CCI Chairman Reveals it

The Chairman of Competition Commission of India, Mr. Ashok Chawla reveals the following information to the media, reports Business Standard.

1. CCI has initiated a suo motu inquiry against milk retailers for frequent price rise;
2.  Further, Real estate, pharmaceuticals, aviation, telecom and tyre industries are on its radar;
3. The inquiry against tyre companies is in an advanced stage and a decision is expected soon;
4. CCI hinted that it would take note of the increase in petroleum prices by oil companies;
5. A proposal has been mooted to form a cabinet committee on competition under the chairmanship of the prime minister to overcome the disconnect between the government policy and competition law;
6.  CCI has so far investigated about 267 matters relating to violation of Section 3 and 4 out of which final order has been issued in 200 cases imposing penalty when needed. The cases are mainly from the sectors like insurance, automobiles, real estate, pharmaceuticals, financial services and the entertainment industry.