InderPal Singh Bindra Appointed as CCI Secretary

Indian Revenue Service officer InderPal Singh Bindra will soon take charge as the Secretary of the Competition Commission of India (CCI). Bindra will replace IRS officer Anupama Anand, who has resigned within eight months of joining the regulator.

Achievement of InderPal Singh Bindra

Bindra’s tenure at the CCI is slated for a period of three years from the date he assumes office. The CCI is tasked with monitoring and curbing unfair business practices while promoting an environment of fair competition.

Word Competition

Competition is the best means of ensuring that the ‘Common Man’ or ‘Aam Aadmi’ has access to the broadest range of goods and services at the most competitive prices. With increased competition, producers will have maximum incentive to innovate and specialize. This would result in reduced costs and wider choice to consumers. A fair competition in market is essential to achieve this objective.

• Goal is to create and sustain fair competition in the economy that will provide a ‘level playing field’ to the producers and make the markets work for the welfare of the consumers.

About Competition Commission of India

The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002 to promote competition and prevent activities that have an appreciable adverse effect on competition in India. The CCI looks into cases and investigates them if the same has a negative impact on competition. CCI also approves combination under the act so that two merging entities do not overtake the market. The commission was established on 14 October 2003. It became fully functional in May 2009 with Dhanendra Kumar as its first chairman.

• CCI consists of a Chairperson and 6 Members appointed by the Central Government.
• It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.