In August 2015, the Centre had introduced the Consumer Protection Bill in the Lok Sabha to repeal the 30-year-old Consumer Protection Act. The standing committee had also submitted its recommendations in April.
The ministry has accepted some of the recommendations of the panel and finalised the draft Bill, which has also been vetted by the Group of Ministers, headed by Finance Minister Arun Jaitley.
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The ministry will soon take the Cabinet approval on the fresh draft and hopes to get it passed in the ongoing Parliament session, he said.
The minister said the government has made sweeping changes in the Bill as it now provides huge penalties on celebrities endorsing misleading advertisements.
It also seeks to create a Consumer Protection Authority to fast-track grievance redressal of consumers on the lines of US and European countries. The Bill has a provision for product liability and penalties in certain cases of food poisoning.
Consumer Secretary Hem Pande said the rules and regulations will be notified after its enactment that will adequately address the issues of jurisdiction, scope of liability, executive action against unfair trade practices as well as alternative dispute resolution.
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