Context: Government is planning to create a new regulator for each sector (like steel and cement) for tackling alleged cartelisation. This is likely to undermine the objective of combating anti-competitive conduct.
Present framework in India to deal with cartelisation: Law under the Competition Act, 2002 and Competition Commission of India (CCI) to enforce the law.
Problems in creating new sectoral regulators:
Conclusion: Thus, past experiences suggests that creating a new sectoral regulator for a specific industry may end up aggravating problems in the sector.