Government has not accepted the parliamentary committee's recommendation to introduce the concept of "mandatory effects-based analysis" in the proposed Competition Amendment Bill, according to government sources. The bill was cleared by the cabinet earlier this week.
The parliamentary standing committee on finance in its report tabled on December 13, 2022 had said that the competition commission of India (CCI) should study different factors such as impact on consumers, innovation and competition before adjudicating a conduct as violative of the competition law. The panel had made a series of recommendations in its report, some of which may have been accepted by the government.
The government, however, feels that it is difficult to quantify such effects and conducting such studies may delay any corrective action. "By the time we study the effects, the markets will have suffered," a government source said.
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