CCI gives effect to antitrust schemes.

Syllabus: GS-II, Subject: Polity, Topic: Institutions, Issue: Competition Commission of India

Context: The Competition Commission of India (CCI) gave effect to two schemes.


Two schemes:

  1. Offer negotiated settlements in antitrust cases
  2. Accept commitments from businesses for change in their behaviour.

Competition Commission of India:

  • It is the chief national competition regulator in India.
  • It is a statutory body under Competition Act, 2002
  • Aim: To promote competition and prevent activities that have adverse effects on competition in India.
  • Composition: Chairperson and six Members appointed by the Central Government.
  • Power to impose penalties on businesses that violate the Competition Act.

Key Functions:

  • Investigates anti-competitive agreements between businesses, such as cartelization and bid rigging.
  • Prohibits abuse of dominant position by enterprises.
  • Regulates mergers and acquisitions (M&As) that could cause harm to competition.
  • Advocates for competition, promotes awareness about competition law and enhance consumer welfare.
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