Nayanjot Lahiri, Dean of Colleges, University of Delhi, the Chief Guest gave the inaugural address focusing on the need to propagate Gandhian ideology and actions, reinterpretation of Mahatma in the modern times.
The integrity of our markets is a part of the foundation of a free society. This system depends on strong competition for its health and vigor, and strong competition depends, in turn, on compliance with antitrust legislation.
In enacting these laws, Congress had many means at its disposal to penalize violators. It could have, for example, required violators to compensate federal, state, and local governments for the estimated damage to their respective economies caused by the violations. But, this remedy was not selected.
Instead, Congress chose to permit all persons to sue to recover three times their actual damages every time they were injured in their business or property by an antitrust violation.
Opposition parties, the public and the press rely on individuals, not systems, to tell us what those who rule over us would like us not to know. That, in effect, is the view expressed in Weidman v. Shragge … as well as by myself. This protection is afforded by stamping with illegality, agreements which, when carried into effect, prevent or lessen competition unduly and making such agreements punishable offences; and, as the enactment is aimed at protecting the public interest in free competition, it is from that point of view that the question must be considered whether or not the prevention or lessening agreed upon will be undue.
Speaking broadly, the legislation is not aimed at protecting one party to the agreement against stipulations which may be oppressive and unfair as between him and others; it is aimed at protecting the public interest in free competition. In the circumstances, it could not be said that this advertisement had that effect.
What this advertisement did was raise awareness that could lead business purchasers to make enquiries to determine whether their shipment requirements would attract the discount set out in the advertisement. Advertising is unfair where claims are made which lack a reasonable basis.
That was not the case here. Courts should be reluctant to intervene in the competitive marketplace unless the advertisements are clearly unfair.
United Parcel Service Canada Ltd. It seriously undermines our market-based economy and gives rise to substantial losses for the economy as a whole.
It is in the public interest that such conduct be strongly deterred. This has made men cry aloud in denunciation of the waste of human energy, and loss of human comfort resulting from competition.
The cry is often a thoughtless one. People raising it seldom reckon with the absolute necessary waste there is and must ever be incidental to growth, though all nature attests it on every hand. Destroy competition and you remove the force by which humanity has reached so far.
The altruism some people would substitute for it may, when it has arrived, bring with it a higher sense of justice but it has not arrived. To apply the standard of profit that might enable the stupid, the slothful, the ignorant, the over-capitalized man working with antiquated machinery, and a mill or warehouse over-manned, to compete with the standard that may be fairly reached by the men of brains, of energy, of sleepless vigilance, with only adequate capital to earn dividends for, and all the advantages that the latest improvements, invention or discovery can furnish, would be a sorry one indeed for society.
The fate of the former class must not be considered. But the latter must not resort to unfair devices. They do not need them. They are without them the best kind of commercial asset the world can have, and must never be depressed or suppressed by the law.
They represent nothing less than an assault on our open market economy. Buyers in free market societies are entitled to assume that the prices of the goods and services they purchase have been determined by the forces of competition. When they purchase products that have been the subject of such an agreement, they are effectively defrauded.
Maxzone Auto Parts Canada Corp. It brings dynamism to our economy. It means good jobs for our citizens. It is not merely an economic concept. This is the principle that anchors our report and informs our recommendations to the government.
There is no absolute right of unlimited freedom to carry on business without competition. However, the two bodies of law are actually complementary, as both are aimed at encouraging innovation, industry and competition.
Nintendo of America, Inc. Indeed, in my view the plaintiffs have alleged that the defendants engaged in a classic type of conspiracy, namely, combining together to drive a business competitor and their novel business model out of the marketplace. While the plaintiffs candidly admit a lack of detailed knowledge as to all of the factual nuances of the conspiracy, this is hardly surprising given the nature of the allegation.
The relevant evidence will likely be in the hands and minds of the alleged conspirators.10 days ago · As part of the Vigilance Awareness Week, Shrishti Vidyashram Sr. Sec. School, Vellore organised essay writing and slogan competition. Poster and banners on the topic were also displayed. Published: Mon, 5 Dec Professional development Planning (PDP) is a structured and supported process undertaken by an individual to reflect upon their own learning, performance and / or achievement and to plan for their personal, educational and career development.
Office of the Chief Commissioner of Central Excise Chennai Zone. Why the future doesn’t need us. Our most powerful 21st-century technologies – robotics, genetic engineering, and nanotech – are threatening to make humans an endangered species. From the. Context: Former NIA chief Sharad Kumar is the new vigilance commissioner for a term of four years or till he attains the age of About CVC: It is the apex vigilance institution.
It was created via executive resolution (based on the recommendations of Santhanam committee) in but was conferred with statutory status in It submits its report to the President of India. First time on 31 October Participative Vigilance was the theme of Vigilance Awareness Week circulated by CVC.
The practice of observing the Vigilance Awareness Week was initiated by the CVC in 31st October was chosen as the commencement date for the Vigilance Awareness Week, because that was the birthday of Sardar .