Thursday, November 13, 2008

'The Competition Commission will need to attract the best talent from the market'

Should competition law focus on `concentration'?

The Competition Act, expected to be operationalised soon so as to supersede the archaic MRTP (Monopolies and Restrictive Trade Practices) Act, is seen as an attempt to make the Indian laws more contemporary and bring them in line with the modern anti-trust laws.
But there seem to be a few niggling areas of concern, such as whether deals that not long ago raced at a fiery pace may now meet with obstinate speed-breakers.
The new Act deals with the challenges of monopolies and seeks to ensure the sustenance of competition for the benefit of industry and consumers, concedes Mr Prasanto Sengupta, Director, Corporate Finance, KPMG India.

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