Today's Paper

Govt. working on tougher consumer protection law

Talking tough:PM Narendra Modi speaking at a conference on consumer protection in New Delhi on Thursday.V. Sudershan

Talking tough:PM Narendra Modi speaking at a conference on consumer protection in New Delhi on Thursday.V. Sudershan   | Photo Credit: V. Sudershan

Laws existed even in Vedic period against unfair trade, says PM

A new consumer protection law is on the anvil to crack down on misleading advertisements and simplify the grievance redressal mechanism, Prime Minister Narendra Modi said on Thursday. He was speaking at the inauguration of a two-day international conference on Consumer Protection for East, South, Southeast and Asian nations.

Mr. Modi said India’s consumer protection traditions dated back 2,500 years. Laws existed even in the Vedic period to prevent unfair trade practices and adulteration of products, he said.

Extolling the virtues of the new Goods and Services Tax (GST), Mr. Modi said it was one of the key consumer-friendly reforms that his government had introduced. The GST would benefit consumers in the long run as prices would come down because of competition among manufacturers, he said.

Consumers can no longer be cheated as they can see on receipts the tax they are paying, Mr. Modi said.

“Today, we are in the process of enacting a new Consumer Protection Act, keeping in view business practices and requirements of the country. The proposed Act lays great emphasis on consumer empowerment,” he said.

The new law will replace the Consumer Protection Act, 1986, and is in line with the revised UN guidelines on consumer protection. It is currently with the Cabinet Secretariat and will be placed before the Cabinet for consideration soon, the Prime Minister said.

Recommended for you