coffee_rules Posted March 16, 2021 Posted March 16, 2021 23 minutes ago, Khota said: Monoply and anti-trust are the same thing. Dude, none of his companies are monopolizing to apply anti-trust laws
Khota Posted March 16, 2021 Posted March 16, 2021 24 minutes ago, Cricketics said: Everyone games the system. Stock market is a game, putting house or a floor/flat or rent and buying extra properties to then sell it later is a game which is all common across all over India or the world. People will do anything to make money and its fine. Because of these companies there are so many jobs in India also. Otherwise all we will have is more and more Indians working in call centres over night to provide tech support only and workers will be one bad support from being fired, something which Vietnamese and Philipinos are going throuhh at this time and even that would be less. We need to be thankful to some of these billionaires who help create a lot of jobs in India.. Also, If they got an idea to make money before us in a certain way without hurting a person on sttreet or killing anyone or robbing a bank, I say kudos to them. Oversimplification on your part. If all these contracts did not go to these families would other not step in. India is a big country with many able folks who can do the job. Time and again it cannot be few families.
Khota Posted March 16, 2021 Posted March 16, 2021 13 minutes ago, coffee_rules said: Dude, none of his companies are monopolizing to apply anti-trust laws How many airport contracts did he get?
Mariyam Posted March 16, 2021 Posted March 16, 2021 (edited) 7 hours ago, Khota said: Since you are the resident legal mind, does Anti-Trust Law not cover monopolies? How does a court declare a monopoly, I know for sure it is not 100% of market value but do know it has to be higher than 50%, Yes it covers monopoly. In fact the Competition Act replaced the Monopolies and Restrictive Trade Practices Act. The definition of monopoly is vague. The term used legally is dominance. In India, its not Dominance but its abuse that is prohibited. From my limited exposure from reading about cases in the mid 2000s, when the courts tried to define monopoly in a certain industry the firms argued how theirs is a niche category and how they are pioneers in those categories etc. Its a slippery slope. Edited March 16, 2021 by Mariyam
Mariyam Posted March 16, 2021 Posted March 16, 2021 6 hours ago, Khota said: Not if you hold majority of market share. Actually if you hold a sizeable minority of share and form a cartel with few others in the industry against the rest, you will face punitive action under the Competition Act.
Khota Posted March 16, 2021 Posted March 16, 2021 3 hours ago, Mariyam said: Actually if you hold a sizeable minority of share and form a cartel with few others in the industry against the rest, you will face punitive action under the Competition Act. So if for example Jio holds more than 50% of market share and get favorable treatment from govt. which is not offerd to Bharati Airtel potentially they can be declared a monopoly.
Khota Posted March 16, 2021 Posted March 16, 2021 4 hours ago, Mariyam said: Yes it covers monopoly. In fact the Competition Act replaced the Monopolies and Restrictive Trade Practices Act. The definition of monopoly is vague. The term used legally is dominance. In India, its not Dominance but its abuse that is prohibited. From my limited exposure from reading about cases in the mid 2000s, when the courts tried to define monopoly in a certain industry the firms argued how theirs is a niche category and how they are pioneers in those categories etc. Its a slippery slope. If the term used is dominance, would market share greater than 50% not constitute dominance?
Khota Posted March 16, 2021 Posted March 16, 2021 7 hours ago, coffee_rules said: Dude, none of his companies are monopolizing to apply anti-trust laws I like that lot more than mate. Under_Score 1
coffee_rules Posted March 16, 2021 Posted March 16, 2021 8 hours ago, Khota said: How many airport contracts did he get? Somebody can raise a PIL or a hero judge can go suo moto into the issue of awarding contracts, if they see illegalality. Simply by saying it like RaGa does or in some inane SM video , doesn’t make it reality. Congress has no credibility in claiming corruption on BJP.
