Competition Commission to pay more for experts, professionals

Seeking to attract more experts and professionals into its fold, Competition Commission has substantially hiked their monthly remuneration.
They would receive a 10 per cent increment after completion of one-year.
The fair trade watchdog hires experts and professionals from different streams including economics, law, international trade, engineering, business management, chartered accountancy and cost accountancy.
Competition Commission of India (CCI) keeps a tab on unfair business practices across sectors in the market place.
For experts and professionals, the regulator has hiked monthly remuneration by Rs 10,000 at all levels. They are classified into five categories based on their experience.
Those having up to three years' experience are grouped as Level I, 3-5 years (Level II), 5-10 years (Level III), 10-15 years (Level IV) and 15 years and more (Level V).

With the latest revision, those hired under Level V would get a "lump sum monthly remuneration" of Rs 1,35,000.

For Level I and II officials, the monthly pay has been raised to Rs 40,000 and Rs 60,000 respectively.
Those coming under Level III and IV groupings would now get a monthly lump sum of Rs 85,000 and Rs 1,10,000 respectively.
To effect the revision, the Commission last month amended the Competition Commission of India (Procedure for Engagement of Experts and Professionals) Regulations. A notification has been issued in this regard.
The revised monthly lump sum pay would also be applicable to experts and professionals who are already working at the Commission.

"... As and when the remuneration to be paid by the Commission to different categories of experts and professionals including research associates is increased by an amount through amendment in Schedule III, the remuneration of existing experts and professionals including research associates shall also be increased by such amount," the notification said.