CCI’s action against rules violation in digital market to be 'evidence-based & proportionate': Chairperson Ravneet Kaur
CCI Chairperson Ravneet Kaur emphasized that the regulator's enforcement against antitrust violations in the digital market will be evidence-based and proportionate. The CCI is proactively adapting its regulatory tools to address the complexities ...

Kaur underscored how the “first-mover advantage” in the digital market gets concretised very quickly, giving rise to competition issues. So, the regulator has adopted an approach where it will curb such anti-competitive conduct with proportionate regulatory action so that innovation in this space isn’t stifled, she indicated.
Kaur was speaking at the 16th annual day function of the CCI in the national capital.
The government is in the process of bringing in a digital competition law to regulate mainly large players that have huge sway over the markets.
The CCI, she said, is undertaking market studies on artificial intelligence and competition.
“So, the intention of the commission is that we have to have insights from these studies and through our stakeholder engagements, as to what are the regulatory tools which need to be employed, and what are the potential competition issues which may arise,” she said.
The Commission’s approach has been forward-looking and is shaped by enforcement, advocacy and institutional capacity building, she suggested.
“It is also been proactive in recalibrating its regulatory tools and frameworks to respond effectively to the complexities of digital markets, globalization and evolving business models,” she said.
She said the antitrust regulator has so far cleared 1,265 combination proposals of 1,284 that it has received.
‘Developed India by 2047’ goal
“Our vision is very closely aligned to that, because competitive markets are the foundation on which this pillar of an economy can be built,” she said.
She underscored the regulator’s commitment to upholding the principles of fairness, inclusivity and transparency in all its endeavors.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.