CCI orders on tyre, cement cartels soon: Chawla

The Competition Commission of India today said final orders on tyre and cement cartels are in the final stages and are expected in the next two-three weeks.

The CCI is probing alleged cartelisation by tyre and cement manufacturers, chairman Ashok Chawla told CNBC-TV18.[caption id="attachment_332110" align="alignleft" width="380" caption="CCI, chairman, Ashok Chawla. Image courtesy PIB"][/caption]

Chawla said that the exclusion of banks and telcos from the purview of CCI weakens the institution.

"If telcos and banks are excluded then CCI might well be closed down," he said.

"The CCI is totally geared up to clear FDI in pharma sector," Chawla told CNBC-TV18.

The CCI chairman was of the view that both Foreign Investment Promotion Board and CCI should not clear FDI in pharma together.

"Two different bodies for approvals are not in the interest of the stakeholders," the CCI chief said.

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The Ministry of Corporate Affairs is likely to propose no overlap between regulators, Chawla said.

In another context, the CCI chairman said government guarantee to Air India loans may have a competition issue.