Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October 2003. Under Section 8 of the Competition Act, the Commission shall comprises of a Chairperson … Read moreComposition of Competition Commission of India
Meaning of Competition? Competition is a situation in market, in which sellers independently strive for buyer’s patronage to achieve business objectives. Competition and liberalization, together unleash the entrepreneurial forces in the economy. Competition offers wide array of choices to consumers at reasonable prices, stimulates innovation and productivity, and leads to optimum allocation of resources. Why … Read moreWhat is Competition & why we need competition law?