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India: Govt to reduce Competition Commission members to 3

 |  April 5, 2018

In a move to check government interference in the working of antitrust regulator Competition Commission of India (CCI), the cabinet on Wednesday, April 4, cut the number of members appointed by the central government.

According to an official statement the government approved “rightsizing the CCI from one chairperson and six members (totalling seven) to one chairperson and three members (totalling four) by not filling the existing vacancies.”

Besides reducing government interference in the quasi-judicial body, the move is expected to stimulate business process of corporates and generate job opportunities by speeding up hearings and approvals, the statement added.

“The proposal is expected to result in reduction of three posts of members of the Commission in pursuance of the government’s objective of ‘minimum government – maximum governance,’” it said.

Full Content: NDTV Profit

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