• Open an account Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home > News > Economy News

  • CCI Should Safeguard Indian Enterprises From Abuse By Overseas Entities: FM
  • August 23,2019  17:59
  • Union Finance & Corporate Affairs Minister Nirmala Sitharaman said here today that Competition Commission of India (CCI) should ensure Indian enterprises are safeguarded from abuse by entities operating from other jurisdictions. Sitharaman was speaking at the 10th anniversary celebrations of the CCI. Sitharaman said that CCI must keenly observe market developments around the globe as borders no longer determine competition in a country. She said competition policy is a big challenge at the international level with the nature of operations of companies. Big corporate companies have jurisdiction in one country and ground operations elsewhere and this causes huge challenge for regulators.

    She praised the CCI for performing remarkably with restraint and without obstructing competition in an open economy like India. She also lauded CCI on credibly handling its responsibility till now and asked it to be ready for CCI 2.0 mode. She said that CCI 2.0 can help foster healthy competition by staying pro-actively alert and by taking suo motu action of developments both in domestic and international markets. This, she said, will enable CCI to handle latent market challenges within India and from all other major economies of the world. She said that there is recoil of sorts in the world economies.

    In his address, Union Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur, said that CCI is a world class institution that has handled the challenges of the last decade and it has built strong foundations through a market-driven approach for the next decade. He said competition policy is the core of the market and CCI has carried out the role of enforcer and facilitator in a fine balance.

    Injeti Srinivas, Secretary, Ministry of Corporate Affairs, lauded CCI for efficiently discharging responsibilities in regulatory, advisory and quasi-judicial capacities. He said the 10th anniversary of CCI is a watershed moment. He emphasised that to promote and sustain competition, it is the mandate of CCI to develop a competitive eco-system and also build strategy to meet emerging challenges. Shri Srinivas said the main challenge now before CCI is to withdraw excessive control but at the same time perform better as a caretaker of competition.

    Powered by Capital Market - Live News

Top News
Global News

Follow us:

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory