Competition Commission of India: Ravneet Kaur has taken over as the brand new chairperson of Competition Commission of India, the regulator of competitors issues. Finance Minister Nirmala Sitharaman administered him the oath of workplace and secrecy. CCI member Sangeeta Verma was holding the cost of the Chairperson of the Competition Commission of India earlier than Ravneet Kaur took over.

Ravneet Kaur, a 1988 batch IAS officer, comes from the Punjab cadre and has over three many years of administrative expertise in numerous positions within the Central and State Governments. Ravneet Kaur will proceed because the chairperson of the Competition Commission of India for the subsequent 5 years. There was no full time chairperson of the Competition Commission of India for the final seven months. Earlier, Ashok Kumar Gupta had retired from his publish in October 2022.

Hon’ble Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman had sworn in Smt. Ravneet Kaur as Chairperson, Competition Commission of India, & Smt. Ravneet Kaur took cost of the workplace of Chairperson, CCI, right now ie, on twenty third May 2023.#CCI pic.twitter.com/Ms2T7ulTwo

— CCI (@CCI_India) May 23, 2023

Ravneet Kaur is holding the publish of Chairperson of the Competition Commission of India when the powers of the regulator have been elevated. Recently, CCI is beginning an investigation in opposition to Google for not complying with its order regardless of issuing an order relating to the Playstore coverage in October 2022. And the fee is investigating anti-trust instances in opposition to many massive tech firms together with Google. The authorities is making ready to deliver a digital competitors legislation quickly.

At current, Ravneet Kaur was posted as Special Chief Secretary within the Cooperation Department within the Government of Punjab. She has held the publish of Joint Secretary within the Department of Financial Services between 2006 and 2012 and has additionally held this publish throughout 2015 to 2019. She has been the chairperson and MD of ITDC from July 2017 to July 2019. The wage of the Chairperson of the Competition Commission of India is Rs 4.50 lakh per 30 days, which doesn’t embrace home and automobile. On May 15, the Central Government introduced the appointment of Ravneet Kaur as the brand new chairperson of the Competition Commission of India.

learn this additionally

Adani Group Stocks: Adani Port’s stock recovers losses from Hindenburg, group’s market cap on the verge of touching Rs 11 lakh crore