<ul><li>Finance Minister emphasizes the need for swift approval of merger proposals that do not harm competition to prevent delays and uncertainties in the global economy.</li><li>The Competition Commission of India (CCI) plays a crucial role in promoting fair competition and overseeing mergers and acquisitions above a certain threshold.</li><li>A 'Green Channel mechanism' has been set up by the CCI for automated approval of combinations that are considered to have no significant adverse impact on competition, reducing transaction costs and timelines.</li><li>The Finance Minister highlights the importance of striking a balance between regulations and freedom for building a resilient and innovation-driven economic framework in India, aiming to become a 'Viksit Bharat' by 2047.</li></ul>

Finance Minister calls for swift approval of merger proposals that are ‘harmless for competition’

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