Penalties Imposed by the Competition Commission of India

Up to 25.11.2013, the Competition Commission of India has imposed penalty of Rs. 8024.18 crore on 154 parties in various cases out of which an amount of Rs. 19.37 crore has been recovered and deposited in Government Account from 58 parties. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that The Competition (Amendment) Bill, 2012 introduced in the Lok Sabha, inter-alia, proposes to further strengthen Competition Commission of India (CCI). The Bill is presently under consideration of the Parliamentary Standing Committee on Finance.