1. Coal India pulled up for unfair FSA terms: I. The Competition Commission has ordered another probe into the allegations that state-run Coal India and its subsidiaries abused dominant market position in supplying fuel to power plants. The latest investigation against the country’s largest coal miner comes on a complaint filed by West Bengal Power Development Corporation. II. Finding prima facie evidence of abuse of dominant market position, the Competition Commission of India (CCI) on July 5 ordered probe against Coal India and its three subsidiaries. They are Eastern Coalfields, Bharat Coking Coal and Mahanadi Coalfields. The Commission is of the opinion that the present case was a fit case for investigation into the allegations made by the informant about violation of provisions of Competition Act. III. As per the latest complaint, Coal India imposed unfair conditions in the Fuel Supply Agreements (FSA) for providing coal to thermal power plants. Coal India is in a dominant position as it accounts for about 82 per cent of coal supply in the country. IV. Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October 2003. It became fully functional in May 2009.
Posted on: Sun, 14 Jul 2013 09:55:00 +0000
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