Competition Council to act as a forum to resolve turf wars among regulators

The government has said a proposed competition council will act as a forum to resolve turf wars among regulators as it fears a possible rise in disputes once the Competition Commission of India, or CCI, begins to enforce antitrust laws. As inter-regulatory conflicts will eventually hurt consumers and pose investment risks, the "NCPC (National Competition Policy Council) will help avoid overlap of mandate and interpretation of competition, jurisdiction and legislation between CCI and the other regulators," a corporate affairs ministry official said requesting anonymity. The corporate affairs ministry had come out with a draft National Competition Policy in July that seeks to assess existing public policies and ensure that these do not restrict or harm competition. Under this draft policy, it was proposed to set up an NCP Council to facilitate and assist central and state departments in reviewing rules necessary to ensure competition in various sectors.

Source : http://economictimes.indiatimes.com/news/economy/indicators/competition-council-to-act-as-a-forum-to-resolve-turf-wars-among-regulators/articleshow/9929698.cms