डिजिटल क्रांति के कारण बाजार में आया व्यवधान ने डिजिटल अर्थव्यवस्था में नियंत्रण प्रतिष्ठा सुनिश्चित करने के लिए नवीकृत फोकस और परिप्रेक्ष्य को न्याय दिया है। इस प्रकाश में, भारतीय प्रतिस्पर्धा आयोग (सीसीआई) को पुनर्निर्मित करने की आवश्यकता पर चर्चा करें। (उत्तर 250 शब्दों में दीजिए) / The market disruption caused by digital revolution warrants renewed focus and perspective ensure 'fair competition in the digital economy. In this light, discuss the need to revamp the Competition Commission of India (CCI). (Answer in 250 words)

Recently, there have been Amendments proposed to Competition Commission of India Act (2002) to strengthen the regulatory forces of the Statutory regulator.

CCI Act (2002) METP Act (1979) CCT (Amendment Act) (2022)

Market Disruption needs fair competition:

Need to YWAMP CCI:

1. Lacks strong regulatory powers as compared to Western counterparts such US - Anti Trust Agency.

2. As was found that despite violations, limited penalty of only 1% to 10% crore was imposed by CCI.

3. Does not take into consideration the newer forms of monopolies created by e-commerce, digital transactions, presence of shell-bodge floor.

4. Lack of enforcement power - limited Criminal sanction, cancellation of license done by CCP.

5. Time taking - by CCI to give decision in case of violation.

Limited Infrastructure and Moral resources to tackle monopoly.

Compared to the Western counterparts such as US - Anti Trust Agency.

2. As was found that despite violations, limited penalty of only 1% to 10% crore was imposed by CCI.

3. Does not take into consideration the newer forms of monopolies created by e-commerce, digital transactions, presence of shell-bodge floor.

4. Lack of enforcement power - limited Criminal sanction, cancellation of license done by CCP.

5. Time taking - by CCI to give decision in case of violation.

Limited Infrastructure and Moral resources to tackle monopoly.

6. Lack of Safe Common Model agency for anti-trust, monopolistic activities.

Ways to Revamp:

(i) Ensure fair competition in the market.

(E4) - CCP had 6 Cement manufacturer for fixing prices.

(E4 - Large initial 20/1 of searches. Ensures legal parties in market.

Ways to Revamp:

(D) Presence of Modal, Single regulatory agency

These will lead to Information Symmetry and where Market spirit Economy Survey 2021.

Utility of CCI:

(i) Ensure fair competition in the market.

Ways to Revamp:

(D) Presence of Modal, Single regulatory agency.

These will lead to Information Symmetry and where Market spirit Economic Survey 2021.