Rajya Sabha passes Competition Amendment Bill, 2023

The Rajya Sabha approved the Competition Amendment Bill, 2023, aimed at modernizing the two-decade-old anti-trust law to align with changes in the economy.
The Competition Amendment Bill, of 2023 aims to modify the Competition Act, of 2002, which authorizes the Competition Commission of India (CCI) to prevent practices that adversely impact competition and consumer interests.
The Bill was introduced to Parliament in August 2022 and referred to the Standing Committee on Finance for review.
The committee submitted its report in December 2022, and the Bill was re-introduced with a few amendments in February 2023.
The Lok Sabha passed the Bill on March 29