Latest News | IT Ministry to Meet Industry Bodies over Draft Digital Competition Law on Thursday

New Delhi, Jun 11 (PTI) The IT Ministry has scheduled a meeting with industry associations on Thursday to discuss their views on the draft Digital Competition law that has witnessed startups clash with tech giants in a pitched battle over certain provisions.

The meeting will be chaired by the IT Secretary S Krishnan.

Also Read | List of Prime Ministers of India: From Jawaharlal Nehru To Narendra Modi, Know Brief History of All Leaders Who Held PM Post.

"Numerous representations are being received from industry associations on the draft digital competition Bill, raising serious concerns regarding the impact of the proposed Bill on data and digital markets," the IT Ministry said in its meeting notice, seen by PTI.

Senior officials of the Ministry of Corporate Affairs and Competition Commission of India (CCI) are likely to attend the meeting.

Also Read | Congress Passes Resolution to Make Rahul Gandhi Leader Of Opposition in Lok Sabha: What is LoP? What Are the Privileges Associated With the Post? All You Need to Know.

A source said another meeting has also been scheduled for June 18, when the IT Ministry officials will interact with various companies on the issue.

The discussion comes at a time when the battle lines are drawn within the industry over provisions of the draft bill.

It may be recalled that prominent names like Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy wrote to the government recently in support of 'ex-ante' regulations that they said could potentially be a "game-changer" for the Indian startup ecosystem.

These Indian startups had urged the MCA to move forward with the bill "at the earliest" even as they accused the big tech players of often indulging in delay tactics.

Put simply, the 'ex-ante' provision aims to ensure that the behaviour of large digital enterprises is proactively monitored and that the CCI intervenes before instances of anti-competitive conduct could transpire.

Currently, the Competition Act primarily envisages an 'ex-post' framework of intervention, wherein the CCI intervenes after the occurrence of anti-competitive conduct.

Matrimony.com and Sharechat were among four companies that had also penned a letter to the Ministry of Corporate Affairs (MCA), saying they do not agree with the submissions on the draft digital competition bill made by industry association IAMAI of which they are members.

IAMAI's submission, they claimed, is not reflective of the entire digital startup ecosystem or its diverse membership of over 540 companies.

The startups argued that while only a small fraction of members opposed the 'ex-ante' provisions introduced by the Draft Digital Competition Bill (DCB), the submission made by the association (IAMAI) had predominantly echoed "this minority perspective".

Any opposition to 'ex-ante' regulations and continuation of the 'ex-post regime' will allow entrenched players to "continue exploiting regulatory gaps to stifle competition and innovation, they had contended.

The letter sent to Corporate Affairs Secretary Manoj Govil was signed by Murugavel Janakiraman, Founder and MD of Matrimony.com; Vishnu Moha, Co-founder of Hoichoi; Morgan Cauvin, Head, Government Relations, India and Europe, Middle East, Africa, Match Group; and Manohar Singh Charan, Chief Financial Officer, Sharechat.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)