StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    Australia's PM says easing of curbs on US beef not prompted by Trump
    Australia's PM says easing of curbs on US beef not prompted by Trump
    0 Min Read
    Development, buybacks and dividends galore – are NatWest shares the final word no-brainer purchase?
    Development, buybacks and dividends galore – are NatWest shares the final word no-brainer purchase?
    4 Min Read
    Ghislaine Maxwell Justice Division conferences
    Ghislaine Maxwell Justice Division conferences
    9 Min Read
    CoinShares Bitcoin ETF adjustments identify from CoinShares Valkyrie Bitcoin Fund
    CoinShares Bitcoin ETF adjustments identify from CoinShares Valkyrie Bitcoin Fund
    0 Min Read
    Listed below are 3 methods to consider Nvidia inventory
    Listed below are 3 methods to consider Nvidia inventory
    4 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    A Full Information for First-Time Taxpayers
    A Full Information for First-Time Taxpayers
    12 Min Read
    After How Many Days Bonus Shares Can Be Bought?
    After How Many Days Bonus Shares Can Be Bought?
    8 Min Read
    The Weekly Wrap | Up, Up and Away. Not.
    The Weekly Wrap | Up, Up and Away. Not.
    24 Min Read
    India's most underrated funding asset
    India's most underrated funding asset
    0 Min Read
    Prime information and market movers this week: twenty fifth Jul’ 2025
    Prime information and market movers this week: twenty fifth Jul’ 2025
    2 Min Read
  • Market Analysis
    Market AnalysisShow More
    Cipla to Bajaj Finserv – Jay Thakkar suggests three shares to purchase or promote for short-term in F&O section
    Cipla to Bajaj Finserv – Jay Thakkar suggests three shares to purchase or promote for short-term in F&O section
    6 Min Read
    Gold worth rises 200% in six years. How costly it could grow to be in subsequent 5 years?
    Gold worth rises 200% in six years. How costly it could grow to be in subsequent 5 years?
    10 Min Read
    Kotak Mahindra Financial institution Q1 Outcomes: Internet revenue drops 7% to ₹3,282 crore. Test particulars
    Kotak Mahindra Financial institution Q1 Outcomes: Internet revenue drops 7% to ₹3,282 crore. Test particulars
    2 Min Read
    Nuvama sees 40% upside in THIS multibagger inventory. Do you have to purchase?
    Nuvama sees 40% upside in THIS multibagger inventory. Do you have to purchase?
    3 Min Read
    Kotak Mahindra Financial institution Q1 FY26 Outcomes: Snapshot
    Kotak Mahindra Financial institution Q1 FY26 Outcomes: Snapshot
    13 Min Read
  • Trading
    TradingShow More
    Exiled Iranian Prince Reza Pahlavi Claims 50,000 Defectors Have Joined His Motion To Topple Tehran Regime
    Exiled Iranian Prince Reza Pahlavi Claims 50,000 Defectors Have Joined His Motion To Topple Tehran Regime
    3 Min Read
    Scams, Misplaced Keys, and Forgotten Wallets: The Bitcoin Whisperer Who Brings Crypto Again
    Scams, Misplaced Keys, and Forgotten Wallets: The Bitcoin Whisperer Who Brings Crypto Again
    3 Min Read
    Benzinga Bulls And Bears: T-Cellular, LendingTree, Molina Healthcare — And Commerce Deal Optimism Boosts Markets Benzinga Bulls And Bears: T-Cellular, LendingTree, Molina Healthcare — And Commerce Deal Optimism Boosts Markets
    Benzinga Bulls And Bears: T-Cellular, LendingTree, Molina Healthcare — And Commerce Deal Optimism Boosts Markets Benzinga Bulls And Bears: T-Cellular, LendingTree, Molina Healthcare — And Commerce Deal Optimism Boosts Markets
    5 Min Read
    Senator Lummis Champions Bitcoin as Important: ‘Freedom Cash and Will Make Life Higher for Each American’ Senator Lummis Champions Bitcoin as Important: ‘Freedom Cash and Will Make Life Higher for Each American’
    Senator Lummis Champions Bitcoin as Important: ‘Freedom Cash and Will Make Life Higher for Each American’ Senator Lummis Champions Bitcoin as Important: ‘Freedom Cash and Will Make Life Higher for Each American’
    3 Min Read
    Marjorie Taylor Greene’s Berkshire Hathaway Funding Falters After She Purchased The Shares At April Lows — What If She Had Chosen Bitcoin As a substitute?
    Marjorie Taylor Greene’s Berkshire Hathaway Funding Falters After She Purchased The Shares At April Lows — What If She Had Chosen Bitcoin As a substitute?
    3 Min Read
Reading: After Sebi, Parliament committee to conduct CCI’s efficiency evaluation | Financial system & Coverage Information
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Economics > After Sebi, Parliament committee to conduct CCI’s efficiency evaluation | Financial system & Coverage Information
Economics

After Sebi, Parliament committee to conduct CCI’s efficiency evaluation | Financial system & Coverage Information

StockWaves By StockWaves Last updated: September 30, 2024 5 Min Read
After Sebi, Parliament committee to conduct CCI’s efficiency evaluation | Financial system & Coverage Information
SHARE


The PAC can be anticipated to evaluation whether or not the CCI is sufficiently geared up to fulfil its mandate | Picture: PTI

3 min learn Final Up to date : Sep 30 2024 | 10:37 AM IST


The Competitors Fee of India (CCI) is more likely to come underneath evaluation by the Public Accounts Committee (PAC) of Parliament this monetary yr, in accordance with a Mint report. This follows an identical examination of the Securities and Trade Board of India (Sebi) by the PAC.


