Syllabus: Governance Source: TH Context: The Competition Commission of India (CCI) imposed a ₹213.14 crore fine on Meta for abusing its dominant position, highlighting the growing global scrutiny of digital giants for anti-competitive practices and data exploitation. What are Digital Giant Companies? Definition: Digital giants are large technology companies that dominate global markets through data-driven …
Facts for Prelims (FFP) Source: AIR Context: At the 15th Foundation Day event of the Competition Commission of India (CCI), the Attorney General of India highlighted the challenges digital markets pose for global competition regulators. About the Competition Commission of India: The Competition Commission of India (CCI) is a regulatory body established by the …
Facts for Prelims (FFP) Source: Economic Times Context: The Competition Commission of India (CCI) has achieved membership in the 18-member steering committee of the International Competition Network (ICN), a global body dedicated to competition law enforcement. The ICN includes 140 competition agencies and serves as an informal platform for antitrust authorities to foster regular …
GS Paper 3 Syllabus: Indian Economy Source: TH Context: The Lok Sabha on Wednesday cleared the Competition (Amendment) Bill, 2022 Aim of the Bill: Bring in greater regulation of corporates (particularly Big Tech firms) and promote and sustain competition in markets, protects consumers’ interest, and ensures freedom of trade for market participants. …
Continue reading “Competition (Amendment) Bill, 2022 passed in LS”
InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
Continue reading “[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 14 February 2023”
InstaLinks : help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …
Continue reading “[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 21 January 2023”
GS Paper 2 Syllabus: Statutory and non-statutory bodies Source: Live Mint Context: Government has introduced the CCI bill which will allow it to settle cases with businesses accused of anti-competitive practices, including abuse of their dominant positions. At present, the CCI is empowered to show leniency and give full exemption from penalty to a …
Continue reading “Empowering CCI for negotiated case settlements”
GS Paper 3 Topics covered: Effects of liberalization Context: An anti-trust case filed against Apple Inc for allegedly abusing its market position in the Indian economy. More on this news: Apple is instituting policies that forces developers to use its proprietary in-app purchase system This allegation is similar to what Apple faced in the …
Continue reading “Apple faces antitrust case in India over apps issue”
Introduction: With a view to update the Competition Act, 2002 and associated regulations, the Indian Government constituted the Competition Law Review Committee in October 2018. The Committee submitted its report to the Government on 14 August 2019. Based on the recommendations made in the Report, the MCA has introduced a draft Competition Bill, 2020 …
Continue reading “RSTV: THE BIG PICTURE- DRAFT COMPETITION COMMISSION (AMENDMENT) BILL 2020”
