPETITION
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
CCI to shortly come out with changes to competition rules
The Competition Commission of India (CCI) is set to announce changes to competition rules, including those related to green channel approvals for mergers and acquisitions. The regulator is focusing on advocacy efforts and capacity building. The changes will also address dark patterns in e-commerce and algorithmic collusion, which could have competition implications.
Apple is first company charged under new EU competition law
Apple is facing intense regulatory scrutiny globally, with charges in the EU, legal battles in the US, and regulatory actions in Britain, signaling a turbulent period for the tech giant in various markets.
Canada considers imposing import tariffs on Chinese EVs
Canada is considering imposing import tariffs on Chinese-made electric vehicles (EVs). Deputy Prime Minister Chrystia Freeland stated on Monday that the government will seek the public's opinion on the matter starting July 2.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
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Citing overlaps, experts seek rejig of Digital Competition Bill
The ministry of electronics and information technology continued discussions on the digital competition bill with think tanks and industry bodies raising concerns about foreign regulation approaches. The impact on startups and overlap with existing laws were highlighted.
MeitY meets firms to review concerns on Digital Competition Law
Indian policymakers discussed the impact of the proposed Digital Competition Bill on data and digital markets at the MEITY meeting with industry representatives. Stakeholders had differing opinions on the regulations, with some supporting its provisions while others raised concerns about deterred investments.
G7 draft confronts China's 'unfair' business competition
The G7 nations are set to pledge action against Chinese financial institutions that aided Russia in obtaining weaponry for its war in Ukraine, according to a draft summit communique seen by Reuters. The draft, involving leaders from the UK, Canada, France, Italy, Germany, Japan, and the US, also promises sanctions against entities helping Russia evade oil sanctions through fraudulent transportation. The G7 leaders emphasized that entities supporting Russia's defense industry undermine Ukraine's sovereignty and pledged to restrict financial system access for individuals and entities in third countries, including Chinese ones, engaged in such activities.
MeitY to discuss digital competition bill draft with industry associations
The government is holding meetings to address concerns about the draft Digital Competition Bill, which proposes obligations for big tech companies in core digital services under a new category of systemically significant digital enterprises.
12 Lessons from Polls 2024
Lessons in governance and strategy for corporate India from the 2024 Elections and the formation of the third NDA government include the importance of competition, cooperation, feedback, communication, supply chain management, consumer knowledge, CEO dynamics, outsider directors, underdogs, and consistent performance.
HC seeks NTA's stand on plea concerning NEET answer key
The Delhi High Court has asked the National Testing Agency (NTA) to respond to a petition by an NEET-UG candidate regarding a question with two correct answers in the answer key. The petitioner argues that awarding marks to both correct options compromised fairness and seeks equal marks for those who did not attempt the question. The court will hear the matter next week.
Volkswagen plans cheaper battery model 'from Europe for Europe'
Volkswagen has announced plans for a cheaper electric model, priced around 20,000 euros ($21,800), to be introduced in 2027. The model will offer entry-level electric mobility from Europe for Europe. Volkswagen also plans to unveil a range of battery-powered cars for under 25,000 euros by the end of 2025, including two compact cars from its VW and Cupra brands, as well as two small SUVs from VW and Skoda.
Biden's China tariffs are the end of an era for cheap Chinese goods
Biden's decision this past week to codify and escalate tariffs imposed by Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographically concentrated manufacturing jobs. A single tariff rate embodies that closure: a 100% tax on Chinese electric vehicles, which start at less than $10,000 each and have surged into showrooms around the world but have struggled to crack government barriers to the U.S. market.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
Greenko Energies gets CCI nod to acquire additional stake in Sikkim Urja
CCI approved Greenko Energies' additional stake acquisition in Sikkim Urja Ltd, a special purpose vehicle for a 1,200 MW hydropower project in North Sikkim. The acquisition was part of promoting fair competition in the marketplace.
A clean technology trade war shows how empires fall
China produces 84% of the world’s solar modules and 86% of its lithium-ion batteries, as well as 67% of the nacelles that join wind turbines' blades to their towers, and 70% of electrolyzers for manufacturing green hydrogen.
Need time to study impact of proposed digital competition law, say tech policy advocacy groups
21 organisations urge a 5-month extension from the government for insights on the Digital Competition Bill draft, emphasizing the alignment of various regulations and the essential 'whole of government' approach.
Retailers body to seek govt intervention on POCO's business practices
The South Indian Organised Retailers Association is planning to approach the central government regarding POCO's business practices, alleging that the brand avoids supplying phones to mainstream channels. ORA claims that POCO's approach minimizes spending by favoring online and "illegitimate" channels, neglecting consumer experience and employment generation. They assert that POCO's actions harm legitimate sales channels and government revenue, calling for swift action to ensure ethical business conduct.
Govt extends deadline for comments on draft digital competition bill till May 15
It has also extended the deadline for submission of comments by stakeholders on the report of Committee on Digital Competition Law (CDCL). The initial deadline is to end on April 15. Earlier, the Ministry of Corporate Affairs (MCA) had invited comments of stakeholders on the report of CDCL as well as draft digital competition bill under e-consultation module by April 15.
China says its EV firms do not rely on subsidies to gain competitive advantage
Commerce Minister Wang Wentao defended China's electric vehicle industry against overcapacity accusations by the U.S. and Europe, emphasizing innovation and market competition. Discussions also involved the European Commission investigating potential unfair subsidies in the industry.
CCI conducting enquiries against some fintech entities: Chairperson Kaur
CCI Chairperson Ravneet Kaur disclosed ongoing investigations into fintech entities to examine their technology leveraging impact on competition, emphasizing the regulator's commitment to ensuring a competitive digital market. With an eye on big tech and various sectors, including film distribution, CCI aims to address market distortions, fostering innovation and economic growth
Penalty for unfair trade practices to be linked to global turnover
The CCI regulations followed a notification issued by the ministry of corporate affairs stipulating March 6 as the date for implementing the relevant provisions of the Competition (Amendment) Act 2023 that deal with the new monetary penalty regime.
CCI can now impose fines based on cos' global turnover
The Competition Commission of India can now impose penalties on companies based on their global turnover. The amendment is likely to have major implications on multi-product companies and those with global operations, leading to the use of settlements or commitments to avoid steep penalties.
US Supreme Court allows a court order to take effect that could cost Apple billions of dollars
Epic tried to offer an alternative way to get its mobile app, attempting to evade the developer fees inside the app store, which collects a commission of 15% to 30% on subscriptions and other digital transactions. Apple ousted Epic from its app store after it tried to get around restrictions that Apple says protect the security and privacy of iPhone users while also helping to recoup some of the investment that powers one of the world's most ubiquitous devices.
For too long India has put up with unfair competition...: EAM Jaishankar
EAM S Jaishankar emphasized India's need to confront unfair competition globally, stating the country should no longer tolerate it in the name of globalization. Speaking at the FICCI AGM, he highlighted India's shift from being considered the "back office" to the "pharmacy, designer, and producer of the world." Jaishankar showcased India's global impact through vaccines, 5G, UPI payments, and technological advancements like Tejas aircraft. Stressing on India's future, he urged readiness for challenges like electric vehicles (EV) and artificial intelligence (AI) in the next 25 years, urging a blend of nationalism and internationalism for continuous progress.
CCI probing Google, Apple for unfair business practices: chairperson Ravneet Kaur
The watchdog had ordered detailed investigations against Google with respect to its alleged abuse of dominance in the smart television segment and in the news content space. Further, the regulator had ordered an investigation against Apple for alleged anti-competitive practices with respect to its App Store.
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