Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

'We don't wish to be roadblocks to industry'
Sapna Dogra Singh / New Delhi May 23, 2009, 01:16 IST

Dhanendra KumarThe country’s new anti-trust body, Competition Commission of India (CCI), is all set to take up its first cases. In an interview with Sapna Dogra Singh, CCI chairman Dhanendra Kumar says the commission would not act as a roadblock to industry. Excerpts:

How soon do you expect cases to come to CCI under sections three and four of the Competition Act (anti-competitive agreements and prohibition of abuse of dominant position)?
It would take at least 15-20 days, as the notification for these two sections came only on May 20 and today CCI is notifying the regulations, prescribing the procedures to file complaints etc. These are general regulations, enabling transaction of business regulations and regulations on engagement of experts and professionals. It is also bringing out advertisements in newspapers to make people aware that it is now active to take complaints.

What about Nokia’s complaint on BSNL’s tendering process, as reported in some sections of the media?
There’s no case before us as of today. Prior to May 20, the Commission was involved in advocacy work and any complaints through letters or e-mails were referred back to the ministry of corporate affairs. Now, complaints need to come in a prescribed format.

How would enforcement of sections three and four help competition in the market?
The enforcement of these provisions regarding anti-competitive agreements and abuse of dominance will promote competition in the market and will benefit all stakeholders, including companies and consumers. Their enforcement will help accelerate economy, as they would help lower prices through better efficiency, better management practices and technology.

What about sections five and six (of the Act, yet to be notified) on combinations and regulation of combinations?
There’s already enough on our plate. Sections three and four are very important and cover important aspects of anti-competitive agreements and abuse of dominant position like bid rigging, exclusive supply arrangements, predatory pricing, practices resulting in denial of market access, cartelisation, etc. Instead of rushing things, we want to go everything in a gradual manner and right now, we are focusing on building our capacities in terms of infrastructure and human resource.

Industry has been apprehensive of how CCI would use enforcement powers.
This apprehension is misplaced. We know our job and we would proceed with caution, because we don’t want to be roadblocks to industry. As a regulator, we want to promote competition in the market through best practices, which would benefit companies and the consumer.

Does the Commission have enough manpower?
The process of recruiting is on and by the end of this month, we would have around 50 people. Commission has already identified 12 professionals, who include economics experts, financial analysts, legal experts, etc to help the Commission members in discharging their duties.

The government is also expected to notify rules for recruitment of people from various government departments. We are also planning to have youngsters from National Law Institutes and other institutes as trainees and interns, who would gain experience and if they want they can be absorbed in CCI, too. Quality of professionals is of paramount importance to us and we are taking all possible action to build up human resources. The CCI staff would be trained in India, as well as abroad.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us