State the duties of Competition Commission of India under Section 18 of the Competition Act, 2002.

As per Competition Commission of India (CCI) under Section 18 of the Competition Act 2002, duties of the CCI are: To eliminate practices having adverse effect on competition To promote and sustain competition To protect interests of consumers To ensure freedom of trade carried on by other participants, in markets in India Section 18 empowers the Commission to enter into any memorandum or arrangement, with the prior approval of the Central Government, for the purpose of discharging the duties and functions under this Act with any agency of any foreign country. This will enable the CCI to have extra territorial reach and shall facilitate exchange of information and enforcement of its order.