CCI drew Rs 840 crore in fines from 126 companies in final three years: Anurag Thakur
The Competitors Fee of India (CCI) in 2018-19 imposed a complete penalty of Rs 337.1 crore on 77 corporations in 17 instances, says Union Minister Anurag Singh Thakur
PTI New Delhi Final Up to date: February 10, 2020 | 22:07 IST
The Competitors Fee imposed a complete penalty of over Rs 840 crore on 126 corporations within the final three monetary years for indulging in anti-competitive practices, Union Minister Anurag Singh Thakur stated on Monday.
Throughout 2016-17, the truthful commerce regulator levied a complete positive of Rs 208.39 crore on 18 corporations in four instances, whereas a positive totalling Rs 295.35 crore was imposed on 31 corporations in 9 instances in 2017-18, the Minister of State for Finance and Company Affairs stated in a written reply within the Lok Sabha.
The Competitors Fee of India (CCI) in 2018-19 imposed a complete penalty of Rs 337.1 crore on 77 corporations in 17 instances, he added.
He additionally knowledgeable the Home that the federal government constituted Competitors Regulation Overview Committee on October 1, 2018 to evaluate the Competitors Act, 2002 which has submitted its report with suggestions to strengthen the framework of cartel associated provisions.