The union cabinet on Wednesday approved a new Consumer Protection Bill that seeks to make redress of grievances inexpensive and quick and proposes to set up a regulatory authority to curb unfair trade practices, sources said
New Delhi: The union cabinet on Wednesday approved a new Consumer Protection Bill that seeks to make redress of grievances inexpensive and quick and proposes to set up a regulatory authority to curb unfair trade practices, sources said.
They said the bill proposes to bring about comprehensive changes in the Consumer Protection Act, 1986, including a product liability provision which will make manufacturers liable for sub-standard goods and services.
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Sources said the bill is likely to be introduced by the consumer affairs, food and public distribution in the monsoon session of parliament. The bill proposes to create a Central Consumer Protection Authority to investigate unfair trade practices and check misleading advertisements, initiate action and order recall or replacement of defective products.
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