The Parliamentary panel on Finance recently submitted a report called the “Anti competitive practices by Big Tech”. In the report, the panel has identified many anti competitive practices and has suggested some big changes that could make the market more efficient, transparent and address the “power imbalance” between big tech companies and users.
It lists 10 points which it says are anti competitive, broadly categorized into three things -- how big tech operates on a day to day basis, how data is used and how to make Competition Commission of India (CCI) more effective.
The report doesn’t exactly paint a pretty picture of how big tech run their day-to-day ops -- it seems to have issues with deep discounts, how data is used and managed, how payments are made etc... what is the report saying?
In this podcast, K R Srivats, Senior Deputy Editor, businesslines explains the report.
Read the full story here.
Tune in to BL Podcast for more such stories.
businessline Podcast is a daily series of podcasts from The Hindu businessline newspaper. In this series, we take a look at news that matter from around the world and stories to provide quick, critical analysis. Our reporters, analysts and experts provide context to help you understand what happened, why is it important and how it impacts you. Listen in as we decode a wide range of topics from politics, policy, Indian economy and the world of business.
--- Send in a voice message: https://anchor.fm/business-line/message