Press Information Bureau

Government of India

Ministry of Corporate Affairs

10-December, 2012 18:31 IST

With a view to make the ‘culture of Competition’ an intrinsic part of governance at each tier of administration- Centre, State or local body, the Government is considering bringing out a National Competition Policy. Giving this information in written reply to a question in the Parliament, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Union Government had sought the opinion of the State Governments on the said policy and the State Governments are broadly in agreement with the proposed policy. The Government has also invited comments and initiated consultations thereon with various sections of the society such as Stakeholders, Industry, Law Firms, Researchers, Economists etc. and incorporated their responses suitably in the Policy. The Policy is expected to be finalized shortly, Shri Pilot said.

 

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 KKP

 

Competition policy to embed competitive principles across governance after state and stakeholder consultations; draft nearing finalisation. The Government proposes a National Competition Policy to make competition an intrinsic component of governance across central, state and local bodies. The Union Government sought and received broadly favourable responses from State Governments and conducted consultations with stakeholders-industry, law firms, researchers and economists-incorporating their feedback into the draft, which is expected to be finalized shortly.