FM seeks greater presence of Competition Commission to ensure ease of doing business
Finance Minister Sitharaman stated that the presence of the Competition Commission should be increased to ensure ease of doing business
Parul October 7, 2022
MORE IN News
RBI coming up with new steps to expand UPI outreach
AI trust gap emerges: India businesses embrace Generative AI, but public remains wary
Startup hiring surges in India, freshers to grab 53% jobs: Report
India overtakes Japan, becomes world’s third largest solar power generator
Up to 20% of AI initiatives fail without intelligent data infrastructure: Report
Finance Minister Nirmala Sitharaman on Thursday said that to ensure ease of doing business, it is essential that there is greater presence of Competition Commission of India (CCI) offices across the country.
In her address after virtually inaugurating the CCI’s regional office (western) and releasing the advocacy booklets in Urdu and Punjabi, she said that challenges of digitisation can’t be ignored and therefore, it is important for Indian competition authorities to benchmark themselves at par with global competition watchdogs.
Sitharaman said that with rising competition related issues, the CCI should keep itself abreast of new and evolving laws prevalent around the world and also the best practices.
The Finance Minister also emphasised on the importance of the Competition Commission of India to remain visible and proactive, as being approachable would instil greater confidence among people about it.