Updated By: LatestGKGS Desk
Appointments Committee of the Cabinet (ACC) chaired by PM Narendra Modi has appointed former IAS officer Ashok Kumar Gupta as the new Chairperson of Competition Commission of India (CCI).
Ashok K Gupta is former IAS officer of the Tamil Nadu cadre. He will be replacing acting CCI Chairperson Sudhir Mital.
Ashok K Gupta will attain the post till 25th October 2022 as the date he attains the age of 65 years or until further orders, whichever is the earliest.
CCI is a quasi-judicial statutory body established under India Competition Act, 2002. It was established in October 2003 and became fully functional in May 2009.
CCI comprised of a chairperson and not less than two and not more than six Members. It functions under the Ministry of Cooperate Affairs.
CCI aims to eliminate practices that adversely affect competition in different industries and protect the interests of consumers and ensure freedom of trade. It also aims to eliminate practices having an adverse effect on competition, promote and sustain competition, protect interests of consumers and ensure freedom of trade in markets of India.
CCI also gives an opinion on competition issues on a reference received from statutory authority established under any law and undertakes competition advocacy, create public awareness and impart training on competition issues.
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