{"id":16372,"date":"2023-10-27T03:57:47","date_gmt":"2023-10-26T22:27:47","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=16372"},"modified":"2025-04-04T08:49:10","modified_gmt":"2025-04-04T03:19:10","slug":"icn","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/icn\/","title":{"rendered":"International Competition Network (ICN)"},"content":{"rendered":"<h2>About International Competition Network (ICN)<\/h2>\n<ul>\n<li>The concept for the ICN originated out of recommendations\u00a0made by the International Competition Policy Advisory Committee\u00a0(ICPAC), a group formed in 1997.<\/li>\n<li>It was\u00a0established in October 2001 by officials of 15 competition agencies from around the world.<\/li>\n<li>The\u00a0steering committee is the ICN&#8217;s apex body.<\/li>\n<li>The ICN, comprising 140 competition agencies, typically provides antitrust authorities with a specialised, yet informal, venue for maintaining regular contacts and addressing practical competition concerns.<\/li>\n<li>The Steering Group members shall elect a Chair from among Steering Group representatives at the ICN Annual\u00a0Conference in odd-numbered years.<\/li>\n<li>It is the\u00a0only global body devoted exclusively to\u00a0competition law enforcement and its members represent national and multinational competition authorities.<\/li>\n<li>It has\u00a0no formal Secretariat or premises.<\/li>\n<\/ul>\n<h2>Key facts about CCI<\/h2>\n<ul>\n<li>It is a statutory body of the Government of India, was established in March 2009\u00a0under the Competition Act, 2002.<\/li>\n<li>The goal of CCI is to create and sustain\u00a0fair competition in the economy that will provide a \u2018level playing field\u2019 to the producers and make the markets work for the welfare of consumers.<\/li>\n<li>Composition:\n<ul>\n<li>It has the composition\u00a0of a quasi-judicial body, with one chairperson and six additional members.<\/li>\n<li>All members of the CCI are\u00a0appointed by the Central Government.\u00a0<\/li>\n<\/ul>\n<\/li>\n<li>Headquarters: New Delhi.<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What is a quasi-judicial body?<\/h3>\n<p>It is an entity or organization that possesses certain powers and functions typically associated with a judicial system, such as the authority to make decisions, resolve disputes, and administer justice in specific areas or within a particular domain. But they do not have all the attributes of a traditional court, such as a complete separation of powers, a comprehensive legal process, or the ability to hear all types of cases.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/policy\/cci-becomes-member-of-international-competition-networks-steering-group\/articleshow\/104703824.cms\" target=\"_blank\" rel=\"nofollow noopener\"><u>CCI becomes member of International Competition Network&#8217;s steering group<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Competition Network (ICN) was established in October 2001 by officials of 15 competition agencies from around the world.<\/p>\n","protected":false},"author":5,"featured_media":16373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-16372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/16372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=16372"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/16372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/16373"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=16372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=16372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=16372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}