Q. The purpose of designating some companies as Systemically Significant Digital Enterprises (SSDEs) is to:

[A] Promote innovation among large tech companies

[B] Increase tax revenue from digital businesses

[C] Regulate dominant digital platforms and prevent anti-competitive practice

[D] Encourage foreign investment in the digital sector

Answer: C
Notes:

Explanation – The designation of certain companies as Systemically Significant Digital Enterprises (SSDEs) is primarily aimed at regulating large, dominant digital platforms and preventing anti-competitive practices in the digital economy. This classification is typically part of broader efforts to ensure fair competition, protect consumer interests, and maintain market integrity in the rapidly evolving digital landscape. SSDEs are usually large tech companies with significant market power and influence over digital ecosystems.

Source: The Hindu

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