Fair trade regulator CCI today said it has launched a comprehensive e-governance project to facilitate electronic filing of cases requiring its approval, including the merger and acquisition proposals.
Speaking during the sixth Annual Day function of the Competition Commission of India (CCI), Chairman Ashok Chawla said that the regulator has taken a number of initiatives "for speedy and efficient disposal of cases".
Giving his Welcome Address, Chawla also highlighted the various achievements of the Commission in its journey so far.
He also said that CCI has launched a comprehensive e-Governance project which would also facilitate electronic filing of cases and M&A proposals.
Speaking on the occasion, Secretary in Ministry of Corporate Affairs, Anjuli Chib Duggal, said that the CCI has implemented a mandate of sustaining competitive markets.
She also said that there are some future challenges that CCI needs to tackle, including continuous access to reliable and relevant research.
The Annual Day Address, delivered by technology czar N R Narayana Murthy, was attended by various stakeholders, including top government officials and regulatory agency officers.
Murthy said that competition brings out the best in any company and leads to innovation and new ideas.
Referring to the role of regulation, Murthy advocated for swift and fearless regulatory decisions.
The Infosys founder said that competition and regulation are the two mechanisms which can ensure that the "Invisible Hand" works to the advantage of the society.
Highlighting the role of competition, he said trust and confidence in the regulators are important to attract more and more entrepreneurs to start businesses.
Within such system, he indicated five roles which the government has to discharge, including unanimity of conviction and integrity of belief among all political parties that solution to the problem of poverty is through elimination of friction to businesses and entrepreneurs and by creating more jobs.
He also called for speedy action to ensure growth of the economy and creation of better jobs, creating an independent and meritocratic judiciary with up-to-date technology, and knowledge of modern, global judicial practices and judgements.
Besides, he pitched for introducing transparent and stable taxation policy, and using "tax money wisely and efficiently to make life better for the poor by investing in education, healthcare, nutrition and shelter".
