The Competition Commission of India (CCI) on Thursday proposed amendments to improve the efficiency and structure of its penalty recovery process. Inviting comments by December 6, the CCI said the proposed changes target procedural clarity and effectiveness in recovering penalties levied for violations of the Competition Act, 2002. “Based on the experience gained during implementation … Read more
New Delhi: Companies could end up paying steeper fines for antitrust violations, as the central government plans to tweak the formula for calculating penalties under the Competition Act, said people familiar with the development. This tweak is likely to be part of the Competition Amendment Bill, which will be taken up by Parliament in its … Read more
To this effect, GoI has issued a draft ecommerce policy that seeks to create a regulatory environment to protect the misuse of data, thereby ensuring competition. Synopsis Antitrust regulators worldwide aim to strike a balance between enforcement and preserving the competitiveness of such markets, since adopting any quick-fix intervention measures could thwart innovation, thereby harming … Read more