English हिन्दी
Connect with us

India News

Finance Minister Nirmala Sitharaman urges CCI to have proactive understanding of market, cautions of cartelisation threat

The Competition Commission of India celebrated the 13th Annual Day on May 20, which was attended by Finance and Corporate Affairs Minister Nirmala Sitharaman as Chief Guest.

Published

on

Finance Minister Nirmala Sitharaman
The Competition Commission of India celebrated the 13th Annual Day on May 20, which was attended by Finance and Corporate Affairs Minister Nirmala Sitharaman as Chief Guest.

The Competition Commission of India (CCI) celebrated the 13th Annual Day on May 20, which was attended by Finance and Corporate Affairs Minister Nirmala Sitharaman as Chief Guest. The event was held at DRDO (Defence Research and Development Organisation) Bhavan in New Delhi.

In her address, Sitharaman emphasized the need to look at situations that don’t cause either price hikes or supply manipulation. Talking about the real reasons behind supply disruptions, the minister said Covid-19 has shown cascading effects and threatened the country’s economy.

Amid the rising inflation and geopolitical tensions, Sitharaman urged the CCI to upskill itself in dealing with new challenges in the fast-changing domestic and international business landscape. She also said that CCI should have a proactive approach and understanding of what is shaping markets in the ongoing crisis.

Sitharaman also virtually inaugurated the Eastern regional office of CCI in Kolkata. This is the second regional office after the Southern regional office in Chennai, which opened last year. While launching an upgraded website of CCI, she called on CCI to understand the technical nuances of the new digital era and if these markets are being used fairly, effectively, and transparently for the benefit of consumers.

Sitharaman also released CCI’s Competition Advocacy Booklets translated into two more languages—Kannada and Malayalam. Appreciating the CCI for adding two more languages, Sitharaman also emphasized the importance of including FAQs on the website so that users don’t have to browse through the booklet multiple times. She believes that FAQs should be utilized to distribute information in a ready-to-use format, bolstering CCI’s position as a proactive and forward-thinking statutory body and that such guidance will assist market players in taking preventative steps.

Read Also: Madhya Pradesh: Differently abled man beaten to death over suspicion of being Muslim

The challenges are becoming more complicated, complex, and technology-driven. She added that the Competition Commission will need to have certain skill sets in order to stay on top of challenges and never fall behind. According to her, cartelization would be an issue due to corporations scaling up and expanding into areas where demand is high.

CCI Chairperson Ashok Kumar Gupta also stated in his address that the agency has created a solid body of legislation across sectors over the past 13 years. The CCI has analyzed over 1,100 antitrust cases, and 900 mergers, and organized over 1,200 advocacy events in the last 13 years.

Moving ahead, Gupta said that toolkits for antitrust and mergers should be sharpened to account for the data-centric environment, as India has become one of the largest and fastest expanding digital consumer bases in the world.

Uttarakhand: Safety wall collapses on Yamunotri highway, 10,000 people stranded

Now, Chhattisgarh minister compares state roads with Hema Malini’s cheeks, here’s how CM Bhupesh Baghel reacted

India News

Tamil Nadu potboiler: Now, Sasikala to launch new party ahead of election

Sasikala has announced the launch of a new political party ahead of the Tamil Nadu Assembly elections, positioning herself against AIADMK chief Edappadi K Palaniswami.

Published

on

In a significant political development ahead of the Tamil Nadu Assembly elections, expelled AIADMK leader V. K. Sasikala has announced that she will float a new political party and contest the polls by fielding her own candidates.

Speaking in Madurai before heading to Pasumpon for a public event, Sasikala said she would unveil her party’s flag later in the evening. She indicated that more details regarding the party’s structure and plans would be shared at the gathering.

The event venue carries political symbolism. Pasumpon is the birthplace of Thevar leader Muthuramalinga Thevar, and Sasikala herself belongs to the influential Thevar community in southern Tamil Nadu. The programme was held as part of birth anniversary events of former Chief Minister J. Jayalalithaa.

Direct challenge to EPS

Sasikala’s move is being viewed as a direct political challenge to AIADMK general secretary Edappadi K. Palaniswami (EPS). After Jayalalithaa’s death in 2016, Sasikala briefly took control of the party and had appointed Palaniswami as Chief Minister. However, following her conviction in the disproportionate assets case, she served a four-year prison term, and during that period, she was expelled from the party.

Palaniswami later aligned with O. Panneerselvam, whom Sasikala had earlier removed from the Chief Minister’s post. The two leaders subsequently adopted a dual leadership arrangement within the party and government.

Sasikala remains disqualified from contesting elections until 2027 due to her conviction. Nevertheless, she has stated that she intends to field candidates under her new party banner.

Fragmented Thevar vote base

Over the years, expulsions within the AIADMK — including Sasikala, her nephew TTV Dhinakaran and O Panneerselvam — have led to divisions within the Thevar support base. Political observers have linked this fragmentation to the party’s weakened electoral performance in the elections following Jayalalithaa’s passing.

While Dhinakaran has returned to the NDA fold, reports suggest Palaniswami is opposed to any arrangement that includes Sasikala or Panneerselvam. OPS, meanwhile, has exited the NDA.

