fbpx

Competition Commission of India

  • IASbaba
  • January 16, 2023
  • 0
Governance
Print Friendly, PDF & Email

Context: Google has said that the order passed by India’s competition regulator — the Competition Commission of India (CCI) — against Android’s operating system policies will result in devices getting expensive in India and lead to proliferation of unchecked apps that will pose threats for individual and national security.

About Competition Commission of India:

  • The Competition Commission of India has been established to enforce the competition law under the Competition Act, 2002.
  • It comes under the Ministry of Corporate Affairs.
  • It should be noted that on the recommendations of Raghavan committee, the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed and replaced by the Competition Act, 2002.
  • The Commission consists of a Chairperson and not more than 6 Members appointed by the Central Government.
  • It is the statutory duty of the Commission to eliminate practices having an adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade carried on by other participants, in markets in India as provided in the Preamble as well as Section 18 of the Act.
  • The Commission is also mandated to give its opinion on competition issues to government or statutory authority and to undertake competition advocacy for creating awareness of competition law.
  • Advocacy is at the core of effective competition regulation.
  • Competition Commission of India (CCI), which has been entrusted with implementation of law, has always believed in complementing robust enforcement with facilitative advocacy.
  • It is a quasi-judicial body.
  • CCI also approves combination under the act so that two merging entities do not overtake the market.

The Competition Act

  • The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws.
  • The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.

Source: Indian Express

Previous Year Questions

Q.1) With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct?

  1. They can sell their own goods in addition to offering their platforms as market-places.
  2. The degree to which they can own big sellers on their platforms is limited.

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Q.2) With reference to the ‘Banks Board Bureau (BBB)’, which of the following statements are correct?

  1. The Governor of RBI is the Chairman of BBB.
  2. BBB recommends for the selection of heads for Public Sector Banks.
  3. BBB helps the Public Sector Banks in developing strategies and capital raising plans.

Select the correct answer using the code given below:

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

 

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Subscribe to our YouTube Channel HERE to watch Explainer Videos, Strategy Sessions, Toppers Talks & many more…

Search now.....

Sign Up To Receive Regular Updates