Competition panel feels toothless
Even as the government has railed against steel and cement manufacturers for behaving like a cartel, the Competition Commission of India (CCI), the body that is supposed to take action against any abuse of market dominance, says it is in no position to do so. The issue of cartels and the government's seeming inability to deal with them has once again come to the forefront after Finance Minister P Chidambaram yesterday accused the domestic cement and steel industry of forming cartels to exploit consumers.