- Competition Commission of India (CCI) becomes a member of the prestigious 18-member steering committee of the International Competition Network (ICN).
- The steering committee is the apex body of the International Competition Network (ICN).
- The International Competition Network comprises 140 competition agencies.
- This is the first time that the CCI has become a member of the ICN’s steering group and the membership is for two years.
International Competition Network
- It was established in 2001.
- It is an informal, virtual network that seeks to facilitate cooperation between competition law authorities globally.
- It is currently headed by Andreas Mundt of Germany.
Competition Commission of India
- CCI was formed on 14 October 2003 under the Competition Commission Act, 2002.
- It aims to eliminate practices that affect competition in the Indian market and protect the interests of the consumers.
- CCI consists of a Chairperson and 6 members appointed by the Central Government.