Press Information Bureau

Government of India

Ministry of Corporate Affairs

08-December-2011 17:43 IST

Competition Commission of India has been established with the objective to eliminate practice having adverse effect on competition, promote and sustain competition, protect the interest of consumers and ensure freedom of trade carried on or by other participants in markets in India and for matters connected therewith or incidental thereto.

Till 28.11.2011, the Commission has received 166 cases under section 3 and 4 of the Competition Act, out of which 88 cases have since been closed/disposed off. Besides, the Commission has also received 50 cases on transfer from the erstwhile MRTP Commission, out of which 41 cases have been closed/ disposed off. In addition, out of 12 cases received under section 5 and 6 of the Act, the Commission has disposed off 9 cases.

The Commission has been investigating information relating to matters connected to protect the interest of consumers viz., hike in Sugar Prices, hike in Cement Prices, hike in Steel Prices, hile in air fare, hike in onion prices, etc. The proceedings before the Competition Commission which is an autonomous statutory body under the Act, are of a quasi judicial nature.

The Minister of State for Ministry of Corporate Affairs Shri R.P.N. Singh gave this information in a written reply in Lok Sabha today.

ST/bs

Competition enforcement: CCI investigates anti competitive practices and consumer price hikes and disposes of cases under competition law. The Competition Commission enforces the Competition Act to eliminate anti competitive practices, protect consumer interests and ensure freedom of trade by receiving, investigating and disposing of complaints (including legacy transfers), conducting inquiries into market price hikes, and proceeding in a quasi judicial manner to resolve cartel, dominance and related matters.