In the wake of globalisation, India has adopted revolutionary measures of opening up of its economy, removing of controls and to resort to liberalisation. It is, therefore, imperative that in order to cope up with the reforms and to introduce the concept of “Free markets” in the Indian economy, the Indian markets should be geared…
Recently, there was news of Bharatmatrimony.com filing a complaint against Google India with the Competition Commission of India (CCI) against Google’s alleged abuse of dominant position in its practices related to AdWords. In the same context, a remark was made at a seminar in Delhi on future of online markets that “media and particularly the…
Both the merger control provisions of the Competition Act, 2002, notified by the ministry of corporate affairs (MCA) with relaxation to the thresholds and the draft merger regulations put out by the Competition Commission of India (CCI) are industry-friendly and allay some of the concerns of industry. Yet, worries remain. The first concern was the…
In the wake of economic liberalization and widespread economic reforms introduced in 1991, and in its attempt to move from a ‘command and control’ regime to a regime based on free market principles, India decided to replace its then existing competition law – the Monopolies and Restrictive Trade Practices Act 1969, which was primarily designed…
India’s new competition regulator, the Competition Commission of India (CCI) is getting ready to commence regulation of “combinations” (acquisition, acquiring control, mergers and amalgamations between enterprises above the threshold limits mentioned in section 5 of the Competition Act, 2002) and has decided to publish the implementing draft regulations for merger control shortly. Chairman, CCI has acknowledged that…
Competition law is essentially concerned with the study of markets, the objective being to ensure that there is competition between the suppliers in any market and that this competition benefits consumers. At the day-to-day level, applying competition law involves identifying markets and assessing whether competition is working well in those markets. It involves assessing how…
November 3, 2009 The recent anti-trust raids on Ranbaxy’s France unit by the European Commission (EC) has not come as a surprise, given that most pharmaceutical companies in India manufacture generic drugs. These drugs contain same active ingredients as the original formulations invented by the “originator” companies, mostly from Europe or United States, and in…
There is little awareness of cartels in India. Cartels being agreements formed in secrecy, which may or may not be in writing; between firms in direct competition with one another in the “relevant market,” are the most pernicious form of anti competitive business practices. Business cartels are known to exist in industrialised countries…
