Competition Act

Competition Amendment Bill 2022 passed by Lok Sabha amid pandemonium

The Lok Sabha on Wednesday passed the Competition Amendment Bill 2022 without discussion amid vociferous protests by Congress-led opposition, which sought a probe in the Adani matter

Compensation likely in settlement cases in revised Competition Bill

Legislation likely to be introduced in ongoing Budget session of parliament

16-member panel set up to draft Digital Competition Act within 3 months

Panel comprising civil servants, experts will study if Competition Act, 2002 enough to deal with new digital economy

New competition law likely to open up settlement route for cartels

The proposed law however is not clear still on whether an application for settlements and commitments requires an admission of guilt

India's new competition law may dampen digital innovation: Big Tech

Meta, Amazon, Twitter, Google and other Big Tech companies have raised questions on the digital competition law recommended by the Parliamentary Standing Committee on Finance

CCI likely to appeal against NCLAT order in DLF matter: Sources

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices

Gatekeepers of digital markets

Dominant digital markets as gatekeepers, a sort of front-line regulator, is a turning point in competition law enforcement

Competition (Amendment) Bill: Panel wants annual review of deal valuations

Proposed Settlement and commitment mechanism

Parliamentary panel suggests changes to Competition (Amendment) Bill

A Parliamentary panel on Tuesday recommended various changes to a bill to amend the competition law, including bringing cartels under the scope of settlements as a "pragmatic recourse". In its report tabled in the Lok Sabha, the Parliamentary Standing Committee on Finance also said the "current prima-facie opinion timeline and that of passing the order for approval of combinations, should remain unchanged". Under the Competition (Amendment) Bill, 2022 that was introduced in the Parliament on August 5, the corporate affairs ministry has proposed reducing the timeline for CCI to form a prima-facie opinion on a case to 20 days from 30 days. Also, it has proposed cutting down the timeline for approval of combinations to 150 days from 210 days. In this regard, the committee said that apprehensions were raised by the Competition Commission of India (CCI) and stakeholders that it will put the authority in a difficult and onerous position. "The committee is of the opinion that reducing th

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add

Balancing innovation and fair play needed: CCI chairman Ashok Kumar Gupta

We need to be sensitive to market demand while approving proposed acquisitions.

SC clears decks for CCI probe into WhatsApp's 2021 privacy policy

The apex court cleared the decks for the regulator to further probe and reach finality in the case it initiated in March 2021 against WhatsApp for alleged abuse of dominance

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

WhatsApp privacy policy in place; probe must go on: CCI to High Court

Appeal was against earlier order refusing to stay CCI probe into WhatsApp's new privacy policy

Big M&As of digital businesses likely to come under CCI ambit soon

Several important deals in the digital space, like the Facebook-WhatsApp merger, have escaped CCI scrutiny due to current regulations

CCI decides not to pursue case related to Amazon Seller Services

The regulator had taken suo moto cognisance of the matter after a report stated that 'Amazon copied products and rigged search results to promote its own brands, documents show'

Ports' right to bar imports needs review

The advisory applies to all terminals operated by APSEZ and third-party terminals at any of its 13 domestic ports in seven maritime states. This decision raises a number of issues

Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer

The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out

Govt proposes amendments to competition law; seeks comments on the Bill

The draft bill to amend the Competition Act, 2002, has been made public more than six months after an expert panel suggested sweeping changes to the law

Centre to tweak competition law and tune it with new-age digital economy

NITI Aayog Vice-Chairman Rajiv Kumar highlighted the need for the CCI to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate