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Ashok Kumar Gupta appointed as Chairperson of Competition Commission of India

Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has appointed former IAS officer Ashok Kumar Gupta as Chairperson of Competition Commission of India (CCI). He replaces acting chairperson Sudhir Mital. He will be in office till October 25, 2022 i.e. till he attains age of 65 years or until further orders, whichever is the earliest. Gupta is former IAS officer of the Tamil Nadu cadre.

Competition Commission of India (CCI)

CCI is quasi-judicial statutory body established under The Competition Act, 2002. It was established in October 2003 and became fully functional in May 2009. Section 8(1) of the Act provides CCI shall consist of Chairperson and not less than two and not more than six Members. Presently, Chairperson and four Members are in position. It has been functioning as collegium right from its inception. It functions under Ministry of Cooperate Affairs.

CCI aims to eliminate practices that adversely affect competition in different industries and protect interests of consumers and ensure freedom of trade. Its seeks to eliminate practices having adverse effect on competition, promote and sustain competition, protect interests of consumers and ensure freedom of trade in markets of India. It also gives opinion on competition issues on reference received from statutory authority established under any law and undertakes competition advocacy, create public awareness and impart training on competition issues.

Month: Categories: India Current Affairs 2018

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PK Dash, Akhilesh Ranjan and Neena Kumar inducted as members of CBDT

Appointments Committee of the Cabinet (ACC) has appointed three senior IRS officers K Dash, Akhilesh Ranjan and Neena Kumar as new members of Central Board of Direct Taxes (CBDT). All three members belong to 1982-batch of the Indian Revenue Service (IRS). Prior to this appointment, Dash was serving as principal chief commissioner of I-T (PCCIT) in Bhopal, Ranjan and Kumar were serving as PCCsIT in Delhi. With these three new joinings, CBDT now has full house strength of five members and chairman. The two other members of CBDT are IRS officers Aditya Vikram and P C Mody while the borad’s Chairman is Sushil Chandra.

Central Board of Direct Taxes (CBDT)

CBDT is nodal policy-making body of Income Tax (IT) department under Finance Ministry. It is a statutory authority established under The Central Board of Revenue Act, 1963. It is supreme body in India for framing policies related to direct taxes and is also tasked to enforce direct tax laws in the country. The composition of CBDT includes Chairman and six members.

Month: Categories: Persons in News 2018

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