Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

The Union Cabinet has cleared the Competition (Amendment) Bill, 2022, and is set to table it in the ongoing Monsoon session of Parliament. The Bill aims to bring in more flexibility, agency, and accountability to the Competition Commission of India (CCI). Here’s a look at the salient changes that the Bill may usher in.

What are the changes being proposed?

Established in October 2003, the CCI is a regulatory authority tasked with checking and eliminating business practices that may harm competition. In the process, the CCI also protects the interest of consumers and ensures freedom of trade in Indian markets.