Earlier this month, the PAC requested an in depth report from the Ministry of Company Affairs on the operations of the CCI, in accordance with sources cited within the report. The ministry subsequently submitted the requested info by September 27, the deadline set by the committee.

Click on right here to attach with us on WhatsApp


The Lok Sabha Secretariat’s PAC department had requested the knowledge. The PAC, chaired by Congress chief KC Venugopal, contains members from varied political events. The committee has reportedly determined to evaluate the efficiency of regulatory our bodies established by Acts of Parliament, and the CCI is anticipated to be included on this evaluation.

 


Assessing the effectiveness of regulator


The upcoming evaluation will deal with the effectiveness of competitors regulation in selling client alternative and making certain optimum market outcomes with out hindering innovation. The evaluation may even scrutinise the assets and enforcement document of the Competitors Fee of India.


Knowledge from the CCI revealed that of the 1,224 anti-trust instances registered by the tip of March 2023, investigations had been initiated in 403 instances, resulting in findings of violations and adjudicatory orders in 185 cases. Greater than 100 instances remained pending at varied phases as of March 2023. As well as, the CCI had adjudicated on over a thousand merger filings.


The PAC’s function is to carry the chief accountable to Parliament. It evaluations not solely the funds allotted by Parliament and the federal government’s annual finance account but in addition different issues it deems obligatory. The federal government follows up on the committee’s suggestions, offering updates on the actions taken or deliberate, that are included within the PAC’s ‘motion taken report’ to Parliament.


One space doubtless to attract consideration is the issue the CCI faces in recovering penalties. Within the 2021-22 and 2022-23 monetary years, the CCI imposed penalties of Rs 1,336 crore and Rs 2,672 crore, respectively, however managed to get well solely round 13 per cent and fewer than 1 per cent of these quantities, in accordance with the CCI’s annual report for 2022-23.


Concentrate on increasing mandate

 


The PAC can be anticipated to evaluation whether or not the CCI is sufficiently geared up to fulfil its mandate. Following the expiry of the Nationwide Anti-Profiteering Authority’s time period in 2022, the CCI took on duty for dealing with profiteering instances associated to the Items and Providers Tax (GST). 


Moreover, the increasing digital economic system and a proposed digital competitors regulation are anticipated to broaden the CCI’s regulatory scope. Regardless of this, the regulator reportedly has solely round 30 professionals, together with monetary analysts, economists, and legal professionals. Efficient coordination between the CCI and different sectoral regulators can be essential to keep away from overlapping duties and guarantee easy enforcement.


Political sensitivities


The PAC’s evaluation may change into politically contentious. Earlier, on August 21, Congress chief Jairam Ramesh raised issues on social media, highlighting that whereas the CCI has imposed penalties on each home and worldwide companies for alleged abuses of dominance, the federal government has allowed a five-fold improve in Person Growth Charges (UDF) at Lucknow and Mangalore airports. 


These airports are operated by the Adani Group, which has not commented on Ramesh’s assertion thus far. Notably, Jairam Ramesh is just not a member of the PAC.

First Revealed: Sep 30 2024 | 10:37 AM IST

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article Nifty 50 Shares With 1-Month Excessive Returns (2024) Nifty 50 Shares With 1-Month Excessive Returns (2024)
Next Article Estates Group Develops World-Class Township In Ayodhya Estates Group Develops World-Class Township In Ayodhya
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
Valuations excessive, earnings weak — Markets could pause
Valuations excessive, earnings weak — Markets could pause
July 27, 2025
Australia's PM says easing of curbs on US beef not prompted by Trump
Australia's PM says easing of curbs on US beef not prompted by Trump
July 27, 2025
Bihar Meeting Polls: CM Nitish Kumar proclaims Rs 15,000 pension for journalists; spouses to get lifetime advantages
Bihar Meeting Polls: CM Nitish Kumar proclaims Rs 15,000 pension for journalists; spouses to get lifetime advantages
July 27, 2025
High 5 Most Invaluable Soccer Golf equipment within the World Proper Now – (2025 Rating)
High 5 Most Invaluable Soccer Golf equipment within the World Proper Now – (2025 Rating)
July 27, 2025
Development, buybacks and dividends galore – are NatWest shares the final word no-brainer purchase?
Development, buybacks and dividends galore – are NatWest shares the final word no-brainer purchase?
July 27, 2025

You Might Also Like

Girls and Unpaid Work – IWWAGE-Institute for What Works to Advance Gender Equality
Economics

Girls and Unpaid Work – IWWAGE-Institute for What Works to Advance Gender Equality

12 Min Read
Annual Survey of Indian Industries – Half II
Economics

Annual Survey of Indian Industries – Half II

1 Min Read
Girls and Unpaid Work – IWWAGE-Institute for What Works to Advance Gender Equality
Economics

Nationwide Household Well being Survey – IWWAGE-Institute for What Works to Advance Gender Equality

12 Min Read
Bi-monthly seminar nov-2024
Economics

Bi-monthly seminar nov-2024

5 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

Valuations excessive, earnings weak — Markets could pause
Australia's PM says easing of curbs on US beef not prompted by Trump
Bihar Meeting Polls: CM Nitish Kumar proclaims Rs 15,000 pension for journalists; spouses to get lifetime advantages

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up