Union Finance Minister Presides Over 16th Annual Day of CCI
ECONOMY & POLICY

Union Finance Minister Presides Over 16th Annual Day of CCI

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 16th Annual Day commemoration of the Competition Commission of India (CCI) in New Delhi on 20 May 2025. She highlighted CCI’s crucial role in safeguarding liberalisation and promoting an environment where enterprises compete on merit, consumers have choices, and innovation is rewarded.

Smt. Sitharaman emphasised the importance of balancing regulatory vigilance with a pro-growth mindset to build a resilient, equitable, and innovation-driven economic framework aligned with India’s vision of Viksit Bharat 2047. She praised CCI’s firm enforcement against anti-competitive practices and commitment to enabling legitimate business conduct.

The Minister underscored the need for regulators to follow the principle of ‘minimum necessary, maximum feasible’ regulation and spoke on emerging challenges such as artificial intelligence and digital markets. The establishment of the Digital Markets Division and ongoing market studies on AI demonstrate CCI’s proactive approach.

The event included the release of CCI’s “Diagnostic Toolkit Towards Competitive Tenders for Public Procurement” and “FAQs on Combinations,” which address recent legislative changes and offer practical guidance on merger control.

CCI Chairperson Smt. Ravneet Kaur reflected on the Commission’s journey, its forward-looking regulatory approach, and its alignment with India’s economic and technological landscape.

Source:Press Information Bureau, Competition Commission of India

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 16th Annual Day commemoration of the Competition Commission of India (CCI) in New Delhi on 20 May 2025. She highlighted CCI’s crucial role in safeguarding liberalisation and promoting an environment where enterprises compete on merit, consumers have choices, and innovation is rewarded.Smt. Sitharaman emphasised the importance of balancing regulatory vigilance with a pro-growth mindset to build a resilient, equitable, and innovation-driven economic framework aligned with India’s vision of Viksit Bharat 2047. She praised CCI’s firm enforcement against anti-competitive practices and commitment to enabling legitimate business conduct.The Minister underscored the need for regulators to follow the principle of ‘minimum necessary, maximum feasible’ regulation and spoke on emerging challenges such as artificial intelligence and digital markets. The establishment of the Digital Markets Division and ongoing market studies on AI demonstrate CCI’s proactive approach.The event included the release of CCI’s “Diagnostic Toolkit Towards Competitive Tenders for Public Procurement” and “FAQs on Combinations,” which address recent legislative changes and offer practical guidance on merger control.CCI Chairperson Smt. Ravneet Kaur reflected on the Commission’s journey, its forward-looking regulatory approach, and its alignment with India’s economic and technological landscape.Source:Press Information Bureau, Competition Commission of India

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?