BR100 Increased By (1.02%)
BR30 Increased By (1.68%)
KSE100 Increased By (0.98%)
KSE30 Increased By (1.06%)
AGHA 7.69 Increased By ▲ 0.23 (3.08%)
BECO 5.31 Increased By ▲ 0.04 (0.76%)
BML 61.23 Increased By ▲ 3.97 (6.93%)
BOP 36.00 Increased By ▲ 1.25 (3.6%)
CNERGY 11.25 Increased By ▲ 0.19 (1.72%)
CSIL 6.17 Increased By ▲ 0.34 (5.83%)
FCCL 56.88 Increased By ▲ 0.46 (0.82%)
FFL 16.51 Increased By ▲ 0.10 (0.61%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.42 Increased By ▲ 0.10 (1.37%)
KOSM 6.05 Decreased By ▼ -0.10 (-1.63%)
LOTCHEM 27.20 Increased By ▲ 0.08 (0.29%)
MLCF 103.09 Increased By ▲ 5.15 (5.26%)
NBP 207.63 Increased By ▲ 0.75 (0.36%)
NCPL 61.92 Increased By ▲ 5.50 (9.75%)
NPL 72.18 Increased By ▲ 6.41 (9.75%)
OGDC 318.49 Increased By ▲ 2.19 (0.69%)
PACE 11.06 Increased By ▲ 0.19 (1.75%)
PAEL 44.38 Increased By ▲ 2.08 (4.92%)
PIBTL 16.90 Increased By ▲ 0.12 (0.72%)
PPL 222.48 Increased By ▲ 1.79 (0.81%)
PRL 63.81 Increased By ▲ 0.16 (0.25%)
PTC 73.16 Increased By ▲ 1.34 (1.87%)
SSGC 27.25 Increased By ▲ 0.17 (0.63%)
TBL 9.88 Increased By ▲ 0.16 (1.65%)
TELE 8.81 Increased By ▲ 0.08 (0.92%)
TPL 20.34 Increased By ▲ 0.94 (4.85%)
TPLP 14.97 Increased By ▲ 0.19 (1.29%)
TREET 24.10 Increased By ▲ 0.70 (2.99%)
TRG 62.37 Increased By ▲ 0.96 (1.56%)
By

NEW DELHI: A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.

Citing increasing market power of a few big digital companies in India, a government panel in February proposed imposing obligations on them under a new antitrust law which will complement existing regulations whose enforcement the panel said is “time-consuming”.

India’s “Digital Competition Bill” is on the lines of EU’s landmark Digital Markets Act 2022. It will apply to big firms, including those with a global turnover of over $30 billion and whose digital services have at least 10 million users locally, bringing some of the world’s biggest tech firms under its ambit.

It proposes to prohibit companies from exploiting non-public data of its users and promoting their own services over rivals, and also abolish restrictions on downloading of third-party apps.

Comments

Comments are closed for this article.