Tag: competition Commission of India

Dr.L.H.Hiranandani Hospital[Padmabhushan]Penalized Rs 3.81karor For Anti-Competitive Conduct

Dr. L.H.Hiranandani Hospital, Mumbai Is Found Guilty Of Anti-Competitive Conduct in the stem cell banking market. Competition Commission of India(CCI)Has Imposed Penalty Of Rs 3,81 karor -On The Hospital This Is 4% of the average turnover of OP hospital.
C C I has found Dr. L.H. Hiranandani Hospital, in contravention of Section 3 of the Competition Act, 2002.This Action Has Been Taken On The Complaint Of Mr Ramakant Kini
The informant Mr. Kini had approached C C I alleging anti-competitive conduct by Dr. L.H. Hiranandani Hospital By Patronizing M/s Cryobank And Debarring Other Competitors.
Consequent upon detailed investigation by Director General, the Commission concluded that the exclusive agreement between Dr. L.H.Hiranandani Hospital and M/s Cryobank was anti-competitive being in contravention of the provisions of section 3(1) of the Act as it had caused an appreciable adverse effect on competition in the stem cell banking market.
Accordingly, C C I, under Section 27 of the Act, has passed the following order:-
“(A) The agreement of OP hospital with Cryobank for the years 2011-12 and 2012-13 are declared null and void.
(B) The OP hospital shall not enter into a similar agreement with any stem cell bank in future.”
(C)also imposed a penalty of Rs. 3,81,58,303/- calculated at the rate of 4% of the average turnover of OP hospital. The penalty is to be deposited within 60 days of receipt of the order.

Padmabhushan Dr L H Hiranandani

Padmabhushan Dr L H Hiranandani

Founder Of OP Hospital Dr. Hiranandani’s[Padmabhushan] earlier work has earned him many accolades.
[1]The American Society of Head & Neck Surgery elected him as their first Indian member.
[2] The International Federation of Otolaryngology and Head & Neck Societies awarded him the “Golden Award” the first Indian and fifth in the world to receive it.
[3]He has been voted as “Millennium ENT” by SAARC Countries.
[4]Social causes had deeply motivated him. In 1973 he gave up a vibrant private practice to undertake social work in drought areas of Maharashtra for period of 8 months
.[5] He had directed aid for the flood affected people in Odisha and Bihar.
[6] He was awarded “Maulana Azad Award” by Indian National Congress in recognition of exemplary work during 1993 communal riots in Mumbai.
[7] In the field of medical ethics he had spear-headed the passing of the Human Organs Transplantation Bill by Lok Sabha in 1994. By this act the buying of kidneys is declared as a crime.
[8] His humane nature made him stand up for the rights of people and fight against capital punishment and euthanasia.
[9]For his contribution to the nation, the Government of India awarded him the Padmabhushan (An honour bestowed to only a few) in the year 1972.
[10] In 1988, was conferred the “Dhanvantari Award”, first time awarded in the field of ENT, for his notable contribution to science of medicine

National Competition Policy is need of the hour” says Ashok Chawla

[New Delhi] National Competition Policy is need of the hour” says Ashok Chawla, Chairman, Competition Commission of India
Ashok Chawla, Chairman, Competition Commission of India has emphasised on the need to adopt National Competition Policy. He was speaking at a seminar on “National Competition Policy; Second Big Wave of Reforms”, organised by Consumer Unity & Trust Society (CUTS) International at Delhi yesterday.
Shri Chawla emphasised that the competition law is an essential tool for enforcement against anti-competitive practices but the policy is much larger. It is important for countries such as India, where States play a major role in the economic sectors and the policy paradigm in the liberalised still tilts towards State control, it is important to adopt National Competition Policy (NCP) for India.
The competition policy is important to tackle entry barriers that are inbuilt in the system and leads to more robust economic welfare and provide governance to the country.
Speaking on the occasion, Shri Arun Maira, Member, Planning Commission of India, emphasised on political-economic challenges in implementing a policy. He said that redesigning of institutions is needed to address these challenges and generating growth which is what the Planning Commission of India is attempting at the moment.
Shri Pradeep S Mehta, Secretary General of CUTS informed that many countries have adopted such policies which has resulted in higher growth and thus public welfare enhanced. Mehta gave an overview of a recent study that CUTS has undertaken which advocates for certain interventions that can help remove competition distortions that exist in the markets. This current CUTS research is a sequel to a series of research studies that had been undertaken for the Ministry of Corporate Affairs in certain key sectors to assess policy impediments to competition in them.
Mr. Andrew Soper, representing British High Commission, New Delhi, added that UK firms are increasingly interested in India from a trade and investment perspective, and hence it was necessary for British High Commission to get a better understanding of the prevailing business environment in some of these key sectors.

भारतीय प्रति‍स्‍पर्धा आयोग ने 11 जूता कंपनि‍यों पर 6.25 करोड़ रूपए का जुर्माना ठोका

भारतीय प्रति‍स्‍पर्धा आयोग[ competition Commission of India ] ने एक नि‍वि‍दा के मामले में 11 जूता कंपनि‍यों पर 6.25 करोड़ रूपए का जुर्माना ठोका जिसके भुगतान के लिए दो माह का समय दिया गया है| वि‍त्‍तीय वर्ष के सकल कारोबार के औसत पर पाँच %की दर से जुर्मानें की गणना की गई है|
भारतीय प्रति‍स्‍पर्धा आयोग ने पोलि‍स्‍टर बलेन्‍डड डक एंकल बूट्स रबर सोल की आपूर्ति‍ से संबंधि‍त एक नि‍वि‍दा के मामले में 11 कंपनि‍यों पर 625.43 लाख रूपए का जुर्माना कि‍या।
आयोग के समक्ष आपूर्ति‍ एवं नि‍पटान महानि‍देशक ने एक मामला दाखि‍ल कि‍या था।
आयोग ने पाया कि‍ इन 11 कंपनि‍यों ने प्रति‍स्‍पर्धा अधि‍नि‍यम 2002 के प्रावधानो का उल्‍लंघन कि‍या है। आयोग ने 2008-09, 2009-10 और 2010-11 के वि‍त्‍तीय वर्ष के सकल कारोबार के औसत पर पाँच %की दर से जुर्मानें की गणना की है।
आयोग ने इन कंपनि‍यों को आदेश प्राप्‍त होने के 60 दि‍न के भीतर जुर्माना जमा करने का नि‍र्देश दि‍या है।
आयोग का आदेश 2012 के मामला न. एक के संदर्भ में जारी कि‍या गया है
गौरतलब है कि भारतीय प्रति‍स्‍पर्धा आयोग देश की एक विनियामक संस्था है। इसका उद्देश्य स्वच्छ प्रतिस्पर्धा को बढावा देना है ताकि बाजार [उपभोक्ता|उपभोक्ताओं]] के हित का साधन बनाया जा सके। बीते साल के जून माह में भी इसी आयोग ने 11 सीमेंट कंपनियों को व्यापार संघ बनाकर कीमत का निर्धारण करने का दोषी ठहराते हुए ६000 करोड़ रुपए का जुर्माना लगाया था