CURRENT AFFAIRS

Detailed explanation-1: -The current Chairperson of the CCI is Sangeeta Verma, who was appointed to the role in October 2022.

Detailed explanation-2: -Mergers and acquisitions beyond a certain threshold require the approval of Competition Commission of India (CCI) under the Competition Act, 2022. Section 5 and 6 of the Act relate to regulation of combinations in the country. For approval of combinations, the regulator needs to have a quorum of three members.

Detailed explanation-3: -Competition Commission Of India. The Competition Commission of India (CCI) was established in March 2009 by Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act. Eliminate practices having adverse effect on competition. Promote and sustain competition.

Detailed explanation-4: -The Competition Commission of India (CCI) gave conditional approval Tuesday to the merger plan of Zee Entertainment Enterprises (Zee) and Sony Pictures Networks India (SPNI), which will create India’s largest media entertainment firm.

Detailed explanation-5: -The career of Dr Sangeeta Verma: She has thorough experience over 3 decades in Government (Central & State), as an economist, administrator, regulator, and policymaker.