Competition Law in New Economy

This book is based on the proceedings of the National Seminar organized by the University on this subject on April 23, 2016. The select papers on different topics relating to the theme, contributed by academicians representing various reputed institutions have been included in the book. The book is an attempt to publish papers relating to new competition regime, its scope, ambit and various dimensions in the present era of globalization. Competition law has grown at an incredible rate in recent years in response to the vast changes in economic scenario that have taken place around the world. In this era of globalization, there are various laws which are not only of national importance but rather they require international perspective. The Competition Law is one of such laws and this legislation gained importance in India, when at the advent 21st of century economic globalization was at its full momentum. Introduction of the Competition Act, 2002 was a key step towards India facing competition both from within the country and from international players. The objective of the Act, as stated in the preamble, is basically to provide for economic development of the country and for this purpose to establish a Commission which can prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets