Ensuring
observance of ‘fair trade practices’ is a continuing process and now entrusted
to the Competition Commission of India established under the Competition Act,
2002. Giving this information in written reply to a question in the Rajya Sabha
today Shri Sachin Pilot, Minister of Corporate Affairs, said that the
Commission has power to investigate and take remedial action in cases of
anti-competitive agreements, abuse of dominant position, etc. which amount to
unfair trade practices. The Commission takes action in case of violation of the
above provisions.
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