Govt hopes to get Parliament's assent for Consumer Protection Bill in next session: Paswan
The Government of India hopes to receive Parliament's approval to Consumer Protection Bill in its next session, said Union Minister For Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan on Thursday.
“The Consumer Protection Bill, 2015 that seeks to amend the archaic Consumer Protection Act, is expected to be passed in the next session of Parliament,” said Ficci in a press release on Thursday quoting Paswan as saying.
Ficci tweeted the minister as saying:
— FICCI (@ficci_india) September 1, 2016
Paswan while inaugurating the sixth edition of Massmerize 2016, Ficci's annual flagship retail, FMCG and e-commerce convention in New Delhi emphasised that the protection of consumer interest and consumer satisfaction was critical for the success of any marketing strategy.
Paswan tweeted the photos of the event:
— Ram Vilas Paswan (@irvpaswan) September 1, 2016
The release further said that the three decades old Consumer Protection Act is seen as an inefficient piece of legislation, out of step with the new market dynamics, multi-layered delivery chains, innovative and often misleading advertising and marketing machinery.
The new Bill that awaits Parliament’s assent seeks to empower the consumers to protect their rights against unfair trade practices, it added.
It intends to close the gaps with regard to protection of consumer rights including the time taken in settling disputes, an ability to reach to the manufactures for product liability and curb misleading advertisements.
“It was important for industry to win the trust of the consumers and weed out companies indulging in misleading advertisements which often played with the health of the consumers,” Paswan said in a statement.
The onus, he further said, was on industry to deliberate on this issue with seriousness and identify factors that are inimical to industry’s growth.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.