Business Standard

Letter to BS: CCI should have more teeth to ensure fair competition

There is also a need to maintain a delicate balance between innovation and fair competition to ensure product quality keeps pace with technology growth

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With reference to “Making CCI effective” (April 23), it is only fair that a supervisory body, once statutorily created, should be allowed to perform its role independently. In a free market economy, competitive functioning should be rational, and in keeping with market conditions for which the Competitive Commission of India was constituted. Market competition should conform to fair practice. Control must also be exercised to prevent cartelisation of products by a select group. There is also a need to maintain a delicate balance between innovation and fair competition to ensure product quality keeps pace with technology growth. Accordingly, the cost

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