Re: Cartelisation
Yes, 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 is clear loot and cheating. Its happening openly. Where are the authorities including CCI ????? more
Jun 19
Yes, cartelisation is a form of cheating the consumers and government should take effective steps to stop this forthwith. more
Jun 18
We have seen that so many wrongful practices are being followed in this country.Some have been inherited from British and some from Congress Govt.Even clubbing of all opposition parties will continue to encourage this.Only public has to give befitting reply during future elections. more
Jun 16
