Competition: We need to increase the CCI's tooth-to-tail ratio

Copyright © HT Digital Streams Limit all rights reserved. Mint Redaction 3 Min Read May 22, 2025, 07:30 IST Minister of Finance Nirmala Sitharaman on the 16th annual day of the CCI offers some important markers for traveling the regulator to an uncertain future. (@nsitharamanoffc) Summary India’s anti -trusses should not regulate too much, as Finance Minister Nirmala Sitharaman reminds it. However, there is enough to be done for the Competition Commission of India (CCI) to comply with its mandate to ensure free and fair rivalry. India’s new age anti -new age has recently turned 16 and bravely the symptoms and causes of his troublesome teens. The Competition Commission of India (CCI), the country’s post-autarchic heritage of a role once played by the monopolic and limiting trade practices commission, was born with a delay. The CCI was created by the 2002 Competition Act, more than a decade after India opened its economy for global rivalry, but only came into effect in 2009 as an antitrust watchdog; It was lost by the court cases against its establishment. Also read: Decoding the decision of the Supreme Court: Implications for India’s merger control regime. This is by conflict between his mandate to enforce a modern Competition Act, which seeks to address the abuse of market domination, other anti-competitive practices and hurdles erected against free and equitable powers of competitors in the release of a free market, and free conditions in terms of a free market. The government controls on it, especially by choosing his chair, put its independence into a gray zone. As an institution, it struggles with gaps in capacity that make it more difficult to promote a market system that is always only for all participants and is never loaded against the consumer. Also read: What the review of India’s merger control regime means, Finance Minister Nirmala Sitharaman means on the 16th annual day of the CCI offers some important markers for traveling the regulator to an uncertain future. As she set out the importance of his basic role, the minister emphasized a need for a balance between the regulatory vigilance and the cause of the security of the growth impulses of the economy. A resilient, fair and innovation-driven economic framework would become increasingly indispensable if the economy would depend more on domestic growth rowers in the light of unfavorable winds and steep energy transitions. The task of the CCI was complicated by a globalized digital economy full of monopolies, to deal with what is needed according to her global cooperation. She marked the risk of erosion of value due to delayed cleanup and reminded us that India’s regulatory efficiency was under Global Watch. The speech of Sitharaman also referred to her budget speeches of light touch regulation that trusted economic agents to stick to rules while providing productivity, job creation and other variables to increase the production of India. It is true that over -regulation gets into the path of business. Still, the CCI can barely be faulty on the score. As for the antitrust, it has long been clear that the regulator must be more effective. The country seems to have little relief from the impact on the aircraft of an oligopoly in our aviation market. Also read: Why CCI is important to protect clients from digital players, the CCI’s core operations need an upgrade. The perception of its poor tooth-to-tail ratio continued, making it just more difficult to keep corporate abuse of market power in check. There were various reports on how the CCI could not collect the financial fines that imposed it as part of its work, mainly due to perverse incentives available in the challenging CCI decisions. In any case, the CCI has numerous lawsuits, which are not a surprise, given how often courts have ruled that its actions on the grass of other regulators violated; The privilege of the Competition Act on other economic laws (or the lack thereof) is blurred in ambiguity. The CCI’s capacity bank must be addressed immediately. The economy must undoubtedly expand as quickly, but it cannot afford to allow the CCI Trail Market Dynamics. Digital complexity alone requires urgency of antitrust. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #nirmala Sitharaman Read Next Story