257th Report of the Committee on Subordinate Legislation, Rajya Sabha presented

Why in news

The Committee on Subordinate Legislation, Rajya Sabha presented its 257th Report concerning various regulations and guidelines of the Competition Commission of India (CCI).

Exam relevance

GS2, GS3 · Governance, Economy, Polity · Prelims · Mains

Key facts

1. The Committee on Subordinate Legislation, Rajya Sabha presented its 257th Report.
2. The report pertains to the Competition Commission of India (Commitment) Regulations, 2024, Competition Commission of India (Settlement) Regulations, 2024, Competition Commission of India (Determination of Turnover or Income) Regulations, 2024, and Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024.
3. The Committee held deliberations and heard submissions from the Ministry of Corporate Affairs and the Competition Commission of India (CCI).
4. The report is available on the Rajya Sabha website.

Prelims pointers

• The Committee on Subordinate Legislation, Rajya Sabha presented its 257th Report.
• The report covers specific regulations and guidelines of the Competition Commission of India (CCI) for 2024.
• The Committee interacts with ministries and statutory bodies during its examination process.

Mains practice question

Examine the role of parliamentary committees like the Committee on Subordinate Legislation in ensuring the effective functioning and accountability of statutory bodies such as the Competition Commission of India. Discuss the significance of the Committee's recent report on CCI's regulations.

Static linkage

The Committee on Subordinate Legislation is a parliamentary committee that scrutinizes delegated legislation to ensure it is within the scope of the powers conferred by the Constitution and the parent Act. The Competition Commission of India (CCI) is a statutory body responsible for enforcing the Competition Act, 2002, to promote competition and prevent anti-competitive practices in the economy.

Significance

The report's recommendations and observations on CCI's regulations and guidelines are significant for understanding the evolving framework of competition law enforcement in India. It highlights parliamentary oversight on regulatory bodies and their rule-making powers, ensuring accountability and adherence to legislative intent. The focus on commitment, settlement, and penalty determination mechanisms indicates a move towards more nuanced approaches in competition regulation.