- 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.