National Competition Policy (India)

National Competition Policy is formulated by the Government of India with a view to achieve highest sustainable levels of economic growth, entrepreneurship, employment, higher standards of living for citizens, protect economic rights for just, equitable, inclusive and sustainable economic and social development, promote economic democracy and support good governance by restricting rent-seeking practices.Dhanendra Kumar was the Chairman of the committee which was entrusted the task of formulating India's National Competition Policy.

The policy is aimed at ushering in a second wave of financial reforms. The salient features of the policy are stated below:

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