We need a competition law regime that fosters rivalry4 min read 25 Aug 2022, 11:38 PM IST
As a bill for a new competition regime is deliberated upon, our revised law should reduce regulatory discretion and help coordinate sectoral regulation to boost the intensity of rivalry
A law is a by-product of—and responds to—the challenges of the times it is enacted in. As the Standing Committee on Finance chaired by Jayant Sinha examines the Competition (Amendment) Bill, 2022, I recall deliberations from almost 20 years ago during the adoption of the Competition Act of 2002, helmed by his father, the then finance minister Yashwant Sinha.
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