Hyderabad: The government is all set to come
out with National Corporate Governance Policy and National
Competition Policy by the end of this fiscal, Minister for
Corporate Affairs Veerappa Moily said here today.
He also said that proper implementation of National
Competition Policy will help the economy by bringing down the
inflation considerably, and help ensure healthy pricing, apart
from preventing cartel-forming.
"We expect the policy before the cabinet somewhere in
February-end or March first week, and it will be announced by
March," Moily told reporters on the sidelines of awards
function of Institute of Company Secretaries of India.
He said the implementation of competition policy had
brought down petroleum prices by at least half in the United
States.
The draft competition policy had been sent to the Chief
Ministers and was awaiting replies, he said.
"We are also coming out with National Corporate
Governance Policy. This could be a second wave of reforms
after the economic reforms in 1991," the minister said.
Azim Premji, Wipro founder, was honoured with ICSI
Lifetime Achievement award at the function, while Gail India
and Hindustan Unilever Limited were adjudged as Best Governed
Companies.
PTI
