Regulators and competition in India

Awhile ago, a popular advertisement on TV used to claim that “barriers break when people talk”. Perhaps taking a cue from this, the National Competition Policy Committee (NCPC), which was set up by the ministry of corporate affairs last year, has suggested an amendment to the Competition Act, 2002, mandating that sectoral regulators and the Competition Commission of India (CCI) “shall” speak with each other.

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