Khota Posted March 16, 2021 Posted March 16, 2021 8 minutes ago, coffee_rules said: Somebody can raise a PIL or a hero judge can go suo moto into the issue of awarding contracts, if they see illegalality. Simply by saying it like RaGa does or in some inane SM video , doesn’t make it reality. Congress has no credibility in claiming corruption on BJP. This s not about congress. It is about one family controlling 100% of a sector. A text book monoply.
mishra Posted March 16, 2021 Posted March 16, 2021 6 minutes ago, coffee_rules said: Somebody can raise a PIL or a hero judge can go suo moto into the issue of awarding contracts, if they see illegalality. Simply by saying it like RaGa does or in some inane SM video , doesn’t make it reality. Congress has no credibility in claiming corruption on BJP. RaGa or opposition goes mum in parliament when they are challenged on their lies. I want them to make such allegation on floor of house or have balls to speak such thing in parliament. All the opposition MPs , come out of parliament and start lieing to people. Parasites they are living on gullible Indian people. coffee_rules 1
Mariyam Posted March 16, 2021 Posted March 16, 2021 (edited) 1 hour ago, Khota said: So if for example Jio holds more than 50% of market share and get favorable treatment from govt. which is not offerd to Bharati Airtel potentially they can be declared a monopoly. In the scenario you say, yes. They can be declared dominant even if they get no preferential treatment. A real example ( going to leave out names) is a biscuit brand belonging to an FMCG giant that introduced 'healthy' biscuits into the market in the early 2000s. Since aside of herbal/chooran distributors, this FMCG company was the only one which bought a specific ingredient which grows in limited quantities in the Nilgiris. They booked an amount for 2 years. Thereby killing any scope of domestic competition. The new comers in the space would have to source this from Africa, which was expensive. The Court had a tough time on deciding if the company abused its dominance, because the main argument by the FMCG company was that they are the ones who have created this market and are doing the bare minimum to keep the brand alive. So 'market share' becomes subjective. Which market do you want to calculate the share in? All biscuits which include Parle G? All health supplements/food which include say whey protein? Or a new category health biscuits? Edited March 16, 2021 by Mariyam Khota 1
Mariyam Posted March 16, 2021 Posted March 16, 2021 1 hour ago, Khota said: If the term used is dominance, would market share greater than 50% not constitute dominance? Yes it could. Its category/industry dependent. There are cases where a market share of 16% makes for a dominating command over the market. But the thing is, being a 'dominant' company is not a crime. Its abusing that dominance which is. Khota 1
raki05 Posted March 16, 2021 Posted March 16, 2021 9 hours ago, Cricketics said: Everyone games the system. Stock market is a game, putting house or a floor/flat or rent and buying extra properties to then sell it later is a game which is all common across all over India or the world. People will do anything to make money and its fine. Because of these companies there are so many jobs in India also. Otherwise all we will have is more and more Indians working in call centres over night to provide tech support only and workers will be one bad support from being fired, something which Vietnamese and Philipinos are going throuhh at this time and even that would be less. We need to be thankful to some of these billionaires who help create a lot of jobs in India.. Also, If they got an idea to make money before us in a certain way without hurting a person on sttreet or killing anyone or robbing a bank, I say kudos to them. + or without taking the national capital hostage for their personal gain.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 32 minutes ago, Khota said: This s not about congress. It is about one family controlling 100% of a sector. A text book monoply. which sector is occupied by 100% by one comp?
mishra Posted March 16, 2021 Posted March 16, 2021 1 hour ago, coffee_rules said: which sector is occupied by 100% by one comp? Tikait. Farming Yoda-esque, construction430, coffee_rules and 1 other 1 3
someone Posted March 16, 2021 Posted March 16, 2021 13 hours ago, Khota said: No one is envious of them. The issue is that few families are gaming the system. Haha. What about the few families who control the poor farmers, and their crops, and their hard-work money? Why do middleman who don't contribute in production keep such large hold? Why can't poor have freedom to sale their crops to the market? You are only a hypocrite... construction430 1
someone Posted March 16, 2021 Posted March 16, 2021 Such thread shows the bankruptcy of ideas. Instead of finding solutions for poor people, it is why XYZ is earning? It speaks of only jealously and envy. It is anti-industry, anti-technology, backward mindset. And this is not just about Adani, it is related with business people who are always unfairly seen with contempt. No wonder our best talents keep moving away from the country.
Yoda-esque Posted March 16, 2021 Posted March 16, 2021 Such thread shows the bankruptcy of ideas. Instead of finding solutions for poor people, it is why XYZ is earning? It speaks of only jealously and envy. It is anti-industry, anti-technology, backward mindset. And this is not just about Adani, it is related with business people who are always unfairly seen with contempt. No wonder our best talents keep moving away from the country. These people represent the worst of the socialistic policies of nehruvian gandhi era.Complete feudal zamindari mindset.
Khota Posted March 16, 2021 Posted March 16, 2021 5 hours ago, raki05 said: + or without taking the national capital hostage for their personal gain. The only ones I know who have taken the capital as a hostage are few rich families. Under_Score 1
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