CCI rejects plea to delink penalty from global turnover

The CCI issued the statement after it notified on Wednesday its new regulations, moving on from the earlier regime of pegging the maximum penalty to a firm's turnover in the relevant market where the abuse of law has taken place. The statement dated March 6 contains the regulator's take on the inputs submitted by 25 stakeholders on the draft Turnover or Income Regulations, 2023. The CCI had placed the draft on its website for public comments between December 22 and January 25.
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