During past two decades, there has been a global surge in adoption of competition policy and economic regulation in developing economies. It is believed that effective competition and independent regulation together contribute to economic growth and welfare, while creating an environment that favours change, innovation and improvement.
Being exposed to competitive forces not only improves the competitiveness of businesses in their respective localities but also provides the impetus for companies to grow and take on global competitors on the international front. In addition, an enlightened competition regime helps to attract foreign investments into a country. With a strong and credible competition regime in place, foreign investors have greater confidence that they will be competing on a level-playing field.
Economic regulation has become ingrained in the modem economy, for good or ill. Because its effects are uncertain, regulation has stirred growing professional debate and political reaction. This volume presents a series of research papers on the issue that treat a variety of points and industrial sectors. After a long and checked history, economic regulation has recently become even more controversial, challenged for being ineffectual and economically harmful.
Pic caption :Professor Dr.Ranbir Singh, Vice Chancellor, NLUD handing over certificate and prize money to Mr Rishabh Kumar Second Prize Winner Category B
With Competition Policy and Economic Regulation so deeply in flux, research and debate are unusually active. There is a need to draw together the work from many directions, to try to apply analysis consistently in clarifying the industries, the regulatory processes, and their results. With an attempt to explore and nourish the talents of the students, to demonstrate their writing skills, as well express their outlook on current national issues CUTS Institute for Regulation & Competition (CIRC) organised a National Level Essay competition 2014 in association with NLUD as Institutional Partner and Society of Indian Law Firms (SILF)/ Services Export Promotion Council (SEPC) as Principal Partners and Lex Witness as official magazine partner, under two broad categories:
Category A: Competition Policy & Law
Category B: Economic Regulation
The essay competition this year received 26 entries. The topics this year were quite challenging but the standard was extremely high and the vast majority of essays were impressive pieces of work. This made it a very pleasant task to read through the essays but a very difficult task to judge the competition.
Only a small proportion of the essays, however, could be acknowledged and given prizes, and it is an indication of the high standard that this year, apart from top three essay in each Category A and Category B, we decided to send out three certificates of Commendation.
To honour the achievement of winners, CIRC organised an Award Distribution Ceremony on July 16, 2014 at MOOT Court Room- National Law University DelhiSector 14, Dwarka, New Delhi. To boost the morale of young and vibrant participants and to appreciate their hard work and dedication, the panel of some esteemed people including: Mr Pradeep Mehta (Chairman, Managing Committee, CIRC); Professor (Dr.) Ranbir Singh (Vice Chancellor, NLUD); Dr. S.K.D Rao (Registrar, NLUD) and Dr.HarpreetKaur (Professor (Law), NLUD) were present during the ceremony. The ceremony preluded with a welcome address by Mr.Pradeep Mehta. He gave a warm welcoming speech signifying the need and increasing importance of Competition Law and Economic Regulation in India. By laying different examples- including that of electricity and aviation sector, he affirmed that India is in desperate need to form more sectoral regulators. He also emphasised that there is a dire need to implement the procedures effectively. In the end, he expressed pleasure and excitement for being among the youth. He said that the students are the real asset of the nation, therefore, they must utilise their maximum strength by actively participating in these writing competitions to enhance and share their knowledge.
After that Dr.HarpreetKaur addressed the audience by giving a brief overview about the growing importance of CompetitionLaw and effective Economic Regulation in India, where she addressed the need for effective functioning of Competition Commission of India (CCI) and also stressed the important role played by DG in CCI while passing any decision. After drawing upon the importance, Dr Kaur gave a brief overview of the National Level Essay Competition 2014 and requested the participants to continue on working on the lines of their interests by actively participating in various competitions organised in future.
Referring to activities of the National Law University Delhi, Dr.Ranbir Singh shared his experience as to how CIRC and NLUD joined hands to enhance knowledge and strengthen the capacity. In his address, Dr. Singh presented the detailed information of the activities being undertaken jointly by the organisation and university. Dr. Singh also encouraged the participants to enhance their knowledge on Competition law and Economic Regulation which will help them in developing their career in future.
After the enlightening speech, the dignitaries distributed awards and certificates among the high achievers and congratulated them for their success and suggested them to continue their hard work and contribution by taking part in such writing competitions, so as to master their writing skills and contribute towards academic field.
The ceremony concluded by Vote of Thanks by Dr. S.K.D Rao, who thanked all the esteemed dignitaries and participants, team of CIRC and other associated partners for organising these kinds of competitions to boost the morale of young and vibrant students.
The participants appreciated the efforts of CIRC for organising such essay competition which enable them to share their thoughts and views on the recent emerging issue in and around the world.
I appreciate the efforts of CIRC by conducting a National Level Essay Competition in the field of Competition Law and further congratulate on successful completion of the same. According to me, its the first National Level Essay Competition in India in the field of competition law. For me it was a great intellectual experience, I enjoyed writing and sharing ideas and reading other entries of those awarded. According to me this competition is awesome! And the book of all the winning entries provides me precious knowledge about what I have never known before.
And The Winners
Category a (Competition poliCy& law)
First Prize (` 20,000): GarimaShahani / Mr. Thomas J Vallianeth (National Law University, Jodhpur)
Second Prize (` 10,000) Rohit Sharma (Kurukshetra University and Student of CIRCNLUD CPL Course)
Third Prize (` 5,000) Tie between two participants (Prizes are divided equally) Pratichi Mishra (National Law University, Delhi) Suraj Kumar Singh (National University of Study and Research in Law, Ranchi)
Category B (eConomiC regulations)
First Prize (Rs. 20,000) AanchalBasur (West Bengal National Law University of Judicial Sciences)
Second Prize (` 10,000): Rishabh Kumar (Bharat RatanDr. B.R Ambedkar University, Delhi)
Third Prize (` 5,000): Not awarded the remaining entries were not up-to the mark.
(Second Winner under Category ACompetition Policy & Law) It’s been an honour for me to be a part of the National Level Essay Competition organised by CIRC…I would like to thank CIRC and other partners for providing such a platform to students to explore themselves. In future, I look forward to participate in such competitions and further enhance and sharpen my skills.
(Second Winner under Category BEconomic Regulation) This was for the first time CUTS Institute for Regulation & Competition (CIRC) organised a National Level Essay Competition and with kind support of its association partners and active participation of students from various universities, the organisation was successful in achieving its aim for conducting the essay competition. We will be holding these kinds of competitions in coming years. We hope that the entrants enjoyed researching, reading for and writing their essays as much as we enjoyed reading them.
Bharat RatanDr. B.R Ambedkar University,
Delhi Christ University,
Bangalore DDU
Gorakhpur University
Gujarat National Law University
ILAMS College, Gugaon
Karnataka State University
Kurukshetra University
Mahatma Gandhi University National Law University,
Delhi National University of Study and Research in Law,
Ranchi National Law University, Jodhpur
West Bengal National Law University of Judicial Sciences
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