Taking forward its efforts to ensure healthy competition in the market place, anti-trust regulator CCI has come out with guidelines for competition assessment of economic legislations and bills.
In this regard, the watchdog would soon set up a panel of five to seven institutions to carry out an initial competition assessment of economic legislations. The latest move also comes at a time when the regulator has stepped up efforts to spread awareness about competition norms besides cracking down on entities indulging in unfair business practices. With the new guidelines, CCI is looking to facilitate an “objective and transparent assessment of select economic legislations enacted by Parliament or state legislatures and also the economic bills pending or coming up before them in near future from competition perspective.” In case the assessment finds that there are issues related to competition in a particular legislation, then CCI would suggest necessary modifications to the relevant stakeholders. Competition Commission of India (CCI) Member M S Sahoo told PTI that it is an international best practice to enable people responsible for making legislations to prevent anti- competitive elements sneaking into the law inadvertently or without adequate justification.