Competition Commission of India (CCI) Current Affairs, GK & News
After the Competition Act,2002 came into existence a Competition Commission of India (CCI) and Competition Appellate Tribunal (CAT) was established. This commission was preceded by Monopolies and Restrictive Trade Practices Commission The CCI is composed of as Chairperson and 6 members, these members are appointed by the Central Government. The CCI acts as a market ..
India has planned to tighten rules for e-commerce marketplaces like Amazon and Flipkart and has proposed several amendments to Consumer Protection (E-commerce) Rules, 2020. Background This decision was taken following complaints from small businesses. They have accused e-commerce marketplace of misusing market dominance and deep discounting by online retailers. Amendments have been proposed at a ..
Month: Current Affairs - June, 2021
On January 8, 2020, the Competition Commission of India (CCI) released its report on “Market Study on E-Commerce in India: Key Findings and Observations”. The market study for the report was initiated in April 2019 by CCI. According to the report, the number of internet users have increased from 445.96 million in 2017 to 665.31 ..
Category: Reports & Indexes Current Affairs
Private sector Kotak Mahindra Bank has received its shareholders nod for merger of Bengalaru-headquartered ING Vysya Bank with itself. It was approved by the 99.30 per cent in number representing 99.93 per cent in value of the shareholders present. This approval is considered as important step for merging of two banks to form new entity. ..