Cabinet nods for new Consumer Protection Bill
Updated: Jul 30, 2015 11:45:23am
New Delhi, July 30 (KNN) The Union Cabinet has given its nod for a new Consumer Protection Bill that seeks to replace a 29-year-old law and proposes to set up a regulatory authority to curb unfair trade practices.
The new bill, approved by the Cabinet on Wednesday, is likely to be introduced in the ongoing session of Parliament. The new bill provides for a comprehensive framework for protection of consumer interest and will replace the Consumer Protection Act.
The key features of the new bill include establishment of an executive agency 'Central Consumer Protection Authority' (CCPA) which will protect and enforce the rights of consumers.
The other key features of the bill includes product liability and provides enough powers to the regulatory authority to recall products and cancel licences, if any consumer complaint affects a section of consumers.
The bill provides for stringent penalty, including life imprisonment in certain cases and sufficient provisions for protecting e-retail consumers. (KNN Bureau)
The new bill, approved by the Cabinet on Wednesday, is likely to be introduced in the ongoing session of Parliament. The new bill provides for a comprehensive framework for protection of consumer interest and will replace the Consumer Protection Act.
The key features of the new bill include establishment of an executive agency 'Central Consumer Protection Authority' (CCPA) which will protect and enforce the rights of consumers.
The other key features of the bill includes product liability and provides enough powers to the regulatory authority to recall products and cancel licences, if any consumer complaint affects a section of consumers.
The bill provides for stringent penalty, including life imprisonment in certain cases and sufficient provisions for protecting e-retail consumers. (KNN Bureau)
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