<p>Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities.</p>.<p>Speaking at the 13th annual day function of the Competition Commission of India (CCI), the minister also said that the regulator needs to have a "proactive understanding" of mergers and acquisitions.</p>.<p>"Cartelisation is going to be a challenge," the minister said. While mentioning rising commodity prices due to various factors, she said there is a need to look into the causes of the short-supply situation.</p>.<p>Her remarks come against the backdrop of spiraling inflation.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/city/top-bengaluru-stories/fm-sitharaman-visits-kalena-agrahara-lake-1109594.html">FM Sitharaman visits Kalena Agrahara Lake</a></strong></p>.<p>Sitharaman, who is also in charge of the Corporate Affairs Ministry, said the CCI needs to be sensitive as well as firm.</p>.<p>Corporate Affairs Secretary Rajesh Verma said the CCI has made critical interventions to deal with anti-competition matters.</p>.<p>He said the recommendations made by the Competition Law Review Committee (CLRC) are being examined.</p>.<p>Among other recommendations, the CLRC, which had submitted its report to the government in July 2019, pitched for a settlement mechanism to address antitrust disputes. Amendments to the Competition Act are also on the cards.</p>.<p>Speaking at the function, CCI Chairperson Ashok Kumar Gupta said that over the last 13 years, the regulator has developed a sound body of jurisprudence across sectors.</p>.<p>Sitharaman virtually inaugurated the CCI's Eastern regional office in Kolkata. This is the second regional office after the Southern regional office in Chennai was inaugurated last year.</p>
<p>Finance Minister Nirmala Sitharaman on Friday flagged concerns about possible cartelisation in markets and stressed on the need to look into the causes of short supply of commodities.</p>.<p>Speaking at the 13th annual day function of the Competition Commission of India (CCI), the minister also said that the regulator needs to have a "proactive understanding" of mergers and acquisitions.</p>.<p>"Cartelisation is going to be a challenge," the minister said. While mentioning rising commodity prices due to various factors, she said there is a need to look into the causes of the short-supply situation.</p>.<p>Her remarks come against the backdrop of spiraling inflation.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/city/top-bengaluru-stories/fm-sitharaman-visits-kalena-agrahara-lake-1109594.html">FM Sitharaman visits Kalena Agrahara Lake</a></strong></p>.<p>Sitharaman, who is also in charge of the Corporate Affairs Ministry, said the CCI needs to be sensitive as well as firm.</p>.<p>Corporate Affairs Secretary Rajesh Verma said the CCI has made critical interventions to deal with anti-competition matters.</p>.<p>He said the recommendations made by the Competition Law Review Committee (CLRC) are being examined.</p>.<p>Among other recommendations, the CLRC, which had submitted its report to the government in July 2019, pitched for a settlement mechanism to address antitrust disputes. Amendments to the Competition Act are also on the cards.</p>.<p>Speaking at the function, CCI Chairperson Ashok Kumar Gupta said that over the last 13 years, the regulator has developed a sound body of jurisprudence across sectors.</p>.<p>Sitharaman virtually inaugurated the CCI's Eastern regional office in Kolkata. This is the second regional office after the Southern regional office in Chennai was inaugurated last year.</p>