cartelisation is a big issue
cartelisation is a big issue of controlling the market. In the Local Circles, the issue falls under Consumer Connec and must be raised and discussed so that it comes to the notice of the regulator, the Competition Commission of India who have the power of investigation into cartelisation and merger of companies leading to monopoly.
It must also be remembered that the cartelisation is a form of cheating the consumers who are unidentifiable. The unfortunate part is that the money so collected by CCI from such companies is taken as "penalty" and not returned to unidentifiable consumers who are cheated. Such money is transferred to the consolidated fund of India instead of passing on to the Consumer Welfare Fund under Consumer Protection Act. The job of the regulator like CCI is to protect consumers and compensate them for the losses caused by the trade and industry through the money so recovered.
However, the consumers may consider allowing 2-3% of the penalty amount being retained by the Regulator for meeting with its expenses on account of the case fighting in the CCI but not pay into the Consolidated Fund of India.
Views of the participants are solicited. more
It must also be remembered that the cartelisation is a form of cheating the consumers who are unidentifiable. The unfortunate part is that the money so collected by CCI from such companies is taken as "penalty" and not returned to unidentifiable consumers who are cheated. Such money is transferred to the consolidated fund of India instead of passing on to the Consumer Welfare Fund under Consumer Protection Act. The job of the regulator like CCI is to protect consumers and compensate them for the losses caused by the trade and industry through the money so recovered.
However, the consumers may consider allowing 2-3% of the penalty amount being retained by the Regulator for meeting with its expenses on account of the case fighting in the CCI but not pay into the Consolidated Fund of India.
Views of the participants are solicited. more
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Cartelisation , Monopolization and thereafter its Monetization is how most of the companies specially broadcast companies are operating , Consumer interest is protected in all civilized nations and they have adequate measures in place for the same . but here the Government is allowing fleecing of its citizens for the obvious reasons of ongoing Corruption at all places more
May 02
