Cabinet approves reducing number of CCI members to three | business news | Hindustan Times
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Cabinet approves reducing number of CCI members to three

The Cabinet headed by Prime Minister Narendra Modi approved the rightsizing of CCI in “pursuance of the Government’s objective of ‘minimum government - maximum governance’.”

business Updated: Apr 04, 2018 21:16 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
CCI,Competition Commission of India,Cabinet
Competition Commission of India has one chairperson and six members. It will now have one chairperson and three members.(File Photo)

The Cabinet on Wednesday approved rightsizing of antitrust watchdog Competition Commission of India (CCI) by halving the number of its members to three.

CCI currently has one chairperson and six members. It will now have one chairperson and three members.

This, according to an official statement, would be done “by not filling the existing vacancies of two members and one more additional vacancy, which is expected in September when one of the present incumbents will complete his term.”

The Cabinet headed by Prime Minister Narendra Modi approved the rightsizing of CCI in “pursuance of the Government’s objective of ‘minimum government - maximum governance’.”

This would lead to “faster turnaround in hearings” that is expected to result in speedier approvals.

This would stimulate the business process of corporate and result in greater employment opportunities in the country, it added.

First Published: Apr 04, 2018 21:15 IST