Sarat Chandra IAS Academy

Important Terms in 22nd October -2020 News

 

Antitrust Laws:

  • Antitrust laws are regulations that monitor the distribution of economic power in business, making sure that healthy competition is allowed to flourish and economies can grow.
  • Antitrust laws apply to nearly all industries and sectors, touching every level of business, including manufacturing, transportation, distribution, and marketing.
  • These prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.
  • In India, competition policy has been implemented via the Competition Act, 2002 which alongwith its amendment, establishes a Competition Commission of India to prevent anti-competitive practices, promote and sustain competition, protect the interests of the consumers and ensure freedom of trade in the markets in India.

 

Foreign Direct Investment:

  • FDI is the process whereby residents of one country (the home country) acquire ownership of assets for the purpose of controlling the production, distribution and other activities of a firm in another country (the host country).
    -It is different from Foreign Portfolio Investment where the foreign entity merely buys stocks and bonds of a company. FPI does not provide the investor with control over the business.
  • Flows of FDI comprise capital provided (either directly or through other related enterprises) by a foreign direct investor to an enterprise.

 

Kaleshwaram Lift Irrigation Project:

  • It is a multi-purpose irrigation project, on the Godavari River in Kaleshwaram, Bhupalpally, Telangana initiated in 2016.
  • The project starts at the confluence point of Pranahita River and Godavari River.
  • Originally called Dr. B R Ambedkar Pranahita Chevella Sujala Sravanthi Project in erstwhile Andhra Pradesh, it was redesigned, extended and renamed as Kaleshwaram project in Telangana in 2014.

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