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The Competition Commission of India (CCI) is proposing a new "leniency-plus" regime that would allow companies under investigation for cartelisation to reduce penalties by disclosing information about other cartels. The regulator plans to seek stakeholder comments on the proposed regulations and finalize them for enforcement.
Two members likely to take oath today and join immediately
The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives. He confirmed the appointment to Reuters, but declined to elaborate.