Contents
General Knowledge Quiz
India’s Proposed Digital Competition Bill: Regulating Big Tech
India’s Proposed Digital Competition Bill aims to regulate Big Tech, ensuring fair competition and consumer protection.
Key Points :
- Background: Committee on Digital Competition Law (CDCL) recommends an “ex-ante” framework for proactive regulation of digital markets.
- Ex-Ante vs. Ex-Post: Proposed system aims to prevent anti-competitive practices before they occur, unlike the reactive approach of the current Competition Act.
- Digital Market Challenges: Network effects and economies of scale can lead to dominant players, requiring preventative measures.
- Key Provisions: The draft bill, similar to the EU’s Digital Markets Act, focuses on large digital players defined by financial strength and user base in India.
- Regulations for “SSSDs” (Systemically Significant Digital Enterprises): Fair operation, non-discrimination, openness, and restrictions on self-preferencing and data misuse.
- Mixed Reactions: While some startups favor the bill, others fear stifling innovation and harming smaller businesses. Debate centers on implementation and potential impact, that’s it for first general knowledge quiz facts.
PM Modi Receives Russia’s Highest Civilian Honor
PM Modi receives Russia’s highest civilian honor, marking a significant recognition of his leadership and contributions.
Key Points :
- Order of St. Andrew the Apostle: Prestigious award bestowed upon Prime Minister Narendra Modi by President Putin.
- Significance: Recognizes Modi’s contribution to strengthening India-Russia relations.
- Historical Context: Established in 1698, the Order honors exceptional service for Russia.
- Future Outlook: Modi emphasizes importance of the India-Russia partnership for global stability.
- Strategic Importance: Award reinforces strong diplomatic ties between the two nations, that’s it for second general knowledge quiz facts.
