COMPETITION IS THE life force of a market economy. As the Competition Commission of India (CCI) completed 15 years of enforcement in 2024, it has won its place on the high table of key market regulators worldwide. Though relatively young, it has adjudicated more than 1,200 antitrust cases, keeping in view the specificities of each sector, market structure, nature of contraventions, in diverse sectors such as cement, airlines, automobile, banking, e-commerce, media and entertainment, pharmaceuticals, and manufacturing. It has also approved over 1,200 mergers and acquisitions (M&As), over 90% within 30 days, with nearly 115 transactions okayed under the "green channel" route.
2023 Act, 2024 effect This year saw the implementation of the Competition Act, 2023, and regulations envisioned in 2023. In January, the CCI brought into force the CCI (General) Amendment Regulations, 2024. It now allows a party to file an interlocutory application before the CCI in a case under Section 19 of the Competition Act, under conditions. Provisions have been brought in after the Act was amended in 2023 regarding: (a) leniency plus; (b) commitment and settlement; (c) penalty on global turnover and compensation; (d) time-bound decisions. The ministry of corporate affairs (MCA) also published draft rules on green channel, de-minimis, and draft exemption rules on March 11.
Esta historia es de la edición December 23, 2024 de Financial Express Pune.
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Esta historia es de la edición December 23, 2024 de Financial Express Pune.
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It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
ISRO to study how crops grow in space on PSLV-C60 mission
DEMONSTRATION OF SEED germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4, the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
Scott Boland & the 'stolen generation'
On Thursday, Boland will return to the MCG where he made the debut with a 6/7 dream spell against England at the 2021 Ashes
'If it is business as usual, Viksit Bharat by 2047 will not happen'
From people's perspective, overall affordability could become worse despite the inflation rate coming down. Excerpts:
26 members enter startup billionaire club in 2024
Fifty-year-old Supam Maheshwari, an IIM Ahmedabad alumnus, founded the online platform for babycare products FirstCry after selling an e-learning company that he had set up.
Smartphone exports set to top ₹1.70 L cr
THE SMARTPHONE INDUSTRY added exports worth ₹2.87 lakh crore during this period.
Broker strength falls 40% on compliance burdens
\"BECOMING AN AP allows us to retain our clients while earning commissions on brokerage revenues,\" he said.
AFTER HOURS
My vision is to transform the company into a multi-brand, multi-category FMCG powerhouse.
Sensible. Sustainable. Sensual
● All the luxury you need, at half the price of a luxury car & two times fuel efficiency
Language of market expansion
● A nascent market is growing on the back of local offerings