Structure:

• The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws. 
• The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.
• The objectives of the Act are sought to be achieved through the Competition Commission of India(CCI), which has been established by the Central Government with effect from 14th October 2003. 
• CCI consists of a Chairperson and 6 Members appointed by the Central Government.

Function:

• • CCI’s mandate is to eliminate anti-competitive practices, promote competition, protect consumers, and ensure freedom of trade.
  • CCI’s approach: 
    • Enforcement (punitive and remedial actions) and 
    • Advocacy (educating stakeholders, providing policy recommendations).

• Focus areas of CCI: 

• • Addressing anti-competitive agreements: Cartels, price-fixing, bid-rigging, vertical restraints, abuse of dominant positions.
  • Merger reviews: Preventing creation of market dominance through mergers and acquisitions.
  • Digital economy: Ensuring competition and innovation are not stifled by tech giants.
  • New-age challenges: Regulatory adaptation, advocacy, international cooperation.
  • Consumer protection: Ensuring choice, fair prices, and quality products.
  • Holistic regulatory environment: Collaboration with other bodies and governments.
  • Future plans: Building resilience, agility, and expertise in new markets.

As India enters the Amrit Kaal, CCI reaffirms its commitment to steering India’s economic journey towards a future that is competitive, inclusive, and resilient.