Cementing the Competition Commission’s place

Recently, the Competition Commission of India (CCI) delivered its arguably most high-profile order so far; slapping fines totalling Rs 6,300 crore on 11 cement companies for running a longstanding cartel that kept cement prices artificially high, limiting supply in the market. The CCI, which has so far been perceived as a not particularly firm enforcer of the new competition law, especially after lightly letting off some other cartels, is now in the spotlight.

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