25 September, 2020

Do We Need An Ump?

An expert panel report throws up more questions than answers on how to tackle competition

Do We Need An Ump?
outlookindia.com
-0001-11-30T00:00:00+05:53

Competition, it seems, should begin at home. True to that maxim and the deadline promised by finance minister Yashwant Sinha in the Budget, the Committee on Competition Policy (CCP) submitted an exhaustive report last week but appended with it two supplementary notes, one dissent note, one comment of dissent and one letter from a small industry association. Much like the MNCs and domestic industry, there seems to be a complete divergence of views between the economist members of the committee and the bureaucrats on how to tackle competition.

Does that affect the credibility of the report, which has otherwise got rave reviews from industry associations like cii and ficci? Committee chairman S. - .S. Raghavan told Outlook from Chennai: "It's for the public and the government to judge the credibility of our report. We wanted to send the message that growth is good. Therefore, competition should be encouraged. However, while dominance can be allowed, its abuse should be checked. In a football match, there has to be place for a referee to allow free and fair play."

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