Discuss the role of the Competition Commission of India in containing the abuse of dominant position by the Multi-National Corporations in India. Refer to the recent decisions.

CCI is a statutory body created by an Act of Parliament to maintain competitive environment.

Conducive regulatory ambience & consumer welfare

1. Prohibits anti competitive trade & business practices.

2. Ensures legal mergers & acquisitions discouraging hostile acquisitions.

3. Earlier rules of restrictions on sectors of operations, quantity & quality of production and

areas of operation are effectively eliminated barring few exceptions.

(4) Prevents formation of monopolies in market → lowers prices for consumers.

CCI has emerged conducive to liberalised economy post 1991.