Competition Act in India

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Table of Contents

Introduction of Competition………………………………………………………………………2

Economic Phases in India…………………………………………………………………………4

The Competition Act, 2002……………………………………………………………………….8

Anti – Competition Agreements (Section 3)…………………………………………….10

Abuse of Dominance (Section 4)………………………………………………………...11

Regulations of Combinations (Section 6)………………………………………………..13

Competition Advocacy (Section 49)…………………………………………………….16

Competition Commission of India………………………………………………………………18

Case Studies……………………………………………………………………………………...26

Jet Airways & Air Sahara………………………………………………………………..30

European Union Competition Commission……………………………………………………...31
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The settlement of refugees was a considerable financial strain. Partition also divided complementary economic zones. Under the British, jute and cotton were grown in the eastern part of Bengal, the area that became East Pakistan (now Bangladesh), but processing took place mostly in the western part of Bengal, which became the Indian state of West Bengal in 1947. As a result, after independence India had to employ land previously used for food production to cultivate cotton and jute for its mills.
Structural deficiencies, such as the need for institutional changes in agriculture and the slow growth of much of the industrial sector, also contributed to economic stagnation. Wars with China in 1962 and with Pakistan in 1965 and 1971; a flood of refugees from East Pakistan in 1971; droughts in 1965, 1966, 1971, and 1972; currency devaluation in 1966; and the first world oil crisis, in 1973-74, all jolted the Indian economy.

During this period the government had to rely heavily upon the private savings (financing from business houses like Tatas, Birlas etc) . This made these business houses very strong and they gradually started having a strong say in the nation’s policies and economic reforms due to the financial dependency on them.

Birth of MRTP Act, 1969
The first Indian competition law was enacted
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