Regulatory framework vital for private participation in railways
The Dollar Business Bureau The Union Minister of Railways, Suresh Prabhu, on Monday, pitched for a regulatory mechanism to attract and check the flow of private capital into the Railways sector. The minister said the regulatory mechanism will ensure that private investments do not affect the public functioning in the sector in any way. The Union minister advocated the need for setting up of such a regulatory body, which should be independent from the service provider for attracting private players. “A regulatory mechanism is specifically required for it. That is why, we are having regulatory framework so that private participation does not compromise public interest, does not hamper public function,” said the minister, according to the sources. “Private players also need ...
High-tech markets to come under intense monitoring
The Dollar Business Bureau To ensure strict vigil on unfair practices in businesses involving internet and other networking platforms, the Competition Commission of India (CCI) will intensely analyse multi-dimensional high-technology markets. The fair trade watchdog said that it will now focus on intense analysis of multi-sided high-technology markets involving network industry and more complex markets that need greater understanding of economic theories, anti-trust analysis and theories of harm. “Recent development about net-neutrality and other high-tech issues is an area where the Commission will be stressing,” CCI member SL Bunker said on Saturday. Speaking at an international conference on competition law organised by IT and BPO industry body ASSOCHAM, Bunker said that his organisation will now shift its focus away from basic ...
