- Monopolies trade practices Act was passed in 1969
- the Act was first all over the India except Jammu and Kashmir
the main objective of monopoly trade practices act are as follows
- To prevent concentration of economic power to the common determinant and control of monopolies
- To prohibited monopolies trade practices act
- To prohibit restrictive trade practices act and unfair trade practices act
- from curbing Monopolies to promoting competition Government of India appointed A committee under the chairmanship of SVS Raghavan which submitted its report in May 2000 according to this competition bill 2001 was introduced in the Parliament and a New act called for competition Act was introduced in December 2002
