Certain sections of the media have linked these new draft regulations to ‘e-commerce’ or ‘quick-commerce,’ alleging that platforms have engaged in unfair competitive practices by reducing prices, as claimed by some brick-and-mortar traders.
CCI has so far applied the earlier 2009 regulations in limited cases and has rightly refrained from pricing interventions in the market, which should be governed by competition.
In handling cases brought before it, CCI is expected to continue its role as a fair market regulator, while also encouraging investments in the fast-changing techno-economic landscape and meeting the needs of the economy. (Dhanendra Kumar has been the first chairman of CCI and executive director at the World Bank for India, Sri Lanka, Bangladesh, and Bhutan.
The story "CCI's draft regulations on cost in predatory pricing by dominant firms" has 732 words across 25 sentences, which will take approximately 4 - 7 minutes for the average person to read.
Which news outlet covered this story?
The story "CCI's draft regulations on cost in predatory pricing by dominant firms" was covered 8 hours ago by Business Standard, a news publisher based in India.
How trustworthy is 'Business Standard' news outlet?
Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.
The outlet is headquartered in India and publishes an average of 291 news stories per day.
It's most recent story was published 4 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.