Rajya Sabha Committee Report on Competition Law Regulations 2024
UPSC / SSC current affairs note · Polity
Why in news
The 257th Report of the Committee on Subordinate Legislation, Rajya Sabha, was presented on 21 July 2026, reviewing four key regulations of the Competition Commission of India (CCI). The report recommends comprehensive review of the competition law framework, enhanced public awareness, and better engagement with MSMEs and startups.
Background
The Committee on Subordinate Legislation examines rules and regulations framed under various laws. This report focuses on four CCI regulations/guidelines from 2024: Commitment Regulations, Settlement Regulations, Turnover/Income Determination Regulations, and Guidance Principles for Monetary Penalty.
Key facts
The 257th Report was presented in Rajya Sabha on 21 July 2026 by Chairman Shri Milind Murali Deora.
The report covers four CCI regulations/guidelines: Commitment Regulations 2024, Settlement Regulations 2024, Turnover/Income Determination Regulations 2024, and Guidance Principles for Monetary Penalty 2024.
The Committee recommends periodic comprehensive review of the entire competition law regulatory framework with stakeholder consultation and global benchmarking.
It emphasizes the need for continuous updating of competition laws to address rapid changes, especially in the digital era.
The Committee notes increased public awareness but calls for more efforts, especially for MSMEs, startups, and emerging businesses.
It recommends CCI strengthen awareness and outreach programs through deeper engagement with industry chambers, trade associations, and business organizations.
The Committee suggests promoting voluntary compliance by publicizing benefits, procedural timelines, and cost savings in judicial proceedings.
It encourages CCI to continue using suo motu powers to take cognizance of anti-competitive practices.
The report is available on the Rajya Sabha website.
Prelims pointers
- Committee on Subordinate Legislation, Rajya Sabha
- 257th Report
- Competition Commission of India (CCI)
- Commitment Regulations 2024
- Settlement Regulations 2024
- Turnover/Income Determination Regulations 2024
- Guidance Principles for Monetary Penalty 2024
- MSMEs
- Suo motu powers of CCI
- 21 July 2026
Mains angles
- GS2: Parliamentary Committees – role and functioning of Committee on Subordinate Legislation
- GS3: Competition law and regulatory governance in India
- GS3: Need for periodic review of economic regulations in digital age
- GS3: Challenges of MSMEs and startups in complying with competition law
- GS2: Public awareness and voluntary compliance in regulatory frameworks