look news india
New Delhi, 18 November (HS). The Competition Commission of India (CCI) on Monday imposed a fine of Rs 213.14 crore on social media company Meta. This fine was imposed for adopting unfair business practices in connection with the privacy policy update of WhatsApp in 2021.
In an order, the Competition Commission of India has imposed a penalty of Rs 213.14 crore on Meta for abusing its dominant position, CCI said in a statement issued to the ex-post. CCI has imposed a monetary penalty of Rs 213.14 crore on Meta Company for 2021 Privacy Policy Update. The regulator has also given instructions and specific behavioral measures to stop this.
Instructions given to stop anti-competitive behavior
The Competition Commission of India has directed Meta to cease and desist from anti-competitive behaviour. CCI, while passing the order against abuse of dominance, said that the fine is related to how WhatsApp’s 2021 Privacy Policy has been implemented, how user data was collected and shared with other companies in the market. Has been done
It is noteworthy that the Competition Commission of India is the main national competition regulator in India. It is a statutory body under the Ministry of Corporate Affairs. It is responsible for enforcing the Competition Act, 2002 to promote competition and prevent activities that adversely affect competition in India.