December 25, 2015 4:51 PM

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21st century regulator CCI should move with times: Chawla

Competition Commission of India CCI chairman Ashok Chawla has said, the regulator should move with times rather than being seen as a watchdog implementing a 21st century legislation with the 19th century tools. In his recent interview to PTI, Chawla informed, The Commission would soon come out with some changes to filing requirements for entities seeking approval for merger and acquisition deals. Chawla is to retire early next month after steering the regulatory body for nearly five years.<br/><br/>Emphasising that CCI has worked quite hard to streamline its systems and processes, Chawla said the endeavour is to deliver better, especially with respect to mergers and acquisitions that comes before it. He stressed, CCI understands the benefits that consolidation can bring into the economic landscape. The remarks come against the backdrop of CCI being perceived in some quarters as a kind of hurdle to ease of doing business.

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