Factionalism in Market is A Big Problem: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman made a big statement in the annual program of Competition Commission of India (CCI). She said that the trend of gang working or factionalism in the market is a matter of concern and it will be very challenging to deal with it.

During her address at the 13th Annual Function of CCI, Sitharaman said that it is very important for the Competition Commission to have a deep understanding of mergers and acquisitions. During this, she also expressed her concern about the disruption of the supply chain of the commodities. She said that at present the prices of commodities are skyrocketing due to various reasons. Therefore, there is a special need to look into the reasons for the interruption of supply.

Significantly, this remark of the Finance Minister has come amid rising inflation in the country. Let us inform here that Nirmala Sitharaman is in-charge of the Ministry of Finance as well as the Ministry of Corporate Affairs. She emphasized in her address that CCI needs to be sensitive as well as firm. Let us tell you that during this, Sitharaman also inaugurated the regional office of CCI in Kolkata online. 

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