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CORRUPTION IN INDIA

Introduction : Corruption is an age old phenomenon and can be seen everywhere now a days. It is like a cancer in public life, which has not become to rampant and perpetuated overnight, but is course of time. The word corruption means destruction, ruining or spoiling a society or nation. A corrupt society is characterized by immorality and lack of fear or respect for the law. It is the abuse of public power for private gain. Corruption comes under many different guises like bribery, extortion, fraud, embezzlement. misappropriations of public goods, nepotism (favouring family members for jobs and contracts) cronyism and influence pending. Corruption has been defined in many different ways, each lacking in some aspect. A few years ago, the question of definition absorbed a large proportion of the time spent on discussion of corruption at conferences and feelings. However like a elephant, even though it may be difficult to describe, it is generally not difficult to recognize when o

COMPETITION ADVOCACY UNDER SECTION 49 OF COMPETITION ACT,2002

COMPETITION ADVOCACY (Section 49 in the Competition Act, 2002)(as amended in 2007)  It mandates the CCI to undertake advocacy for promoting competition.It defines competition advocacy as:- The Central Government may, in formulating a policy on competition (including review of laws related to competition) or on any other matter, and a State Government may, in formulating a policy on competition or on any other matter, as the case may be, make a reference to the Commission for its opinion on possible effect of such policy on competition and on the receipt of such a reference, the Commission shall, within sixty days of making such reference, give its opinion to the Central Government, or the State Government, as the case may be, which may thereafter take further action as it deems fit. The opinion given by the Commission under sub-section (1) shall not be binding upon the Central Government   or the State Government, as the case may be, in formulating such policy. The Commissi