The commission in its Q1 on June 20 had imposed a penalty of Rs 6,307.32 crore on 11 cement companies
Cement manufactures, which have been slapped a penalty of over Rs 6,700 crore for price cartelisation, will have to comply with the order of the Competition Commission of India (CCI) within 90 days from the issue of the same, Parliament was informed today. The CCI in two cases has found 11 cement manufacturers... "in contravention of Section 3(3) (a) and 3 (3) (b) read with section 3 (1) of the Competition Act. The loss to consumers due to such violations has not been quantified," Minister of State for Corporate Affairs R P N Singh said in a written reply to the Rajya Sabha.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cement-cos-told-comply-ccis-order-within-90-days
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cement-industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/jk-lakshmi-cement
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india-cement
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/madras-cements
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/shree-cement
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
