Google Meta might have to Pay for News if India Introduces a New Rule for Major Tech Firms

India is exploring the implementation of a new regulation to ensure fair transactions between large technology corporations and news publishers. This plan is inspired by steps enacted by Australia and other nations to make firms like as Google and Meta to compensate for utilizing news content on its platforms.

According to reports, this proposed law would be in addition to the planned Digital Competition Bill, which has previously undergone public discussions.

In 2022, a parliamentary standing committee on finance led by Jayant Sinha proposed regulating reforms to assist news publishers in securing fair and transparent deals with important tech giants.

However, it was removed from the Digital Competition Bill, which was drafted by the Ministry of Corporate Affairs. This Bill attempts to develop criteria for large technology corporations to foster fair competition in digital marketplaces, according to the article, which cites previously cited sources.

According to a source, the Ministry of Information and Broadcasting is considering a proposal to provide an equal playing field for news aggregators and publishers. The notion of developing a distinct legislation is being considered." The Ministry of Information and Broadcasting is looking into Australia's news media bargaining code as well as comparable impending rules in other nations.

The mere existence of a regulation has forced Big Tech to negotiate with news publishers in countries where these frameworks exist, for fear of being penalized for abusing their position if a complaint is filed. As a result, digital news publishers' profits have increased dramatically.