In a bid to assuage corporate India's fears over key aspects of the Competition Act, 2007, the Competition Commission of India has decided to ensure that 90 per cent merger and acquisition proposals put up for its approval are cleared within 60 days. The present timeline is 210 days.
Competition Commission of India is considering amnesty plan to bust cartels.
The government hinted on Tuesday at introducing a more stringent auditing system in line with the Naresh Chandra committee recommendations, within the next one year.
Department of Company Affairs said on Friday that the independent auditor appointed to examine the Xerox ModiCorp bribery scandal is expected to submit its report shortly.
What seems to have changed over the last two-three years is that earlier the CCI considered online as another channel for retail sales, while it now seems dividing the retail market into two -- online and offline, and looking at them separately, say competition law experts.
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