Q: What is Digital Competition Law?
A: Digital Competition Law refers to the legal framework that addresses competition-related issues in digital markets. It aims to ensure fair competition and prevent anti-competitive practices in online platforms and spaces where goods, services, or data are exchanged electronically.
Q: Why is Digital Competition Law important?
A: Digital markets have unique characteristics that can lead to rapid market dominance by a few players, potentially harming competition and consumers. Digital Competition Law is essential to maintain a level playing field, promote innovation, and protect consumers' interests.
Q: What are some examples of anti-competitive practices in digital markets?
A: Examples of anti-competitive practices in digital markets include self-preferencing by platforms, tying and bundling of products or services, discriminatory practices that favor certain participants, and exclusive agreements that limit competition.
Q: Who enforces Digital Competition Law in India?
A: In India, the Competition Commission of India (CCI) is responsible for enforcing competition law, including matters related to digital markets and anti-competitive practices.
Q: What is the role of the Digital Competition Law Panel appointed by the Ministry of Company Affairs?
A: The Digital Competition Law Panel is an inter-ministerial committee tasked with studying and proposing changes to competition law in the context of digital markets. It aims to address the unique challenges posed by digital platforms and recommend measures to ensure market efficiency and fair competition.
