Authorities to have interaction trade leaders in key talks on draft digital competitors invoice 

Trade stakeholders, together with Large Tech, are set to voice their ‘critical issues’ on the Draft Digital Competitors Invoice (DCB) at a MeitY convened assembly right here on Tuesday.

This assembly, which was earlier scheduled for June 13 however postponed on the final minute, is anticipated to be chaired by Ministry of Electronics and Data Know-how (MeitY) Secretary, sources mentioned.

This assembly assumes significance as Large Tech are against introduction of any ex-ante framework beneath DCB because it might have potential detrimental impact on innovation and investments. Nonetheless start-up neighborhood largely is in favour of DCB as it is going to create a degree taking part in area for them within the digital ecosystem.

CCI illustration

In addition to trade associations akin to IAMAI, ICEA, ADIF and DNPA, Tuesday’s assembly can also be anticipated to be attended by Competitors Fee of India (CCI) Chairperson Ravneet Kaur and high MCA official amongst others, sources added.

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Principally these trade associations and representatives that had expressed their issues concerning the DCB have been invited for Tuesday’s assembly, it’s learnt.

Ministry of Company Affairs (MCA), which was the nodal ministry driving the deliberations on DCB and had arrange a 16-member Committee on Digital Competitors Legislation (CDCL), had fastened Might 15 because the final date for receiving feedback on the report of CDCL and the draft Invoice ready by this committee.

DCB has proposed an ex-ante legislation for digital markets to manage enterprises which have a big presence in India. The ex ante measures in type of DCB was supposed to enhance the ex-post framework beneath the Competitors Act 2002.

Combined views

The MCA is known to have obtained blended views on the CDCL and draft DCB from gamers within the digital sector. 

India’s digital financial system is anticipated to the touch $1 trillion mark by 2027-28, based on Authorities estimates. 

Indications are that the Centre won’t look to introduce DCB within the upcoming Parliament session. 

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Already, a US foyer group representing tech giants akin to Google, Amazon, and Apple has urged India to rethink its EU-like ex-ante strategy focussed digital competitors legislation.

The US-India Enterprise Council, a part of the US Chamber of Commerce, had reportedly written to MCA expressing issues over the DCB.