Competition law upsc

The amendments to the Competition Act aim to reduce regulatory hurdles and promote ease of doing business in India.
The amendments are expected to provide greater clarity to businesses operating in India and reduce the compliance burden for companies.

Section 4 of the Competition Act prevents the dominant firm or group from engaging in certain acts.
Imposing predatory prices, denying market access, limiting the supply of products and services, and using a dominant position in one market to join another are just a few of the examples.
According to Section 5 of the Act.

The Competition Commission of India (CCI) is responsible for implementing and enforcing the Act.
The Competition Appellate Tribunal is a statutory body created in accordance with the Competition Act, 2002 to hear and regulate on appeals against any rules made, decisions made, or orders made by the Competition Commission of India.

The Competition Act of 2002 in India was enacted to create a competition law system that responds to the changing economic landscape in India and overseas.
The Monopolies and Restrictive Trade Practices Act of 1969 was repealed by the Competition Act, which dissolved the Monopolies and Restrictive Trade Practices Commission.