13 January, 2020
3 Min Read
Syllabus subtopic: Statutory, regulatory and various quasi-judicial bodies
Prelims and Mains focus: about the govt.’s move; M&As and their impact on competition in the market; about CCI and its functions
News: Global mergers and acquisitions (M&As) among technology giants that could disturb the competition landscape in India may soon require clearance from the Competition Commission of India (CCI).
About the move and its significance
The Ministry of Corporate Affairs is working on a bill to amend the nearly two decade-old Competition Act of 2002, which is likely to be introduced in the budget session of Parliament.
What is the present scenario?
Impacts of M&As deals on competition
About Competition Commission of India:
It is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition.
Competition Act 2002
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.
Group of Four (G4) on UNSC Reform Under the auspices of The Group of Four (G4), the External Affairs Minister of India met with his counterparts from Brazil, Germany, and Japan. Details about the news G4 discussed concerns pertaining to the UN Security Council reform during a meeting that took place alongside the 77th session of the
Draft Indian Telecommunication Bill 2022 To control Internet-based OTT (Over-The-Top) telecom services, the Department of Telecommunications (DoT) recently announced the draught Indian Telecommunications 2022 Bill. ?????????????? What are the Draft Bill's Main Points? The Indian Telegraph Act, 1885, Indian Wireless Telegraph
Fly Ash The National Green Tribunal (NGT) has emphasised the urgent need for Chhattisgarh to increase the use and disposal of fly ash. ??????? About 15 state, national, and privately owned electricity generating units are concentrated in Korba, Chhattisgarh, makes the situation much more dire. What is Fly Ash? Burning
Breakthrough Agenda Report 2022 The UN Climate Change High-Level Champions, the International Energy Agency (IEA), and the International Renewable Energy Agency (IRENA) have launched The Breakthrough Agenda Report 2022, which focuses on international cooperation to accelerate greenhouse gas emission reductions. What are the Report
International Year of Millets 2023 In preparation for the International Year of Millets in 2023, the Ministry of Agriculture and Farmers Welfare has planned a number of pre-launch activities and initiatives to raise awareness and encourage involvement in the nation about the illustrious but long-forgotten golden grains. Numerous initiatives
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.