News Update

Jeff Bezos again topples Musk as world’s richest personIndia reiterates two-state solution on Gaza dispute39 killed in heavy rains and snowfall in AfghanistanChina sets 5% economic growth target for 2024CBDT promoting Voluntary Compliance through e-Verification Scheme-2021Houthi Minister says commercial ships entering Yemini waters need to take permitsST - Issuance of a consignment note is essential condition for classifying an activity under GTA Service; tax demand raised thereunder is not tenable where no consignment note is issued: CESTATMoD inks MoU with BEML, BEL & MIDHANI for indigenous development of Advanced Fuelling SystemCus - A final order does not get invalidated simply because in a related matter which was cause of initiation of action in the present proceedings, has now been remanded: CESTATMinister of Steel inaugurates India's 1st Green Hydrogen Plant in Stainless Steel SectorCus - Exemption under Notification No. 12/2012-CE is rightly denied in respect of goods which are imported & also not consumed in factory of production: CESTATRAV's Lifetime Achievement Awards Given to three Stalwarts of AyurvedaDelhi Govt Budget proposes Rs 1000 per month for womenCX - Reversal of Cenvat Credit is not warranted in terms of CCR, 2004, when by-product Bagasse is cleared from factory without payment of duty: CESTATKharge alleges BJP Govt banning exports of agri products to favour industrialists5 killed as car bangs into roadside tree in TelanganaPM to leave on 5-state tour today; to announce projects worth Rs 1.1 lakh CroreFM to inaugurate National Conference of Enforcement Chiefs of State and Central GST formationsST - In case of slump sale, there is no question of providing any service as per s.65(92) as well as s.65(55b) of the Finance Act, 1994: HC
CCI launches Market Study on Cement Sector in India

By TIOL News Service

NEW DELHI, NOV 04, 2023: THE Competition Commission of India (CCI) is launching a pan-India Market Study on the Cement sector.

Cement is a critical input in crucial sectors of the economy such as housing and infrastructure. These sectors have well-known forward and backward linkages with a range of other industries, thereby having the potential to influence the overall growth trajectory of the economy.

Given the criticality of cement for many vital sectors, well-functioning and competitive cement market is of utmost importance.  In view of the same and given the structural features of cement market that make it susceptible to collusion, the market study will be a fact-finding exercise to develop comprehensive understanding of the functioning of cement market across regions in India, and the state of competition therein.

The market study is independent of any case proceedings before the Commission pertaining to the cement sector. The objectives of the study are the following -

i. To examine the evolving market structure in the cement sector across regions including inter alia market concentration, entry/exit and consolidation.

ii. To study the market trends including inter alia trends/movements in cement price, cost, production, capacity, capacity utilisation and profitability.

iii. To understand cement pricing in trade and non-trade segments including an in-depth analysis of the determinants of movements in cement price.

iv. To reach out to all relevant stakeholders for a holistic understanding of the sector and identify impediments to competition, if any.

v. To ascertain enforcement and advocacy priorities for the Commission in the cement sector.

The study will be a combination of secondary research and stakeholder consultation. Qualitative and quantitative information will be collected from secondary and primary sources. Designed by the Commission, the study will be implemented by a study team at the Commission with the assistance of an external agency to be engaged for the purpose. The study team will hold consultation with stakeholders throughout the country.


TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023

Shri M C Joshi, Former Chairman, CBDT

Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023