Monopolies Inquiries Commission

Monopolies Inquiries Commission: (Submitted Report 1965)

The Mahalanobis committee recommendation was accepted by the government and under the Commissions of Inquiry Act 1952, a Monopolies Inquiry Commission was established in 1964. This commission was headed by Justice K.C. Dasguta and so also known as Dasgupta Commission. The major term of reference to this commission was to enquire into the extent and effect of concentration of power in private hands and prevalence of monopolistic activities and also to suggest necessary legislations in light of such inquiry. The Dasgupta Commission submitted its report in 1965 and it observed that “there were dangers from concentrate economic powers and monopolistic practices and they exist in large measure at present or potentially“. So the commission recommended the government to avert or minimize these dangers.