Once this programme is set in motion one can hope to start the corrective processes, subject to the typical hurdles, and take our economy up a new growth path, or the second big wave of reforms after 1991.On May 24th, 2012 the department of financial services directed the four companies to coordinate their marketing activities. After receiving the 11th M.A large number of cases before the Competition Commission of India show how policy distortions lead to them. Are we to believe that the cost of deposit mobilisation is the same for all banks — big, small, public, private, foreign — and that has remained static since 2011”, she said. Competitive neutrality is another victim of government policies and practices where the public sector gets a preferential treatment over the private sector. What beats common sense is that if any sector has been deregulated, the step motherly treatment is a sort of admission that the public sector double screw needs to be mollycoddled for all the time; competition could go to hell.

United India won the bid and agreed to share 10 per cent of its profits on this business with National and New India. Few days earlier, private sector transmission line companies raised the issue of nomination to the PSU: Power Grid Corporation without inviting tenders.Another example from the financial services domain is how banks coordinate the interest rates on savings account.05 crores as penalty for bid rigging in a case involving the government of Kerala’s Rashtriya Swasthya Bima Yojana. The government refuses to break the monopoly in spite of various demands though some amount of deregulation has taken place by allocating captive mining to large users with a future provision of flexibility to sell their surplus production. The paradox of the government order was that the then secretary of financial services was Dinesh K. (This order has been stayed by the Competition Appellate Tribunal and the case is still awaiting closure). Mittal who had moved from the department of corporate affairs, where he had launched the efforts for NCP.Let me take the case of our four public sector general insurance companies who were recently hauled up for collusion.  

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