NEW DELHI: The much-awaited Competition (Amendment) Bill 2022 will be taken up for passage today, March 28.. The Bill has been included under the Revised List of Business of the Lok Sabha for Tuesday, sources said.
The Centre is already geared up to move many amendments to the Bill that was originally introduced on August 5 last year.
Finance Minister Nirmala Sitharaman will move the Competition (Amendment) Bill, 2022 in the Lok Sabha for consideration and passing.
In order to allow the Competition Commission of India to treat cartel facilitators (who actively participated) on par with the cartel participants, the bill seeks to amend the Competition Act, 2002 to broaden the scope of cartel prosecution by including hybrid anti-competitive agreements (such as hub and spoke cartels) within its ambit.
Environment Minister Bhupender Yadav will bring in the Biological Diversity (Amendment) Bill, 2022, in the Lok Sabha for consideration and passing.
The Biological Diversity Act, 2002 is intended to be modified by the bill.
The new amendment has excluded "codified traditional knowledge" practitioners from getting prior permission or intimation of state diversity boards before utilising biological resources, ostensibly to support local economy based on traditional knowledge.
BRS demands Women’s Reservation Bill, move adjournment motion in Parliament
