Key Points
The Competition Commission of India (CCI) is bolstering its toolkits and plugging enforcement gaps to ensure digital markets dont distort fair trade practices and a handful of such platforms dont abuse their market dominance, chairperson Ravneet Kaur said on Thursday...
Delivering the inaugural speech at a two-day conference of the competition authorities of BRICS members in the national capital, Kaur called for sharing of experiences to make sure digital markets remain competitive and contestable...
Keeping with New Delhis stepped-up focus on the concerns of developing countries, which was also reflected in the recent G20 leaders conference under Indias presidency, Kaur said: Owing to our shared socio economic context, this network (BRICS competition authorities) has also given us valuable opportunity to view competition governance through the lens of the Global South...
She said under the memorandum of understanding among competition authorities of the BRICS grouping, the working groups in the automobile, digital, food and pharmaceutical industries have accomplished a deeper understanding of these markets and competition policy responses in the sectors...
As the regulators huddle to discuss various issues over the course of the two-day conference, Kaur said it is useful to have a conversation on what guides the choice of instruments, and why and in which specific cases and context the authorities would prefer soft law enforcement mechanisms vis-a-vis legally binding force of law...
