Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: form 3cd :: articles on VAT and GST in India :: empanelment
 
 
« Mergers and Acquisitions »
 Mergers, acquisitions and consolidation are driving the 3PL industrya
 How Mergers & Acquisitions Could Boost
 Preparing for International Mergers and Acquisitions
 Merger control regime: CCI sharing concerns at early stages would reduce trust deficit
  Deals of the day-Mergers and acquisitions
 Oil companies’ mergers: Indian Oil Corporation chairman B Ashok says ‘Worthwhile to look at the possibilities
 It's complicated: Regulatory hurdles that Vodafone-Idea merger could face
 China FX head Pan Gongsheng says overseas mergers and acquisitions like ‘a rose with thorns’
 Technology drove Michigan's mergers and acquisitions in 2016
  Pharmaceutical Mergers And Acquisitions – M&A In The Biopharmaceutical Industry And The Impact On Innovation
 Road ahead for Indian M&A seems brightly lit: PwC report

Bank mergers could lead to too-big-to-fail entities: Chidambaram
May, 22nd 2013

Union Finance Minister P Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks.

Addressing the Annual Day function of the Competition Commission of India (CCI) in New Delhi on Monday, he underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world.

"Are our regulators well positioned to evaluate the consequences to competition in different sub-markets and across regulatory jurisdictions? Is there a role for the CCI here? Finally, we have seen bank mergers lead to too-big-to-fail entities.

"What constitutes a merger too far? How do the relative merits of prudential regulation and competition regulation weigh? We have not confronted these issues as yet in India, but undoubtedly will have to in the not too distant future, and will have to prepare for them," he said.

He further highlighted that some public sector banks among the 26 public sector banks may be better off merging.

Chidambaram further appreciated CCI for bringing about a transformational change, and providing much-needed oversight of a liberal and open economy in a short span of 4 years.

The finance Minister also highlighted that the most fascinating development of the last 22 years is the number of unknown entrepreneurs who have built huge and successful businesses and taken over as leaders in their fields. Hence, the need for an effective Competition Commission that favours none and spares none.

He said there was a need to focus on five key issues for competition policy. These are: mergers and acquisitions, natural monopolies, regulatory capture, governance biases towards Public Sector Enterprises, and predatory behaviour.

Chidambaram cited the example of the Telecom sector that has thrived with competition. Indian call rates are amongst the cheapest in the world, as Indian firms have evolved a uniquely Indian business model.

Chidambaram further advised CCI to keep an eye open for any anti-competitive behavoiur behaviour and ensuring that the public is well served. Regulating the sectoral regulator in these matters, while difficult and fraught with legal difficulties, is an essential role the Competition Commission may have to play.

He also advocated the need to bring public sector enterprises under scrutiny for anti-competitive practices considering that India now has an open economy, where the private sector has to compete with the public sector. He said that a key issue for any Competition Authority is to prevent predatory.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions