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    <title>Text of The Inaugural Address Delivered by The Union Finance Minister P.Chidambaram on The Annual Day of The Competition Commission of India</title>
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    <description>The address presents competition policy as the regulatory social contract aimed at promoting and sustaining competition, protecting consumers and preventing monopolistic and anti competitive practices. It identifies five priority areas-mergers, natural monopolies, regulatory capture, public sector enterprise biases, and predatory behaviour-stressing the Commission&#039;s remedial powers, the need for sector specific regulation where appropriate, vigilance against capture and privileges, the competitive implications of public procurement, and the importance of research, transparency and a lean enforcement posture.</description>
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