Competition Commission of India enters scene as milk prices spike – Economic Times

The Competition Commission of India (CCI) is considering a suo motu inquiry, or inquiry on its own, to ascertain whether retailers have colluded to raise prices. Full-cream milk now retails at 38 a litre, up from 30 in March 2010.

Initial investigation has shown that retailers have increased prices 13 times over the past year, a senior CCI official said. “This is way more than the hike in petrol prices,” the official said, “Unlike petrol, milk has no substitutes and such steep hike hurts the common man the most.”

Competition Commission of India enters scene as milk prices spike – Economic Times.

 

US Trade Representative identifies imported articles that may lose duty preferences under the Generalized System of Preferences – Lexology

USTR has issued a list of product susceptible of loosing GSP benefits due to bypassing of CNL conditions. Products crossing Competitive Need Limitation (CNL) can loose their GSP benefits. CNL limits, for current year, are either USD value exports crossed $150 million or 50 percent of the US import market this year.

HS Code	Description	Country	Import from India	Total Import in US	Indian Share
2905.49.10	Triols and tetrols	India	$7,369,195	$16,569,389	44.5%
3307.41.00	“Agarbatti” and other odoriferous preparations which  operate by burning, to perfume or deodorize rooms or used during religious rites	India	$8,354,837	$16,143,462	51.8%
7307.91.50	Iron or steel (o/than stainless), not cast, flanges for  tubes/pipes, not forged or forged and machined, tooled & processed after forging	India	$71,322,790	$159,732,875	44.7%
8708.30.50	Pts. & access. of mtr. vehicles of 8701, and 8702-8705, brakes and servo-brakes & pts thereof	India	$116,244,490	$3,065,358,359	3.8%

 Affected companies have time till Dec 16, 2011 to file petition for waiver of CNL

US Trade Representative identifies imported articles that may lose duty preferences under the Generalized System of Preferences – Lexology