![KEEPING WATCH](https://cdn.magzter.com/Business Today/1670496701/articles/a1rAbZiiQ1671170266063/KEEPING-WATCH.jpg)
“FAIR COMPETITION FOR the greater good.” The motto of the Competition Commission of India CCI) makes obvious the responsibility the institution is entrusted with— make India a fair playground for doing business. Established in 2003, India’s competition watchdog took its time to evolve, learn from its mistakes, and emerge as a confident institution that not only leaves no stone unturned in creating a fair’ business environment in a developing country like India, but also set benchmarks for India Inc.in terms of fair practices.
The initial journey was rough. Initial orders were overturned in the appellate tribunal as there were alot of procedural lapses on fairness and due process issues. CCI was admonished quite a few times; there was a rap on the knuckles from the writ courts for not following proper procedure,” says Anisha Chand, Partner in the competition and antitrust practice group of law firm Khaitan Co. As CCI learnt from its mistakes, the number of decisions that were reversed and sent back for rehearing or reinvestigation started to fall. This phase also witnessed courts becoming much more familiar with domestic competition laws. The quality of decision-making in the second phase improved drastically,” says Chand.
Objectives that top the agenda of CCI include preventing practices that harm competition, promoting and sustaining competition in markets, protecting interests of consumers, and ensuring freedom of trade. Ever since CCI got legal powers in 2009, the general sentiment among the business community was that another mother-in-law had arrived on the scene,” recalls Ashok Chawla, who was CCI chairman in 2011. It has been very much a work in progress and worldwide it has been observed that an economic regulator takes time to settle down, sometimes 20-25 years.”
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![Pension Scheme - Safety Net](https://reseuro.magzter.com/100x125/articles/161/1831008/fIuTHDEfK1726558275216/crp_PENSION-SCHEME-SAFETY-NET.jpg)
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
![The Reit Choice?](https://reseuro.magzter.com/100x125/articles/161/1831008/Nfa3R-NRC1726557090976/crp_THE-REIT-CHOICE.jpg)
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
![CORPORATE - Calling to Account](https://reseuro.magzter.com/100x125/articles/161/1831008/FLt20Zyky1726558633598/CORPORATE-CALLING-TO-ACCOUNT.jpg)
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
![EMPLOYMENT: Skills Push](https://reseuro.magzter.com/100x125/articles/161/1831008/uEP3pPptc1726558556255/EMPLOYMENT-SKILLS-PUSH.jpg)
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
![Building on a Vision](https://reseuro.magzter.com/100x125/articles/161/1831008/LhpDetTrm1726558110845/BUILDING-ON-A-VISION.jpg)
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
!["KYS more important than KYC"](https://reseuro.magzter.com/100x125/articles/161/1831008/g-ofusUAV1726558043250/KYS-MORE-IMPORTANT-THAN-KYC.jpg)
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
![ROXX STAR](https://reseuro.magzter.com/100x125/articles/161/1831008/PnTy8wGSF1726557880308/ROXX-STAR.jpg)
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
![HIT THE GROUND RUNNING](https://reseuro.magzter.com/100x125/articles/161/1831008/ccK6OeC3o1726557534046/HIT-THE-GROUND-RUNNING.jpg)
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
![TURNING THE TABLES](https://reseuro.magzter.com/100x125/articles/161/1831008/F48n1QIel1726556380676/TURNING-THE-TABLES.jpg)
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
![THE EVOLUTION OF ATHERA](https://reseuro.magzter.com/100x125/articles/161/1831008/-5TvGaP9-1726555381516/THE-EVOLUTION-OF-ATHERA.jpg)
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS