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Capping of airfares will violate competition norms as it stifles the movement of market forces, fair trade watchdog CCI’s chief Ashok Chawla has said amid rising calls to curb exorbitant pricing of air tickets.
Terming that such a move would be “antithetical” to the philosophy of competition as well as deregulation, Chawla stressed that market forces should be allowed to operate. “Capping (of airfare) is antithetical to the policy of deregulation as well as to the whole philosophy of competition and what market determines,” Chawla said.
Currently, the CCI is probing whether there is cartelisation among carriers in fixing price of air tickets.
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