Union ministers Nirmala Sitharaman and Rajeev Chandrasekhar discussed various issues related to the digital competition law.

A panel chaired by Corporate Affairs Secretary Manoj Govil will be preparing a report on digital competition law, where it will examine various regulatory aspects in dealing with challenges emerging from the digital economy.

Sitharaman, who is in charge of finance and corporate affairs ministries, held a meeting with Chandrasekhar, the minister of state for electronics and technology as well as entrepreneurship and skill development.

"The two Ministers discussed in detail various issues on the 'Digital Competition Laws' and agreed that a 'Whole Government approach' should be adopted in the framing of provisions in this regard," the finance ministry says.

Meanwhile, the panel was set up by the corporate affairs ministry in February, less than two months after a Parliamentary panel proposed having a new digital competition law to curb anti-competitive practices in the digital markets.

In December 2022, the Parliamentary Standing Committee on Finance released a report recommending the government to introduce a Digital Competition Law aimed at addressing alleged anti-competitive practices by Big Tech companies.

The committee also suggested defining these companies as SIDIs based on their revenues, market capitalization, and the number of end users. The government then formed the CDCL, which was tasked with examining the need for a separate law on competition in digital markets.