CCI Current Affairs

India to host 2018 International Competition Network annual conference

The Competition Commission of India (CCI) was selected as the host the 2018 International Competition Network (ICN) in New Delhi in March–April 2018.

By virtue of this event, CCI has also been inducted as an ex-officio member of the steering group member of the ICN for a period of 3 years. The 2017 ICN Annual Conference will be held in Portugal and will be hosted by Portuguese Competition Authority.

About International Competition Network (ICN)

  • ICN is an informal international body consists of 132 members from 120 competition jurisdictions. It was established in 2001. CCI is a member of the ICN since 2003.
  • It is exclusively devoted to international competition enforcement and facilitate cooperation between competition law authorities globally.
  • ICN provides competition authorities with a specialised platform (informal) for addressing practical competition concerns, sharing experiences and adopting international best practices. Besides, it holds an Annual Conference which is hosted by a member competition agency.
  • Its members are national competition authorities and Non-governmental Advisers (NGA) which include reputed law firms, eminent persons, and think tanks of international repute.

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CCI fines 10 cement companies and CMA for cartelisation

The Competition Commission of India (CCI) has imposed penalties on 10 cement companies and their umbrella association – Cement Manufacturers Association (CMA) for cartelisation.

The CCI has levied penalties on 10 cement companies viz. ACC, ACL,  Binani, Century, India Cements, JK Cements, Lafarge, Ramco, UltraTech and  Jaiprakash Associates.

What is the case?

  • The Builders Association of India (BAI) had filed complaint against the cement companies and the CMA alleging in fixing collectively prices of cement.
  • It was alleged that these cement companies and the CMA shared details relating to prices, capacity utilisation, production and dispatch and thereby restricted output and supplies.
  • Their collective was contravention of certain provisions of the Competition Act, 2002.
  • It was also detrimental to the interests of consumers and the economy as cement is a critical basic input in construction and infrastructure industry.

About Competition Commission of India (CCI)

  • The CCI is quasi-judicial statutory body established under The Competition Act, 2002.
  • It established in 2003 to eliminate practices that adversely affect competition in different industries and protect interests of consumers and ensure freedom of trade.
  • Its predecessor was the MRTPC (Monopolies and Restrictive Trade Practices Commission) which was functional prior to 1991 Economic Reforms.

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