Rajya Sabha passed the Competition Amendment Bill, 2023, which seeks to sync the two-decade old anti-trust law with the changes in the economy.

• Having been cleared in both the houses of parliament, the Bill is set to become law once it gets presidential assent. Lok Sabha had passed the Bill last week without much debate in the Parliament.
• Competition Commission of India (CCI), the regulator, is now working on rules and regulations needed to give effect to the new provisions added to the law, especially, the scheme for commitment and settlement meant to reduce litigation by way of negotiated settlements.
• This scheme is available to cases of anti-competitive agreements and abuse of dominance, but not to cartels.