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.
Digital Competition Bill
Denne historien er fra December 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
It's slow going at Indiamart
THE B2B PLATFORM IS WORKING TO STABILISE OPERATIONS
Eliminates odour, cleans indoor air in a jiffy
● Ideal for bedrooms, offices, or small living areas
'Consumers prioritise value, want devices tailored to their needs'
BenQ, one of Taiwan's biggest electronics firms, sees immense scope for its monitors, projectors, and education-focused flat panels in India.
GOVO GOBUDS SPORT: Comfortable fit for long sessions
These earbuds have low latency and a strong battery
Has the 'Indian' car brand come of age?
● Consumers are no longer hung up on global badges
Get more interest money on EPF claim
● Claims will now be accepted throughout the month
Empowering educators by harnessing GenAI tools
In 2024, there was also rising demand for AI-skilled talent across non-tech sectors such as retail and manufacturing. Hiring sentiments for jobs that require one to at least interact with GenAI tools irrespective of the sector will continue to soar in 2025
Overlapping lending: Banks urge RBI to extend deadline
BANKS HAVE REQUESTED the Reserve Bank of India (RBI) to extend the timeline for adhering to new guidelines that prohibit overlapping lending activities between banks and their group entities.
China's Nio unveils $108,000 EV
CHINESE ELECTRIC CAR maker Nio started sales of its most expensive car as it seeks to double deliveries in 2025 and eventually become profitable.
Musk's Trump trade makes Tesla a winner with $570-billion rally
EARNINGS, REVENUE EXPECTATIONS PLUNGE
