LG

Lavanya GaurAIR 57· 2024

Question Q4GS2GS2

Fair competition is the cardinal principle of free market economy. In this context, discuss the role of Competition Commission of India and compare its position with anti-trust institutions of other countries.

Open scan (p.10)

Main Body

When compared to the anti-trust institutions in other countries like USA FTC is a statutory and quasi-judicial body formed with an aim to ensure the provision of the Constitution Act 2002. It plays a vital role in ensuring fair competition within is the cardinal principle of free market economy in following major → 1. Eliminates practices using undermines the spirit of fair competition, en: CCI suspended is permission for Zomato's deal unit future goods and game it to balance one to analyse of [illegible] by Amazon. 2. Promoting consumer welfare – prevent interests of consumers. 3. Helps in ensuring fair trades is market economy of india. 4. Promote competition advocacy and provide training on competition related institutions.

— Lavanya Gaur · AIR 57

117 words1 paragraphs

Conclusion

CCI working in free & fair manner will ensure keep in preventing the democratic ethos, hence reforms should be taken for footing.

22 words

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Topper

Lavanya Gaur

AIR 572024

Subject & Paper

GS2GS2

Topic

Statutory, Regulatory and Quasi-judicial Bodies

Regulatory Bodies

Competition Commission of India

Writing Stats

139

Total words

1

Paragraphs