Business Standard

Thursday, December 19, 2024 | 10:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Govt plans 'leniency plus' regime for strict probe into cartels: Report

The central government is planning to introduce a "leniency plus" programme in a bid to encourage companies, under investigation for one cartel, to report other cartels that are not known to the CCI

Photo: PTI
Premium

Photo: PTI

BS Web Team New Delhi
The central government is planning to introduce a “leniency plus” programme in a bid to encourage companies, under investigation for one cartel, to report other cartels that are not known to the competition regulator, BusinessLine reported on Monday.

The “leniency plus” programme — a new cartel detecting tool — under the recent Competition (Amendment) Bill 2022 was introduced in the Lok Sabha during the recently concluded Monsoon Session, Competition Commission of India (CCI)'s Chairperson, Ashok Kumar Gupta told BusinessLine.

“Our experience of enforcing leniency regime has been encouraging so far and has helped CCI in uncovering cartels through this route. The

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in