Competition Commission of India - Current Affairs Questions and Answers

ANSWER: Competition Commission of India

Explanation:
The International Competition Network on 9th Nov 2016 announced that the Competition Commission of India will host the 2018 ICN Annual Conference

• The conference will be held in Delhi in March-April 2018
• CCI has also been inducted as an ex-officio member of the steering group member of the ICN for 3 years
• The Competition Commission of India was set up on 14th Oct 2003 to prevent practices having adverse effects on competition
• This aims at promoting and protecting interests of consumers to ensure freedom of trade carried out by other participants in markets in India
• It has gained full functionality in May 2009
• The Competition Commission of India’s first Chairman was Dhanendra Kumar
• It has been a member of the ICN since 2003
• International Competition Network is an informal, virtual network that facilitates cooperation between competition law authorities internationally
• The International Competition Network was established in 2001 after the publication of the Final Report of the International Competition Policy Advisory Committee to the US Attorney General and Assistant Attorney General for Antitrust
• It comprises 132 members from 120 competition jurisdictions devoted to international competition enforcement
• The Annual Conference has been hosted by a member competition agency
• Last such conference was hosted by Competition Commission of Singapore in April 2016
• The next conference in May 2017 is the Portuguese Competition Authority