Press Information Bureau

Government of India

Ministry of Corporate Affairs

09-August-2012 18:21 IST

National Competition Policy

The draft National Competition Policy document is presently at the stage of consultations. The draft policy seeks to integrate principles of competition in various economic policies of the Government and reap the benefits of competition therein.

This information was given by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to a written question in the Lok Sabha today.

Competition Commission of India (CCI) is mandated inter-alia to eliminate practise having adverse effect on competition, promote and sustain competition, protect the interests of consumers and to ensure freedom of trade carried on by other participants, in market in India.

The Commission is fully functional and it has been working continuously to achieve its objectives, the Minister informed the Lok Sabha.

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RC

Competition policy integration to embed competition principles in economic policy and strengthen market freedom and consumer protection. The draft National Competition Policy seeks to integrate competition principles across government economic policies to reap benefits of competition, while the Competition Commission of India is mandated to eliminate practices adversely affecting competition, promote and sustain competition, protect consumer interests, and ensure freedom of trade, and is reported to be fully functional and working to achieve these objectives.