New Delhi (thestates.news)| Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman presided over the 16th Annual Day commemoration of the Competition Commission of India (CCI), at New Delhi, today.
In her address, the Union Finance Minister said that the CCI has emerged as a key institution in safeguarding the spirit of liberalisation. Markets must work for the many, not the few, she said. The CCI’s interventions, through enforcement, advocacy, market studies and regulatory reforms, play a significant role in facilitating an environment where enterprises, big and small, can compete on merit, where consumers are empowered with choices, and where innovation and efficiency are rewarded, Smt. Sitharaman added.
Referring to India’s aspiration of Viksit Bharat 2047, the Union Finance Minister emphasised that the ability of the CCI to strike a balance between regulatory vigilance and a pro-growth mindset will be integral to building a resilient, equitable, and innovation-driven economic framework. In an export-environment-energy-and-emissions challenged world, the increased reliance on domestic growth levers requires ensuring the right balance of regulation and freedom.(S-PIB)
