A Parliamentary panel on Tuesday really helpful varied adjustments to a invoice to amend the competitors regulation, together with bringing cartels beneath the scope of settlements as a “pragmatic recourse”. In its report tabled within the Lok Sabha, the Parliamentary Standing Committee on Finance additionally mentioned the “current prima-facie opinion timeline and that of passing the order for approval of combinations, should remain unchanged”. Under the Competition (Amendment) Bill, 2022, that was launched within the Parliament on August 5, the company affairs ministry has proposed lowering the timeline for CCI to kind a prima-facie opinion on a case to twenty days from 30 days. Also, it has proposed reducing down the timeline for approval of mixtures to 150 days from 210 days. In this regard, the committee mentioned that apprehensions have been raised by the Competition Commission of India (CCI) and stakeholders that it’ll put the authority in a troublesome and onerous place.