CCI granted power to penalize tech companies based on global turnover

  • The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies with a strong business presence in India.
  • Any deals with a value over Rs 2,000 crore must be notified to the Competition Commission of India (CCI).
  • The CCI has been granted the power to penalize tech companies based on global turnover.

Via

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