&w=3840&q=100)
New cost norms to aid accurate checks on predatory pricing, says CCI chief
Press Trust of India New Delhi
Amidst concerns and complaints over predatory pricing ways, Competition Commission chief Ravneet Kaur on Tuesday said the new cost of production norms will help in having more accurate and objective assessment for easier enforcement outcomes.
Speaking at the function to mark the 16th Annual Day of the Competition Commission of India (CCI) in the national capital, she also said that digital markets see rapid change and the first mover advantage gets concretised very quickly.
"We have the possibility of algorithmic decision-making and self-preferencing by those having the first mover advantage," she said.
Against this backdrop, Kaur said there is a need to have a balance in looking at such conduct, where the approach is "evidence-based, proportionate and anchored in rigorous economic analysis".
Earlier this month, the Competition Commission of India (Determination of Cost of Production) Regulations, 2025 was notified.
Kaur said it is very essential to have a consistent approach for determining the costs, especially when it comes to digital markets and platforms on predatory pricing and deep discounting.
With the new norms, she said it is expected that assessing the cost of production will be much more accurate, objective and much easier for enforcement outcomes to be decided.
According to Kaur, CCI has been proactive in recalibrating its regulatory tools and framework to respond effectively to the complexities of the digital markets, globalisation and evolving business models.
"CCI is committed to ensuring that there is market access for small businesses, encourages innovation, prevents monopolistic practices and promotes digital inclusion," she noted.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
6 hours ago
- Mint
IBBI proposes cap on assignments for insolvency professionals to curb delays
New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding ₹ 1,000 crore each. The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these assignments, the IBBI said in a discussion paper on Tuesday. The move comes amid concerns that a small group of IPs is handling a disproportionately large number of assignments in some instances up to 25 cases while newly registered professionals face entry barriers due to uneven distribution of work. As of March 31, 2025, out of 4,527 registered IPs, 2,198 held valid authorisations for assignment, with many juggling multiple roles alongside their regular practice. Under the proposed framework, the IBBI said IPs already handling 10 or more assignments, whether as RP, IRP or liquidator, when the new rules come into force will not be permitted to take on fresh work until their active caseload falls below the threshold. The changes will be effected through the deletion of Clause 22 of the Code of Conduct under the IBBI's (Insolvency Professionals) regulations, 2016, and the insertion of a new norm specifically capping total assignments. In a separate discussion paper, IBBI has also proposed deleting Clause 6 from the Code of Conduct for Insolvency Professionals (IPs), citing duplication with existing rules that already govern the sale of debtor assets during liquidation and bankruptcy. Under the clause, it prohibits IPs and their relatives from acquiring assets of a debtor during liquidation or bankruptcy process unless it is shown that there was no impairment of objectivity, independence or impartiality, and the board's approval has been obtained in the matter. However, the board noted that similar prohibitions are explicitly laid out in the IBBI's Liquidation Process rules, and the Bankruptcy Process for Personal Guarantors to Corporate Debtors norms. "It is proposed that to avoid duplication and for promoting harmonisation within the Regulations, Clause 6 be deleted from the Code of Conduct for Insolvency Professionals," the IBBI said. Removing the clause from the Code of Conduct would avoid potential duplication and redundancy, and also ensure that specific prohibitions are primarily housed within the rules that govern the procedural aspects of asset realisation, it added. The Insolvency and Bankruptcy Board of India (IBBI) has invited public comments on the proposals by September 1.
News18
7 hours ago
- News18
HC rejects petitions against Karnatakas smart meter mandate
Agency: PTI Bengaluru, Aug 13 (PTI) The Karnataka High Court on Wednesday dismissed two petitions challenging the state government's decision to mandate the installation of smart pre-paid electricity meters for new consumers, despite concerns over their high cost compared to neighbouring states. Justice M Nagaprasanna, who reserved orders on July 22, noted that a Public Interest Litigation (PIL) raising similar issues is already pending before a division bench. 'Judicial discipline demands hierarchy, and propriety requires this court to show judicial hands off to the present petitions. Therefore, the subject petitions are not entertainable," the judge said. The court also recorded an earlier submission from Advocate General Shashi Kiran Shetty that the state would not compel the petitioners to install smart meters in their residences since these were not new connections. During earlier hearings, the bench had remarked on the stark price difference between Karnataka and other states, observing, 'Everywhere else it is Rs 900 for the same smart meter, here you are charging Rs 8,900 — where will poor people go? You have outsourced the work; this is dangerous. You are squeezing the poor." An interim order had been issued then, preventing the state from making smart meters compulsory in situations not covered by the Karnataka Electricity Regulatory Commission (Pre-paid Smart Metering) Regulations, 2024. Representing one of the petitioners, Senior Advocate Lakshmy Iyengar argued that the policy would eventually affect all consumers, questioning the tender process and highlighting the financial burden when other states offer the same meters at a fraction of the cost. Advocate General Shetty, however, maintained that the requirement applies only to new households, not to existing electricity consumers. PTI JR ROH view comments First Published: August 13, 2025, 20:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
7 hours ago
- Business Standard
IBBI proposes assignment cap for insolvency professionals to cut delays
The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding ₹ 1,000 crore each. The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these assignments, the IBBI said in a discussion paper on Tuesday. The move comes amid concerns that a small group of IPs is handling a disproportionately large number of assignments in some instances up to 25 cases while newly registered professionals face entry barriers due to uneven distribution of work. As of March 31, 2025, out of 4,527 registered IPs, 2,198 held valid authorisations for assignment, with many juggling multiple roles alongside their regular practice. Under the proposed framework, the IBBI said IPs already handling 10 or more assignments, whether as RP, IRP or liquidator, when the new rules come into force will not be permitted to take on fresh work until their active caseload falls below the threshold. The changes will be effected through the deletion of Clause 22 of the Code of Conduct under the IBBI's (Insolvency Professionals) regulations, 2016, and the insertion of a new norm specifically capping total assignments. In a separate discussion paper, IBBI has also proposed deleting Clause 6 from the Code of Conduct for Insolvency Professionals (IPs), citing duplication with existing rules that already govern the sale of debtor assets during liquidation and bankruptcy. Under the clause, it prohibits IPs and their relatives from acquiring assets of a debtor during liquidation or bankruptcy process unless it is shown that there was no impairment of objectivity, independence or impartiality, and the board's approval has been obtained in the matter. However, the board noted that similar prohibitions are explicitly laid out in the IBBI's Liquidation Process rules, and the Bankruptcy Process for Personal Guarantors to Corporate Debtors norms. "It is proposed that to avoid duplication and for promoting harmonisation within the Regulations, Clause 6 be deleted from the Code of Conduct for Insolvency Professionals," the IBBI said. Removing the clause from the Code of Conduct would avoid potential duplication and redundancy, and also ensure that specific prohibitions are primarily housed within the rules that govern the procedural aspects of asset realisation, it added. The Insolvency and Bankruptcy Board of India (IBBI) has invited public comments on the proposals by September 1. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
