Mar 15, 2023
The Competition (Amendment) Bill 2022 was recently passed by the Lok Sabha with the aim of promoting fair competition in the market and preventing anti-competitive practices. The bill was originally introduced in the lower house on August 5, 2022, and was referred to the Parliamentary Standing Committee on Finance, which was headed by Jayant Sinha. The panel made several recommendations that have been incorporated into the amended law passed by the lower house. The provision to penalise entities based on their global turnover could have a significant impact on tech companies, as it could lead to unfair and punitive outcomes and discrimination between enterprises.
World Consumer Rights Day was observed on 15 March. The day aims to raise awareness about the rights of consumers. The theme of the day this year is “Empowering consumers through clean energy transitions”. In India, the government passed the Consumer Protection Act, in....
