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Decentralized Democracy

House Hansard - 312

44th Parl. 1st Sess.
May 9, 2024 10:00AM
Context: House Hansard - 312 - May/9/24
Mr. Randeep Sarai
  • May/9/24 11:45:46 p.m.
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Mr. Speaker, that is a good question. Whenever any banks or any major telecoms merge, the scrutiny is very strict. There is always a review under the Competition Act. Banking regulators and public opinions are even brought into the question. It is only after thorough commitments and signs from such parties do they actually agree in these cases. Many have been rejected or have been pushed back before. In this case, they are being cautious. Currently, in the competition world, our grocery sector is the one that everyone is monitoring very strongly and carefully. In that case, I think we will see the addition of more competition rather than any mergers or reductions.
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