• A National Competition Policy will be ready by March 31 with several positive benefits for the country's economy, including lowering of food prices, says Corporate Affairs Minister Veerappa Moily.
  • "It has lots of benefits, because all the monopolies and anti-competitive forces will have to be dismantled," Moily said, after a Corporate & Investor Meet.
  • He said monetary policy alone would not be able to rein in inflation.
  • "The National Competition Policy, by targeting cartelization, will go a long way in moderating prices, especially the food prices," Moily said, referring to the US, where such a policy had resulted a cut of petroleum products prices.
  • "The forthcoming National Competition Policy is an instrument capable of triggering second-generation of economic reforms," Moily said.