Competition Commission of India (CCI) chairman Ravnit Kaur says India has completed the preparation of a regulatory framework under its new Competition Reform Act.
Publish dateThursday 23 May 2024 - 11:48
India's Attorney General R Venkataramani said free markets can only function with government-created safeguards such as competition regulations.
He emphasized the necessity of coexistence between the free market engine and social interests.
He said the newly created regulatory framework introduced "settlements and commitments, transaction value thresholds for notifying mergers and cartels on the statute book and an innovative Leniency Plus concept designed to address the complexities of modern markets and business practices."
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Source : news agency wam
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