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The CCI chairperson indicated that the regulator would be open to coordinating with other bodies such as the data protection board and so on.
On September 19, the government appointed three new members to CCI, merely days after retirement of member Sangeeta Verma
Since the chairperson’s post was vacant for seven months, many anti-trust cases have been pending before the CCI. Ravneet Kaur has now taken charge as the chief of the competition watchdog.
The regulator tweeted that with the appointment of Ravneet Kaur as chairperson, it has now started discharging its full mandate.
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Although, Kaur may not immediately assume charge as she is still serving in her capacity as an IAS officer, she has her work cut out when she takes up the role. Here's a rundown
Kaur’s appointment comes at a time when the CCI is defending its orders in various antitrust cases in both National Company Law Appellate Tribunal and the Supreme Court. The CCI has not had a quorum for the last seven months, since its last chairperson Ashok Kumar Gupta retired in October 2022.
There has been no full-time Chairperson for the competition regulator since Ashok Kumar Gupta demitted office in October 2022
India needs USD 1 trillion worth investments within the coming five years, especially in the infrastructure sector. The government is keen to move forward quickly with further simplifying the procedures to the maximum," said Ravneet Kaur, Joint Secretary in the Department of Industrial Policy and Promotion (DIPP).
