Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Cabinet approves downsizing of Competition Commission of India


Note4students

Mains Paper 2: Polity | Statutory, regulatory & various quasi-judicial bodies.

From UPSC perspective, the following things are important:

Prelims level: Competition Commission of India (CCI)

Mains level: Various quasi-judicial bodies and their functioning


Going on with “minimum government-maximum governance”

  1. The cabinet has cut the number of members appointed by the central government in Competition Commission of India (CCI)
  2. This move will check government interference in the working of the anti-trust regulator

Change in structure

  1. The government approved rightsizing the CCI from one chairperson and six members (totaling seven) to one chairperson and three members (totaling four)
  2. The move is expected to stimulate the business process of corporates and generate job opportunities by speeding up hearings and approvals

Back2Basics

Competition Commission of India (CCI)

  1. Competition Commission of India is a statutory body of the Government of India
  2. It is responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India
  3. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Merger and acquisition), which causes or likely to cause an appreciable adverse effect on competition within India
  4. It is the 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 in the markets of India
  5. CCI consists of a Chairperson and 6 Members (now 4) appointed by the Central Government
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