India's competition regulator Competition Commission of India has absolved sugar manufacturing associations and their members of cartelisation and price manipulation charges.  Earlier, the competition regulator had sent a notice to sugar mills associations and their members charging them of cartelisation and price manipulation. The suo motu action charged Indian Sugar Mills Association (Isma), National Sugar Mills Co-operative Federation, and some private sugar firms of cartel violation.  However, the sugar associations and companies...

-The Times of India   The Competition Commission of India (CCI) has given an assurance that as a regulator, it is committed to discharging its legal mandate on any anti-competitive behaviour by potential entrants arising from the government's decision to raise the FDI limit to 51% in multi-brand and 100% in single brand retail. This statement is expected to soothe the nervousness of those with genuine concerns about the adverse competitive implications...

-The Times of India   There seems to be no end in sight to the plight of farmers as Nafed, have not yet started procurement of the produce despite the season beginning almost a month back. CCI had earlier announced that it would enter the cotton trading but changed its stand later saying that it may begin purchases as per the open market trend. This has upset cotton growers. Lack of agreement between...

Caught in the middle of a maelstrom of controversies, the Planning Commission has been accused of being disconnected from ground realities. Its 12th Plan hopes to fix that. A short while ago, the Congress general secretary and scion of the Nehru-Gandhi dynasty, Rahul Gandhi, remarked that members of the Planning Commission are not in touch with the ground realities in India. He could have been somewhat influenced by his father, former...

-PTI   Team Anna member Arvid Kejriwal has been slapped with a fresh notice by the Income Tax Department, asking the former IRS officer to pay over Rs nine lakh in dues by this month-end.  Earlier, the Office of the Chief Commissioner of Income Tax (CCIT) had on August five issued a notice to him in the case.  Sources said a fresh notice has been issued to Kejriwal, who, the department claimed, had violated...