As it pursues efforts to ensure fair trade practices in the market place, CCI Chairperson D K Sikri has said the leniency provisions are "fantastic" in enforcement actions against cartels In recent months, the Competition Commission of India (CCI) has passed quite a few orders against entities for indulging in cartelisation, especially in bidding process. In some cases, the regulator has slashed the penalties on the entities concerned after invoking leniency provisions under the competition law.To a query on how leniency provisions have been helping in acting against cartels, Sikri told that it has been "fantastic".The CCI chief said that initially, when the competition law was being implemented, entities left "smoking gun evidence" and many did not know what a cartel means. "When we have issued orders, they are very cautious. In the board room, they don't leave any evidence. In this matter, the CCI had imposed a total fine of more than Rs 3.5 crore on six firms and some of their executives.The CCI has the mandate to keep a tab on unfair business practices across sectors.

Source: Economic Times May 13, 2018 12:45 UTC