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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.

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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.

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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.

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2024 Lok Sabha Elections

Tamil Nadu BJP chief K Annamalai says party will sweep Karnataka and emerge victorious in Telangana, accuses DMK, AIADMK of influencing voters in Coimbatore

Annamalai expressed his confidence of a historic result for the NDA on June 4, the IPS officer-turned-politician said the BJP will see a rise in its vote share in Tamil Nadu

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Tamil Nadu BJP chief and party candidate from Coimbatore seat K Annamalai said the time of Dravidian politics is over and also accused the ruling DMK and AIADMK of spending Rs 1,000 crore in Coimbatore to influence voters. Annamalai made the statement after casting his vote at Uthupatti polling booth in Karur village on Friday.

He expressed his confidence of a historic result for the NDA on June 4, the IPS officer-turned-politician said the BJP will see a rise in its vote share in Tamil Nadu. Annamalai further added people of Tamil Nadu are with Prime Minister Narendra Modi.  

He said in the state of Karnataka the party is expecting a clean sweep this time. The State BJP chief said the BJP will be the number 1 party in Telangana. He said he was confident that Tamil Nadu will deliver a very big resounding result this time. He said there will be a rise in BJP’s vote share in the state and time of Dravidian politics is over.

In Coimbatore, K Annamalai is contesting the election from Coimbatore and is facing DMK’s Ganapathy P Rajkumar and AIADMK’s Singai Ramachandran. All 39 seats in Tamil Nadu will go for voting in the first phase. K Annamalai spoke to the media after casting his vote and accused the ruling DMK and AIADMK of spending more than Rs 1,000 crore in Coimbatore to influence the voters.

He said if the ruling DMK and AIADMK can bring 1 voter in front of the media to say that BJP is trying to influence them, then he will leave politics the same day because he is running in this election as a matter of principle. The elections to the state of Tamil Nadu will be closely monitored as the state has been at the centre of the BJP’s southern push in order to realise Prime Minister Narendra Modi’s 400 paar goal.

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2024 Lok Sabha Elections

Lok Sabha elections 2024: Newly married couple cast vote in Jammu and Kashmir’s Udhampur, video goes viral

A video went viral amid the ongoing Phase 1 of the Lok Sabha Elections 2024, where a couple went to cast a vote in Udhampur soon after their wedding, in their wedding dresses

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People from all walks of life have come together to participate in the biggest festival of democracy as the Lok Sabha elections for the first phase have begun. Voters of all ages, including first-time voters, exercised their right to vote during the first phase of the election. A bride and groom appeared at the booth to cast their votes in an unusual incident that took place in Udhampur, Jammu and Kashmir.

The video of the couple is now going viral on the internet. Netizens are praising them for exercising their right. A user said these couples are inspiration to many. Another congratulated them and said they had set an example in the society.

Meanwhile, the Udhampur Lok Sabha constituency, which is comprised of the five districts of Udhampur, Kathua, Ramban, Doda, and Kishtwar, began polling at 7 a.m. despite bad weather.

In a simillar incident, Kapil Gupta married on Thursday and shortly after returned home on Friday morning, he cast his vote at a polling booth that was put up on the premises of the Jammu and Kashmir Scheduled Castes, Scheduled Tribes & Backward Classes Development Corporation Limited in Udhampur town.

He urged people to cast their ballots in big numbers, saying, voting is our right and must be done on priority.

Sahil and Radhika, another recently-wed couple, showed up at an election booth set up at an Udhampur school dressed as bride and groom.

The bride said, on Thursday, the day when they got married, she suggested to to her husband that they will go for voting. Although her vote was not there but she accompanied her husband to the polling booth.

She continued saying that she will be visiting her parents later in the day, which is in a nearby village to fulfil her democratic right as well.

In Jammu and Kashmir’s Udhampur-Kathua, voting is presently underway. However, despite of bad weather, people are going to polling boot to cast their vote. Voting is scheduled to end at 6 pm.

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2024 Lok Sabha Elections

Kamal Haasan, Rajinikanth, Vijay Sethupathi, Dhanush vote in Chennai

Superstar Rajinikanth was accompanied by his publicist and his team at the polling both. He greeted everyone and flashed his inked finger for the media.

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Superstar Rajinikanth and Kamal Haasan cast their votes at their respective polling booths in Chennai on Friday. Actor Dhanush cast his vote at the St Francis Xavier School, TTK Road. Vijay Sethupathi exercised his duty at the Chennai High School in Kilpauk.

Voting for the Lok Sabha Elections 2024 started on Friday. The people of Tamil Nadu will go for voting in the first phase of the elections today. Rajinikanth was accompanied by his publicist and his team at the polling both. He greeted everyone and flashed his inked finger for the media.

A video shows superstar Rajinikanth arriving at his booth and exercising his duty is circulating on social media. He was mobbed by fans while exiting the polling booth. Actor Kamal Haasan, and Makkal Needhi Maiam president, arrived at his election booth to cast his vote. Actor Dhanush cast his vote at the St Francis Xavier School in TTK Road at around 8 am. Vijay Sethupathi cast his vote at the Chennai High School in Kilpauk.

According to reports Ajith Kumar was one of the first actors to cast his vote in Chennai. Social media user Ramesh Bala took to X and shared a video of the actor at the polling station. The actor was seen voting in Thiruvanmiyur early on Friday. Ajith, Rajinikanth and Sivakarthikeyan spoke to the press after voting and urged people to come out and exercise their duty.

Superstar Rajinikanth will be seen next in director TJ Gnanavel’s Vettaiyan. The film features an ensemble cast including Rana Daggubati, Fahadh Faasil, Amitabh Bachchan, Manju Warrier, and Dushara Vijayan, Ritika Singh in pivotal roles. Upcoming projects of Dhanush include Raayan, Kubera and Nilavukku En Mel Ennadi Kobam. Ajith was last seen in the 2023 film Thunivu. He is currently shooting for Vidaa Muyarchi, which is helmed by Magizh Thirumeni and also stars Trisha, Arjun Sarja, Regina Cassandra and Arav in important roles.

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