competition commission of india]
- In its order passed on Wednesday, the regulator said the allegations of abuse of dominance specifically relate to arbitrary increase in interest rate on home loan and increase in tenure of home loan by the bank on the basis of one-sided conditions in the loan agreement.
Nirmala Sitharaman Press Meet Highlights: Finance Minister announces mega merger of 10 state-run banks into 4 banks
Union Finance Minister Nirmala Sitharaman addressed a press conference amid expectations that government would announce more steps to accelerate economic growth.On Thursday, the union minister held a media briefing where she discussed development schemes for the northeast region besides direct tax and GST.“We can front-load some public spending by the Centre,” Sitharaman said during the press conference in Guwahati. A week earlier, finance minister had asked the Competition Commission of India to protect Indian businesses and consumers against foreign companies by taking suo motu action against them.Read highlights here: