Aditya SrivastavaAIR 1 · CSE 2023 · 230 wordsTheir whole copy
Opening · a recent event
The recent 1330 crore fine on Google brought into limelight the importance of Competition Commission of India.
Body · points
Role of Competition Commission becomes very important for
→ furthering healthy competition
- Upholding level playing field.
- Providing right policy environment to support small enterprises.
- Providing the environment to prevent monopolistic tendency. Eg fine on Amazon for own product selling.
- Helps to uphold the value of "customer is king" - Eg fined Maggi for unethical use of MSG.
→ promoting innovation
- Providing the appropriate incentive for innovation in competition. Eg Jio laptops.
- Providing for the flow of ideas and better usage of resources. Eg strict startup ecosystem. Seed Fund rounds overseen.
- Provides for the efficiency in usage of limited resources. Eg Not allowing FDI in inventory model e-commerce.
→ Augmenting effectiveness
- Promotes the usage of economies of Scale. Eg right policy created for ONDC.
- Fines levied for taking away the resources of public usage. Eg Telecom fines on Vodafone using only for itself.
However, it is faced by numerous
- Challenges
- Lack of tooth to avail and levy hefty fines.
- Lack of adequate technological expertise
- Lack of separate cadre of officers & no experts in law, finance, etc.
- Government control & leads to partiality
- No autonomy in appointment, removal & day to day functioning
Way ahead
- Give a status of Autonomy via separate legislation - for ease of doing business.
- Regulate the appointment of commissioners via Committee [said by Birla Comm].
- Provide for all services - not only IAS as the heads of these. This would help to draw all investment for $5 trillion economy.
Close · a way forward
None written.