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Supreme Court junks plea to regulate Internet prices, says it is a free market
The Hindu
Supreme Court rejects plea for Internet price regulation, citing consumer options and advising petitioner to approach Competition Commission of India.
The Supreme Court on Monday (February 24, 2025) refused to entertain a plea seeking regulation of Internet prices in the country.
A Bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar dismissed the plea filed by one Rajat, saying consumers had multiple options for availing of Internet services.
"It's a free market. There are several options. BSNL and MTNL are also giving you Internet," the Bench observed.
The petitioner alleged that the majority of the market share was controlled by Jio and Reliance.
The Bench then said,"If you are alleging cartelisation, then go to the Competition Commission of India." The top court, however, clarified that if the petitioner wanted to take any recourse to appropriate statutory remedy, he was at liberty to do so.
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According to the United Nations’ Conference on Trade and Development (UNCTAD), the underlying logic of credit rating agencies is to avert the information asymmetry between borrowers and lenders about the latter’s creditworthiness. It further explains that issuers with lower credit ratings pay higher interest rates – reflective of the greater associated risk with lending to them, than the higher rated issuers.
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According to the United Nations’ Conference on Trade and Development (UNCTAD), the underlying logic of credit rating agencies is to avert the information asymmetry between borrowers and lenders about the latter’s creditworthiness. It further explains that issuers with lower credit ratings pay higher interest rates – reflective of the greater associated risk with lending to them, than the higher rated issuers.