Panel to pick members of competition body
After blaming cartelisation in some sectors for spiralling inflation, the government has set up a five-member panel headed by a Supreme Court judge to select members for the yet-to-be operationalised Competition Commission of India (CCI).
By TNN |
NEW DELHI: After blaming cartelisation in some sectors for spiralling inflation, the government has set up a five-member panel headed by a Supreme Court judge to select members for the yet-to-be operationalised Competition Commission of India (CCI).
The government wants the panel, which also comprises senior bureaucrats, to urgently appoint members so that it could notify the recent amendments to the competition law and give the regulator enforcement powers.
The panel, which is chaired by Justice Altamas Kabir, would independently appoint members of the CCI. The selection process might still take a couple of months. Sources said apart from Justice Kabir, the panel also includes former Cabinet secretary BK Chaturvedi, chairman of Board for Reconstruction of Public Sector Enterprises (BRPSE) Nitish Sengupta and secretaries with the ministry of law and justice and the ministry of corporate affairs.
Appointments by the panel with representation from judiciary will ensure that members are selected independently and without interference from the executive. The government also believes that a judge chairing the panel would facilitate the selection of members to be seen as more transparent and fair. Corporate affairs minister Prem Chand Gupta had said earlier that CCI would be functional by mid-2008.
The government wants the panel, which also comprises senior bureaucrats, to urgently appoint members so that it could notify the recent amendments to the competition law and give the regulator enforcement powers.
The panel, which is chaired by Justice Altamas Kabir, would independently appoint members of the CCI. The selection process might still take a couple of months. Sources said apart from Justice Kabir, the panel also includes former Cabinet secretary BK Chaturvedi, chairman of Board for Reconstruction of Public Sector Enterprises (BRPSE) Nitish Sengupta and secretaries with the ministry of law and justice and the ministry of corporate affairs.
Appointments by the panel with representation from judiciary will ensure that members are selected independently and without interference from the executive. The government also believes that a judge chairing the panel would facilitate the selection of members to be seen as more transparent and fair. Corporate affairs minister Prem Chand Gupta had said earlier that CCI would be functional by mid-2008.
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