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CCI opens probe into ‘cartelisation’ by steel mills
February 10, 2021
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Will suo motu investigate if any concerted price setting has happened
After cracking down on cement companies, the Competition Commission of India has launched a probe against steel companies for forming a cartel to increase prices consistently over the last seven months.
The anti-trust regulator will scrutinise the business strategies of leading steel companies to check if they have colluded to jack up prices artificially.
Though user industries have been complaining about the recent spike in steel prices making them uncompetitive both in global and domestic markets, the CCI has taken up the investigation
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If a policy becomes a “political football”, with every political change, the policy changes. But policy is a marathon, not a sprint, and sometimes takes years for it to mature and emerge, said Nandan Nilekani, co-founder and chairman, Infosys.
Policies require bipartisan support and persuasion by different parties to ensure that they remain consistent, he said, while delivering a lecture organised by the Public Affairs Forum of India (PAFI).
Citing an example Mr. Nilekani said Kamal Nath, when he was Union Road Transport Minister, asked him how to simplify highway toll collections. Following this, a committee was set up and it suggested RFID tags so that vehicles could pass through tolls without having to stop to pay. The current Transport Minister Nitin Gadkari pursued it and introduced FASTag system and all these led to an increase in toll revenues, he said. Another example is the Aadhaar project which was started by the UPA government and the cu
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