In order to greater regulation of e-commerce platforms and ensure that presence of etailers has no severe impact on local jobs, Corporate Affairs Minister Nirmala Sitharaman said that the government has proposed certain amendments to the Competition law. Sitharaman mentioned that the Competition Act Regulation Amendments will now bring in greater regulation. The cabinet has looked into it. This is one of the ways government is trying to regulate (e-commerce platforms).
The amendments to the law have been proposed as per the recommendation of the Competition Law Reviewing Committee, under the chairmanship of Corporate Affairs Ministry. Further, she said, on job loss, such kind of impacts have been assessed by the committee and action is being taken through various amendments suggested to the Act so that impact is not as serious.
Prior to setting up of the committee, Sitharaman said anti-trust watchdog Competition Commission of India (CCI) had made efforts to promote self-regulation through advocacy from January this year after looking into a complaint it had received in April last year.