As per a press release from the Press Information Bureau, the Competition Commission of India (CCI) has held workshops in around 15 schools in Delhi in a bid to create awareness on the importance of healthy and fair competition in markets. The Competition Commission of India has designed a small booklet called "Understanding Competition Law" in simplified language which is distributed amongst students during these workshops. Definitely a novel and a praise-worthy move from the CCI.
Also, speculation is rife on how the thresholds under Section 5 would be dealt with in long-awaited amendment to the Competition Act, 2002. Though to be taken with a pinch of salt, according to government sources, the amendment will not bring in exemptions to any particular sectors such as insurance and telecom. What is being suggested instead is that there would be sector-specific thresholds in the Competition Act. We have already discussed yesterday the proposed amendment through the Banking Laws (Amendment) Bill which creates an exemption from Section 5 and 6 of the Competition Act for the banking sector. If true, it would be a welcome move.
Also, speculation is rife on how the thresholds under Section 5 would be dealt with in long-awaited amendment to the Competition Act, 2002. Though to be taken with a pinch of salt, according to government sources, the amendment will not bring in exemptions to any particular sectors such as insurance and telecom. What is being suggested instead is that there would be sector-specific thresholds in the Competition Act. We have already discussed yesterday the proposed amendment through the Banking Laws (Amendment) Bill which creates an exemption from Section 5 and 6 of the Competition Act for the banking sector. If true, it would be a welcome move.
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