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Articles

May 2012

Archive


Improving Investment Sentiment
Economic Times, May 28, 2012

By Pradeep S Mehta

When Coca Cola, among other foreign consumer goods manufacturers, was allowed to return to India in 1990s, it was not because we needed Coke, but to send the right signal to the world that we were interested in doing business with the whole world. Other than promoting healthy competition, our domestic capital availability was limited. We need foreign investment to meet our growing needs, for example, in the infrastructure sector. We would need over a trillion-dollar capital in the near future to sustain our growth. The problem is that many cannot see the big picture, or myopically pursue their self-interests. More...


Unlevel playing field is wasteful
The Financial Express, May 21, 2012

By Pradeep S Mehta

India is fraught with examples of distortion of competitive neutrality and wasteful subsidies and bailout packages. It is time we looked into the regulation of such grants as well, and wherever possible to provide cash support to the poor. The way forward is through the proposed National Competition Policy, which has addressed all these issues in depth. It is hoped that it will be adopted by the government sometime in not too distant a future. More...


Will RBI be a better judge for banking mergers?
Business Standard, May 09, 2012

By Pradeep S Mehta

Ever since the Competition Commission of India (CCI) started taking baby steps to regulate the jungle of competition abuses in the country, and some very successful cases, many started howling for an exemption from its bite. The latest one is from banking circles asking for an exemption from CCIs remit to review mergers under the Competition Act, 2002, in that sector. Other strong contenders include the Department of Telecommunications seeking an exemption for the telecom sector. These moves are tragic and will affect the integrity of our economic governance system, and should be discouraged as strongly as the demand being made for exemptions. More...


Cartels & Information Exchange
The Financial Express, May 02, 2012

By Pradeep S Mehta

In India, it also appears as if the Competition Act, 2002, has not provided for justifiable reasons for exemption, as Section 3 generally describes all such agreements as void. Since there are some information exchange platforms that can yield pro-competitive outcomes, there might also be a need for Competition Commission of India (CCI) to take a lead in calling for necessary amendments to ensure that, as is the case in other jurisdictions, only those information exchange arrangements that have an appreciable adverse effect on competition are prohibited. More...

 

See Also

Media Room

Growth is possible if bureaucracy delivers & works transparently
Daily News Analysis, December 02, 2014

An ombudsman for investor grievances
The Hindu Business Line, November 23, 2014

Tailoring competition laws for state units
The Asian Age, November 22, 2014

Aviation sector must be a lot more competitive
The Asian Age, November 06, 2014

Will India ever change?
The Hindu Business Line, November 06, 2014

 

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