Key Points
A void at the top rung of Indias competition agency underscores a chronic resource crunch and is undermining its capacity to regulate major companies in the worlds fifth-largest economy...
The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.s Google to Amazon.com Inc., is functioning with just two members half the sanctioned strength and one short of quorum..
Its also still missing a chairperson, four months after the previous chairperson retired and seven months since the search for his replacement began...
The CCI been facing a resource crunch since inception and current vacancies have virtually paralyzed competition regulation in India, said Pradeep Mehta, secretary general at advocacy group CUTS Institute for Regulation & Competition...
Managing quorum became tougher too.. Most members are retired bureaucrats, which results in leaders who are not familiar with regulation but very comfortable with control, Mehta said.. Over the years, deputation from other government departments has decreased, but even now comprises the full staff in the Director Generals office charged with investigating anticompetitive practices...
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