Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Why Have Institutions Like CCI Remained Passive’ as Adani Built Monopolies, asks Congress

by | Aug 21, 2024

Jairam Ramesh alleged that the CCI was passive while approving Adani Group’s acquisitions, which built “monopolies” in ports, airports, power, and cement, often “using threats and intimidation.”

NEW DELHI – The Congress on Wednesday questioned the Competition Commission of India over its approval of all acquisitions by the Adani Group, asking why such institutions “remained passive” as the conglomerate built “monopolies” in critical infrastructure sectors, raising prices at consumers’ expense.

Congress general secretary in-charge communications Jairam Ramesh said the Competition Commission of India (CCI) has reportedly raised concerns that the proposed Reliance-Disney merger could stifle competition, .

“It is a good time to reflect on how the CCI should have also had the courage to address how the non-biological PM’s other favourite business conglomerate is acquiring companies and reducing competition across various industries,” he said in a post on X.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Climate Change to Affect the Poor More

Climate Change to Affect the Poor More

Asad Mirza International Labour Organisation’s (ILO) latest report reveals that half of the global population lacks social protection, exacerbating vulnerabilities amid the escalating climate crisis. Over 90% of individuals in climate-vulnerable countries are without...

Destroying Mosques is a New Pastime in India

Destroying Mosques is a New Pastime in India

Syed Ali Mujtaba New Delhi: It seems that after the destruction of the Babari masjid, the appetite for the demolition of mosques continues unabated in India. Media reports are agog with stories about mosques being demolished in Delhi, Haryana, Rajasthan, UP,...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *