Question Q4GS2GS2
Fair competition is the cardinal principle of free market economy. In this context, discuss the role of Competition Commission of India and compare its position with anti-trust institutions of other countries.
Main Body
When compared to the anti-trust institutions in other countries like USA FTC is a statutory and quasi-judicial body formed with an aim to ensure the provision of the Constitution Act 2002. It plays a vital role in ensuring fair competition within is the cardinal principle of free market economy in following major1. Eliminates practices using undermines the spirit of fair competition, en: CCI suspended is permission for Zomato's deal unit future goods and game it to balance one to analyse of [illegible] by Amazon. 2. Promoting consumer welfare – prevent interests of consumers. 3. Helps in ensuring fair trades is market economy of india. 4. Promote competition advocacy and provide training on competition related institutions.
117 words1 paragraphs
Conclusion
CCI working in free & fair manner will ensure keep in preventing the democratic ethos, hence reforms should be taken for footing.
22 words
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Topper
Lavanya Gaur
AIR 572024
Subject & Paper
GS2GS2
Topic
Statutory, Regulatory and Quasi-judicial Bodies
Regulatory Bodies
Competition Commission of India
Writing Stats
139
Total words
1
Paragraphs