Competitiveness Ranking
CCI's powers to penalise on global turnover to deter anti-competitive ways
The competition law provision to impose penalties based on a company's global turnover will act as a deterrent to more egregious violations, encourage entities to opt for commitments and settlements and help in faster corrective measures, according to experts. With the amendments coming into force, the Competition Commission of India (CCI) now has the power to impose a penalty of up to 10 per cent of a company's global turnover for competition law violations. The provision could have a larger impact on companies having multi-products or multi-services and also assumes significance as cases related to digital markets are being probed by the CCI. The watchdog will have the discretion on whether to impose penalties based on the global turnover or on the relevant turnover of a particular company that has violated competition norms. The penalty can also be up to 30 per cent of the average relevant turnover/ income, subject to the legal maximum, which is 10 per cent of the global ...
 "CCI's powers to penalise on global turnover to deter anti-competitive ways")
India jumps 6 places to 37th rank on IMD's World Competitiveness Index
India witnessed the sharpest rise among the Asian economies, with a six-position jump from 43rd to 37th rank on the World Competitiveness Index compiled by the Institute for Management Development
 "India jumps 6 places to 37th rank on IMD's World Competitiveness Index")
Trade war costs US its competitiveness top spot to Singapore: WEF
The Forum's competitiveness report relies in part of executive surveys, in addition to hard economic data
 "Trade war costs US its competitiveness top spot to Singapore: WEF")
India climbs to 41st slot on competitiveness ranking
Moves up three spots over last year in IMD list
 "India climbs to 41st slot on competitiveness ranking")