Sasikala has repeatedly criticised Palaniswami, describing him as a betrayer, while he maintains that his leadership stems from the support of AIADMK legislators rather than her backing.

The AIADMK has not issued an official statement on Sasikala’s announcement. However, a senior party leader questioned her political standing, pointing out her disqualification from contesting elections and referring to legal issues linked to Jayalalithaa’s death.

With the Assembly polls approaching, Sasikala’s re-entry into active politics could further complicate the opposition space in Tamil Nadu and influence electoral calculations, particularly in the southern districts.

Continue Reading

India News

As stealth reshapes air combat, India weighs induction of Sukhoi Su-57 jets

India is assessing the possible induction of up to 40 Sukhoi Su-57 fifth-generation fighter jets as stealth becomes central to future air combat strategy.

Published

on

Sukhoi Su-57 jets

Aerial warfare is increasingly being defined by the ability to remain undetected rather than by traditional dogfighting skills, and India is now assessing options to strengthen its capabilities in this new paradigm. Defence circles are abuzz with indications that the Indian Air Force may consider procuring up to 40 Russian fifth-generation Su-57 fighter jets, according to sources.

The possible move comes less than a year after Operation Sindoor, which was launched in May last year following the Pahalgam terror attack. The air engagements with the Pakistan Air Force during the operation are understood to have provided fresh operational insights, prompting discussions on future preparedness.

Why stealth is central to fifth-generation fighters

Fifth-generation fighter aircraft are designed with a strong emphasis on low observability. Platforms such as the Su-57 incorporate airframes shaped to reduce radar signatures and use radar-absorbent materials to make detection more difficult across radar, infrared and visible spectrums.

These aircraft typically integrate advanced avionics, sensor fusion and supercruise capabilities. They are also configured to carry specialised weapons internally, enhancing stealth during combat missions.

According to information available on Sukhoi’s official platform, the Su-57 is equipped with a deeply integrated avionics suite that offers a high level of automation and intelligent crew support. Its onboard systems enable it to operate autonomously and exchange data in real time with ground control systems or as part of a coordinated task force.

The aircraft can deploy a broad range of air-to-air and air-to-surface munitions, allowing it to undertake both fighter and strike roles. Sukhoi states that the jet is capable of conducting covert missions owing to reduced visibility across multiple wavelength ranges.

The Su-57 is also fitted with an auxiliary power unit designed to improve deployment autonomy and lower fuel consumption during ground operations. An onboard oxygen extraction unit enhances operational endurance. Additionally, the aircraft features an explosion-proof fuel tank system described as a generator-type neutral gas system, aimed at improving combat survivability.

Regional security context

The reported deliberations come amid evolving regional dynamics. China, regarded as Pakistan’s close strategic partner, has developed the J-20 fifth-generation stealth fighter, and there are indications that such capabilities could eventually be shared with Pakistan.

India is also pursuing its own fifth-generation programme, the Advanced Medium Combat Aircraft (AMCA). The first flight of the AMCA is expected around 2028 or 2029, with induction into the Air Force projected around 2035.

In this backdrop, any decision on the Su-57 would form part of a broader effort to ensure that the Indian Air Force remains prepared for future aerial warfare scenarios where stealth and advanced sensing capabilities play a decisive role.

Continue Reading

India News

RSS chief backs nationwide rollout of Uniform Civil Code, cites Uttarakhand model

RSS chief Mohan Bhagwat has supported nationwide implementation of the Uniform Civil Code, urging adoption of the Uttarakhand model.

Published

on

Mohan Bhagwat

Rashtriya Swayamsevak Sangh chief Mohan Bhagwat has expressed support for implementing the Uniform Civil Code (UCC) across the country, stating that it would be a “very good thing” if adopted nationwide. He suggested that the framework introduced in Uttarakhand could serve as a model for other states.

Speaking at a former servicemen’s dialogue seminar organised to mark the RSS’s 100th anniversary, Bhagwat said the UCC should be implemented in a manner similar to the approach followed by Uttarakhand. The hill state became the first in the country to enforce the Uniform Civil Code on January 27 last year.

Highlighting the process adopted in Uttarakhand, Bhagwat noted that after a draft proposal was prepared, it was opened for public discussion. According to him, suggestions from nearly three lakh people were received, and these inputs were examined and incorporated.

Describing the UCC as essential for societal unity, the RSS chief said such a legal framework would strengthen social cohesion.

When asked about the ongoing issue concerning the University Grants Commission, Bhagwat declined to comment, stating that the matter is currently under consideration by the Supreme Court of India.

Addressing retired personnel from the armed forces and paramilitary services at the event, Bhagwat underlined the continuing importance of defence forces, even in an independent nation, to safeguard sovereignty.

He also reflected on the journey of the RSS, saying the organisation was established without external resources and continued to grow despite facing severe sanctions on two occasions. He attributed its progress to the confidence and support of society.

Encouraging participation, Bhagwat invited former servicemen to attend Sangh camps and programmes to observe the work of volunteers and contribute to service activities based on their interests and abilities.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com