Competition Commission of India

• It is a quasi-judicial body.
• within the Ministry of Corporate Affairs
• established to enforce the competition law under the Competition Act, 2002
• recommendations of the Raghavan committee, the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed and replaced by the Competition Act, 2002.

Commission consists of a Chairperson and not more than 6 Members appointed by the Central Government.

VISION 

To promote and sustain an enabling competition culture through engagement and enforcement that would inspire businesses to be fair, competitive, and innovative; enhance consumer welfare, and support economic growth.

MISSION

 The Competition Commission of India aims to establish a robust competitive environment through:

• Proactive engagement with all stakeholders, including consumers, industry, government, and international jurisdictions.
• Being a knowledge-intensive organization with high competence level.
• Professionalism, transparency, resolve, and wisdom in enforcement.

Source: The Indian Express