Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
CONTEXT Barely 11 months after the Government notified the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs has mooted a set of sweeping amendments, apparently “to protect the interests of consumers and encourage free and fair competition in …
NEWS If States directly collect more tax, they will become less dependent on the Central government. INDIA’S REVENUE DISTRIBUTION SYSTEM In India, direct taxes go entirely to the Central government (Direct taxes are income tax and corporate tax). The …
About The Union Budget 2020-21 made an announcement to run the Kisan Rail services to provide better market opportunity by transporting perishables and agri-products, including milk, meat, and fish. This is a multi-commodity, multi-consignor/consignee, multi-loading/unloading transportation product which is aimed …
CONTEXT Recently, the government of Tamil Nadu has decided to shun the usage of the term ‘Central government’ in its official communications and replace it with ‘Union government’. HOW IS THE STEP TAKEN BEING PERCEIVED? The step taken is being …