The Ministry of corporate Affairs has today released the Draft National Competition Policy for India for discussion among the masses and create awareness in this regard. The Committee has submitted a draft National Competition Policy to the Ministry which is placed on the website for inviting comments from all the stakeholders within three weeks, i.e. by 20th August 2011.
As would be noticed, this Policy is aimed at laying down an overarching policy framework for infusing competition principles in various policies, statutes and regulations and promoting a competitive market structure in the economy, thereby striving to achieve maximum economy efficiency in various spheres, and public welfare. This Policy also includes some suggestions on the methodology, and in the Annexure given an illustrative list of certain parameters for undertaking Competition Impact Assessment of concerned policies, regulations and procedures. All comments are welcome.
The Policy is as under: