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| Cabinet approves MoU between CCI and Egyptian Competition Authority |
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Cabinet approves MoU between CCI and Egyptian Competition Authority
Cabinet approves MoU between CCI and Egyptian Competition Authority: The Union Cabinet has approved signing of Memorandum of Understanding (MoU) between Competition Commission of India (CCI) and Egyptian Competition Authority (ECA).
The Memorandum of Understanding (MoU) was approved at the Union Cabinet meeting chaired by the Prime Minister Narendra Modi in New Delhi.
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The MoU envisages promotion and strengthening of cooperation in competition law and policy through exchange of information, sharing of best practices as well as through various capacity building initiatives.
Aims
The MoU also aims to develop and strengthen linkages between CCI and ECA, and learn and emulate from each other's experiences in the enforcement of competition law in their respective jurisdictions through experience sharing and technical cooperation.
Background
Section 18 of the Competition Act, 2002 permits CCI to enter into any memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act. Accordingly, the present proposal relates to signing of MoU between CCI and EGA.
Static Current Affairs related to Egypt for upcoming exams
- Capital city of Egypt: Cairo
- Largest city of Egypt: Cairo
- Official languages of Egypt: Arabic
- National language of Egypt: Egyptian Arabic
- President of Egypt: Abdel Fattah el-Sisi
- Prime Minister of Egypt: Moustafa Madbouly
- Total Population of Egypt 2022 estimate: 107,770,524 (14th)
- Currency of Egypt: Egyptian pound (EGP)
Static Current Affairs related to India for upcoming exams
- President of India: Droupadi Murmu
- Vice President of India: Jagdeep Dhankhar
- Prime Minister of India: Narendra Modi
- Chief Justice of India: Justice DY Chandrachud
- Lok Sabha Speaker of India: Om Birla
- Capital of India: New Delhi
- Largest city of India: Mumbai
- Official languages of India: Hindi / English
- Currency of India: Indian rupee (₹) (INR)
- Total Population of India 2018 estimate: Neutral increase 1,352,642,280
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