India Inc worried over lower deal value limit under competition bill

Friday, 25 November 2022, 19:51:24
On August 5, the government introduced the Competition (Amendment) Bill 2022 in the Lok Sabha that was referred to the standing committee. In the last two weeks, the committee has heard the concerns of various industry participants. According to the Lok Sabha website, the committee will meet with officials of Ministry of Corporate Affairs (MCA) and CCI on November 29 to “conclude oral evidence of representatives” of the officials from MCA and CCI.
— Economic Times India

CCI approves Ontario Teachers’ Pension Plan Board-Mahindra Susten deal

Friday, 25 November 2022, 15:21:29
MSPL is a wholly-owned subsidiary of Mahindra Holdings Ltd and is primarily engaged in the setting up, acquiring or owning and operating renewable energy generation projects.
— The Financial Express

CCI to pass verdict on GST profiteering complaints from Dec 1; NAA to wind up

Thursday, 24 November 2022, 07:59:00
From December 1, all complaints related to GST profiteering will be dealt with by India”s antitrust watchdog Competition Commission of India (CCI), in place of National Anti Profiteering Authority, a government notification said. Currently, all consumer complaints of companies not passing on GST rate cut benefits are investigated by the Directorate General of Anti-profiteering (DGAP), which then submits its report to the NAA.
— Economic Times India

CCI to start looking into anti-profiteering steps under GST from next month

Thursday, 24 November 2022, 06:46:00
The decision comes at a time when 50-odd cases against the constitutional validity of NAA have been clubbed and are being heard in the Delhi High Court
— Business Standard

Centre mandates CCI to check GST-related profiteering

Thursday, 24 November 2022, 06:39:55
The development ends uncertainty about the future of the anti-profiteering regime, which was introduced to prevent businesses from pocketing the tax benefits meant for consumers.
— Livemint