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The Competition Commission of India organised the Meeting of Heads of BRICS Competition Authorities on 8 August 2026 in Udaipur, Rajasthan, under India's BRICS Chairship 2026.
A Joint Statement titled 'Strengthening Cooperation to Promote Fair Competition, including in Renewable Energy Markets' was adopted.
CCI steered a collaborative BRICS study on the 'Emerging Competition Landscape in the Renewable Energy Sector in BRICS', whose findings were presented at the meeting.
CCI Chairperson Ravneet Kaur said competition law interventions must remain principled, evidence-based and anchored in the core objectives of competition law.
Brazil's competition authority CADE briefed participants on the Xth BRICS International Competition Conference, to be held in Brazil in 2027.
Statutory body that prevents practices having an adverse effect on competition, promotes and sustains competition in markets, protects consumer interests and ensures freedom of trade. It regulates anti-competitive agreements, abuse of dominant position and combinations (mergers and acquisitions).
Brazil's competition authority, which briefed participants on preparations for the Xth BRICS International Competition Conference
The parent statute establishing the CCI and prohibiting anti-competitive agreements, abuse of dominant position and combinations that cause an appreciable adverse effect on competition. It received Presidential assent in January 2003.
Act No. 9 of 2023, published in the Gazette on 11 April 2023. It introduced the deal value threshold and provisions allowing parties to offer settlements and voluntary commitments.
Requires prior CCI approval for a transaction whose value exceeds ₹2,000 crore where the target has substantial business operations in India — capturing high-value deals that the older asset and turnover tests would have missed.
Traditionally, merger control was triggered by the size of the parties measured in assets or turnover. That test works well for industrial mergers but fails for digital and technology acquisitions, where a target may have very few assets and almost no revenue yet command an enormous price because of its user base, data or technology. Such acquisitions escaped scrutiny entirely under the old thresholds. The deal value threshold introduced by the Competition (Amendment) Act, 2023 fixes this by looking at what was paid rather than what the target owns: any transaction valued above ₹2,000 crore now requires prior CCI approval, provided the target has substantial business operations in India. The second condition matters, since it prevents the rule from capturing global deals with no meaningful Indian nexus.
Simple Analogy: The old test asked how big the company being bought was. The new one asks how much someone was willing to pay for it — which is often the better clue to why the deal matters.
GS Paper 2 > International groupings involving India; GS Paper 3 > Indian economy and regulatory bodies
General Awareness > Regulatory bodies and international meetings
General Awareness > Regulators, mergers and competition law
Under the Competition Act, a merger, amalgamation or acquisition that crosses prescribed thresholds and therefore requires prior CCI approval.
The rule requiring prior CCI approval for transactions valued above ₹2,000 crore where the target has substantial business operations in India.
Conduct by a dominant enterprise that unfairly restricts competition, prohibited under the Competition Act, 2002.
Mechanisms introduced by the 2023 amendment allowing parties under investigation to offer remedies and close proceedings without a full adjudication.