Charges against Big Tech include violating privacy & promoting paid-for content. They have responded with vigorous defence & aggressive lobbying, but also with changes to business models.
In report tabled Thursday, standing committee on finance emphasized need for strengthening anti-competitive laws to ensure level playing field for smaller digital players.
Big tech firms have confirmed hiring pauses, Zuckerberg has hinted at layoffs and small companies have begun cutting down jobs, all citing economic trends, macroeconomic environment.
Getting tech giants to share revenue for news content is an 'important issue' & 'needs to be tackled legislatively', Union minister Rajeev Chandrasekhar said Saturday.
The theory that banning big tech companies from making acquisitions would stimulate competition is dubious. Mergers and acquisitions are typically a spur to efficiency, not a barrier.
Technology companies like Google, Facebook, Twitter or Amazon are under increased scrutiny and regulatory pressure of the Modi govt. They need an insider in power corridors.
With the ongoing conflict at the Red Sea, India needs to take a long-term view of the PLI scheme and its ambition to emerge as a hub of shipping containers.
Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.
For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.
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