Regulators ensure fair play, no 'great incoherence': CCI chief
PRESS TRUST OF INDIA
New Delhi, Jan 19: Downplaying perceptions of regulatory turf wars, Competition Commission Chairman Ashok Chawla has said that all regulators seek to ensure fair play in their respective areas and there is "no great incoherence and conflict" amongst them. The Competition Commission of India (CCI), relatively a new entity in the country's regulatory landscape, has found itself in the middle of various turf issues, including those related to banking and power sectors.
Speaking on the issue of overlaps between various regulators, Chawla told PTI in an interview that people tend to "make too much of this thing".
CCI Chief said that all regulatory Acts in the country have some reference to encouraging competition and protecting the interests of consumers.
"The state is slowly ceding its functions to various regulators... There is no great incoherence, I would say, if every sectoral regulator tries to ensure that the player in that field operate appropriately and according to the rules that they may lay down, whether it is electricity or telecom," Chawla said.
According to Chawla, even though issues among regulators are seen as some kind of conflict, "there is no conflict".
"Most of the issues get settled as things go through. That happens with all regulators and all over the world," he added.
Recently, differences are said to have emerged between CCI and electricity regulator CERC regarding regulation of competitive aspects of the power sector. There have been similar issues involving other regulators as well.
Lastupdate on : Sat, 19 Jan 2013 21:30:00 Makkah time
Lastupdate on : Sat, 19 Jan 2013 18:30:00 GMT
Lastupdate on : Sun, 20 Jan 2013 00:00:00 IST
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