Rajya Sabha Panel Presents 257th Report on Competition Commission of India Regulations and Penalty Guidelines (2024)
Committee on Subordinate Legislation, Rajya Sabha, reviews Competition Commission of India regulations on commitment, settlement, turnover determination and penalty guidelines
- The Competition Commission of India is India’s statutory competition regulator under the Competition Act, 2002.
- The Committee scrutinises subordinate legislation and can recommend changes to improve implementation and accountability.
- The Competition (Amendment) Act, 2023 provides the legal context for newer regulatory tools and inter-regulator coordination.
What happened
The Committee on Subordinate Legislation, Rajya Sabha presented its 257th Report on four competition-law instruments: the Competition Commission of India (Commitment) Regulations, 2024, the Competition Commission of India (Settlement) Regulations, 2024, the Competition Commission of India (Determination of Turnover or Income) Regulations, 2024, and the Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024.
Background and earlier position
Relevant for GS2: Parliamentary oversight of delegated legislation and regulatory accountability, GS3: Competition policy, market regulation, and economic governance.
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