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Welcome to Arthapedia

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About Arthapedia

Arthapedia is a portal for facilitating understanding of the Indian Economy and its governance by explaining the concepts used in the economic policy domain in India.

This portal is managed by government economists of India (known as Indian Economic Service (IES) Officers) and is intended to cater to the requirements of their counterparts in other countries as well as to academicians, economists, policy practitioners, financial journalists, students and to any interested citizen, both within the country and abroad.

The objective of this portal is to increase transparency in government by simplifying indigenous concepts or by introducing domestic institutions to support the professional development of public policy economists. It is meant to enrich and enhance citizen friendly policy formulation through dialogue and collaborative action.

The motivation behind this site is the then Chief Economic Advisor at Ministry of Finance, Government of India- Dr. Kaushik Basu (Dec 2009 - July 2012)- who on the occasion of fiftieth year of establishment of Indian Economic Service inspired IES officers to create a website for explaining economics related concepts which are of relevance to India.

The forerunner for this website is the internally circulated daily newsletter iES Today which was widely received and appreciated by policy makers of the country.

Members: All serving IES officers are automatically members of this website and are vested with the rights for writing the content.

The Government of India does not monitor the entries and the views expressed therein are not necessarily those of the government. The entries, therefore, must not be treated as official statements of policy or definitions.


 
Recent Concepts
 
Today's concept
Regulation of Combinations

Worldwide term used for this concept is merger review/merger control, which

is done by competition regulators to prevent mergers and acquisitions that are likely to reduce competition in the market and lead to higher prices, lower quality goods or services, or less innovation. Some countries have voluntary regimes while most have mandatory regimes. Mandatory regime implies that enterprises above defined thresholds in the concerned competition law have to

mandatorily notify the competition regulator for merger clearance.

The term 'combination' for the purposes of the Indian Competition Law, (Competition Act, 2002) Act is defined very broadly, ... Read more

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