Competition act was passed in the year

Section 3 of the Competition Act forbids any agreement between enterprises or persons which is likely to cause or cause an appreciable adverse effect on competition within India.
There are certain exceptions to this provision.
The agreements treated as anti-competitive are listed in section 3 (3) of the Competition Act, 2002. 1.

The chamber is expected to consider the legislation in the coming weeks, though perhaps at a slower pace as representatives hash out various sections.
The Senate on Tuesday passed the U.S.
Innovation and Competition Act, a $250 billion bill aimed at countering China's technological ambitions.

Last month, Congress revived the Credit Card Competition Act.
Supporters say the legislation could save businesses and consumers money each time shoppers use a credit card.
Opponents, though, argue that the bill could pose security risks and might lead to the elimination of credit card rewards programs.