India, July 1 -- The Government of India issued the following news release:
Competition Commission of India ('CCI') has passed a final order against the Federation of Publishers' and Booksellers' Association in India ('FPBAI') and its three office-bearers for indulging in anti-competitive practices of
(i) fixation of conversion rates higher than usual bank/ RBI rates for importing of international journals and books by its member booksellers/ publishers which constitute the bulk of all booksellers/ publishers in the industry,
(ii) stipulating terms and conditions with respect to price, credit period, interest rates, etc. which its member booksellers/ publishers must follow while supplying books, journals and e-resources to libraries, sch...