The aviation disruptions in India stem from operational and regulatory failures, highlighting the need for stronger DGCA oversight, rather than competition law, to address structural issues and protect passengers
It is a settled position under the Indian law that once an entity is established as a dominant enterprise in a given relevant market, there is a special responsibility casted upon it to comply with the provisions of the Competition Act, 2002. In the case pertaining to Google and WinZo the Commission has held that it is a ‘practical necessity’ for technology firms to be present on Play Store given its overarching presence in the Android ecosystem
However, they feel that two co-existing anti-trust laws may lead to over-regulation and add to the compliance burden of firms, the burden of which ultimately the consumer may have to bear.
NTPC acquired equity shares of RGPPL in 2020 from its lenders in lieu of some repayment, as a result of this acquisition, its share capital in Ratnagiri Gas increased from 25.98 percent to a little over 60 percent
The committee in its 63rd report has noted that the government had earlier informed that the digital competition law would be finalised by May 2023, however the deliberations are ongoing.
In April 2023, the President of India gave assent to the Competition Amendment Bill, 2023, which ushered in a series of changes to competition law for the first time since 2009.
Balbir Singh, partner, DSK Legal explains to CNBC-TV18 that the penalty is harsh considering market conditions and the companies‘ balance-sheets. He also adds that the competition law in India cannot be based on similar laws in the US or EU where the markets are much more mature and the competition is rigourously controlled.
Rajeev Talwar, group executive director of DLF, in an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, spoke about the latest happenings in the company and the road ahead.
By: Prashant Kapoor of KPMG