HC Upholds CCI probe against Flipkart and Amazon

A person must be qualified to be a judge of a High Court, or have special knowledge of, and professional experience in, international trade, economics, commerce, law, and finance for at least fifteen years.
Sheena

Updated: Jul 26, 2021 09:54:37 pm

26 July 2021 Current Affairs:E-commerce giants Amazon and Flipkart recently lost a lawsuit in the Karnataka High Court because a division bench upheld the Indian Competition Commission’s decision to investigate whether they violated the anti-competitive agreement of the 2002 Competition Act.

About Competition Commission of India (CCI) 
♦ It is a statutory body that was established in 2003 and became fully operational in 2009.
♦ It is in charge of enforcing the Competition Act of 2002 throughout India.
♦ The CCI is made up of a Chairperson and six members appointed by the Central Government.
Eligibility: A person must be qualified to be a judge of a High Court, or have special knowledge of, and professional experience in, international trade, economics, commerce, law, and finance for at least fifteen years.
Functions: It is the Commission's responsibility to:
♦ Eliminate practises that have a negative impact on competition
♦ Encourage and sustain competition
♦ safeguard consumers' interests
♦ Ensure trade freedom in India's markets.
 
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