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'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issue</span></span></strong></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Competition Commission of India has imposed a fine of Rs 14 crore fine on Jaiprakash associates for indulging in unfair and discriminatory business activities.</span></span></span></p>
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<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Background</span></span></strong></span></span></p>
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<li><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Competition Commission of India</span></span></strong> <span style="background-color:white"><span style="font-family:"Times New Roman","serif"">is a statutory body of the </span></span><a href="https://en.wikipedia.org/wiki/Government_of_India" style="color:blue; text-decoration:underline" title="Government of India"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Government of India</span></span></a><span style="font-family:"Times New Roman","serif""> is <span style="background-color:white">responsible for enforcing </span>The competition Act 2002 <span style="background-color:white">throughout India and to prevent activities that have an appreciable adverse effect on competition in India</span></span></span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and </span></span></span><a href="https://en.wikipedia.org/wiki/Merger_and_acquisition" style="color:blue; text-decoration:underline" title="Merger and acquisition"><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Merger and acquisition</span></span></span></a><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">), which causes or likely to cause an appreciable adverse effect on competition within India.</span></span></span></span></span></li>
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<p> </p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Competition Commission</span></span></strong></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Composition</span></strong></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:12pt"><span style="background-color:white"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.5pt"><span style="color:#222222">The Commission comprises a Chairperson and six members. <strong>Ashok Kumar Gupta</strong></span></span><strong> </strong><span style="font-size:11.5pt"><span style="color:#222222">is the current Chairperson of CCI.</span></span></span></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Objective</span></span></strong></span></span></span></p>
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<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Make the markets work for the benefit and welfare of consumers.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Ensure fair and healthy competition in economic activities in the country for faster and inclusive growth and development of the economy.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Implement competition policies with an aim to effectuate the most efficient utilization of economic resources.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Develop and nurture effective relations and interactions with sectoral regulators to ensure smooth alignment of sectoral regulatory laws in tandem with the competition law.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Effectively carry out competition advocacy and spread the information on benefits of competition among all stakeholders to establish and nurture competition culture in Indian economy.</span></span></span></span></span></li>
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<p> </p>
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'description' => '<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Issue</span></span></strong></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Competition Commission of India has imposed a fine of Rs 14 crore fine on Jaiprakash associates for indulging in unfair and discriminatory business activities.</span></span></span></p>
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<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Background</span></span></strong></span></span></p>
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<li><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Competition Commission of India</span></span></strong> <span style="background-color:white"><span style="font-family:"Times New Roman","serif"">is a statutory body of the </span></span><a href="https://en.wikipedia.org/wiki/Government_of_India" style="color:blue; text-decoration:underline" title="Government of India"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Government of India</span></span></a><span style="font-family:"Times New Roman","serif""> is <span style="background-color:white">responsible for enforcing </span>The competition Act 2002 <span style="background-color:white">throughout India and to prevent activities that have an appreciable adverse effect on competition in India</span></span></span></span></li>
<li><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and </span></span></span><a href="https://en.wikipedia.org/wiki/Merger_and_acquisition" style="color:blue; text-decoration:underline" title="Merger and acquisition"><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">Merger and acquisition</span></span></span></a><span style="font-size:11.5pt"><span style="background-color:white"><span style="font-family:"Times New Roman","serif"">), which causes or likely to cause an appreciable adverse effect on competition within India.</span></span></span></span></span></li>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Competition Commission</span></span></strong></span></span></p>
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<p style="margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif"">Composition</span></strong></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:12pt"><span style="background-color:white"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.5pt"><span style="color:#222222">The Commission comprises a Chairperson and six members. <strong>Ashok Kumar Gupta</strong></span></span><strong> </strong><span style="font-size:11.5pt"><span style="color:#222222">is the current Chairperson of CCI.</span></span></span></span></span></p>
<p style="margin-right:0in"> </p>
<p style="margin-right:0in"><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><strong><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Objective</span></span></strong></span></span></span></p>
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<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Make the markets work for the benefit and welfare of consumers.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Ensure fair and healthy competition in economic activities in the country for faster and inclusive growth and development of the economy.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Implement competition policies with an aim to effectuate the most efficient utilization of economic resources.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Develop and nurture effective relations and interactions with sectoral regulators to ensure smooth alignment of sectoral regulatory laws in tandem with the competition law.</span></span></span></span></span></li>
<li><span style="font-size:11pt"><span style="background-color:white"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif""><span style="color:#222222">Effectively carry out competition advocacy and spread the information on benefits of competition among all stakeholders to establish and nurture competition culture in Indian economy.</span></span></span></span></span></li>
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<p> </p>
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