Digital Competition Law unlikely before second half of FY26
digital competition law to regulate large players is unlikely to be finalised before the second half of the next fiscal, as the government intends to have comprehensive inter-ministerial consultations due to the complexity of the subject matter, people aware of the development said.
The idea is to bring in such a law that would neither stifle innovation nor make compliances onerous but ensure that large players don't take advantage of their dominant positions to distort competition in the market, one of the officials involved with shaping the formal policy ET. «So, it would take some time,» the person added.
Also, the corporate affairs ministry is currently focused on amending the insolvency and companies laws first, on top of scaling up the PM Internship Scheme.
A panel led by then corporate affairs secretary Manoj Govil had in March suggested a new antitrust law with an ex-ante framework to regulate large digital players, leaving out small players, including start-ups, from its ambit to ensure innovation by them isn't hampered.
Ex-ante regulations usually aim to disallow certain practices from being pursued. Under the existing ex-post framework, violations of the competition law are investigated after they take place.
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