The Economic Times RiseAug 17, 2022"No fine on MSMEs for antitrust violations, just a warning" No fine on MSMEs for antitrust violationThe Competition Commission of India (CCI) is seen as adopting an "accommodative" approach towards antitrust violations by micro, small and medium enterprises (MSMEs) by letting them off with warnings.While the regulator has stepped up the ante against large firms involved in antitrust violations by imposing steep fines, MSMEs are not being fined, with the CCI instead issuing a "cease and desist" order - a sanction or warning against any repeat of such practices.This approach of the CCI is apparently to safeguard small firms, which are still recovering from the fallout of the Covid-19 pandemic with many continuing to face economic hardships. Penalties could make things worse for such companies.Read more at The Economic Times Rise
The Competition Commission of India (CCI) is seen as adopting an "accommodative" approach towards antitrust violations by micro, small and medium enterprises (MSMEs) by letting them off with warnings.While the regulator has stepped up the ante against large firms involved in antitrust violations by imposing steep fines, MSMEs are not being fined, with the CCI instead issuing a "cease and desist" order - a sanction or warning against any repeat of such practices.This approach of the CCI is apparently to safeguard small firms, which are still recovering from the fallout of the Covid-19 pandemic with many continuing to face economic hardships. Penalties could make things worse for such companies.Read more at The Economic Times Rise
