Fair rivalry please Indias antitrust watchdog needs to get its mojo back
News Source : Livemint
News Summary
- The Competition Commission of India (CCI) was established in 2009 to rein in the misuse of market power by powerful companies.
- The CCI has since then busted cartels across a raft of sectors ranging from entertainment to cement.
- Yet, the CCI is now a fading star in India’s regulatory constellation, hobbled by loads of important pending cases.
- The regulator faces the same challenge that many in India seeking justice are up against—a plodding, time-consuming legal process.
In 2012, Dr LH Hiranandani Hospital in Mumbai denied a couple, Manu Jain and Saurabh Kumar, the right to choose their preferred stem cell banker. The couple did not turn to the judiciary or even a co [+5673 chars]
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