Need for debate on Competition Law: Jaitely

Our Corporate Bureau

New Delhi, Aug 21: The Competition Law needs to be debated and there is no need to rush through the legislation. This was stated here on Tuesday by Union minister for law justice and company affairs Arun Jaitley.

Speaking at a session on the concerns of the developing nations in the WTO regime, organised by the Institute of Chartered Accountants of India (ICAI), Mr Jaitley stated that that there was no need to rush through with the proposed competition law, which needs to be debated for months.

“The competition Bill will probably go to the standing committee. It must be debated for months as there is need to educate ourselves and not hurry it up,” Mr Jaitley stated.