Precious metals like gold and silver would have to bear a hallmark for the larger interests of consumers, he added.
The New Bureau of Indian Standards Act has been enacted for the purpose and the rules were being framed, said the Union Minister of Consumer Affairs, Food and Public Distribution while addressing the Regional Editors' Conference organised by the Press Information Bureau (PIB).
Paswan said his ministry was working on the new Consumer Protection Act which will have "more teeth".
An authority has been proposed under the new act to take 'suo motu' action if products and services were not up to the standard, he said.
The minister said charging over the maximum retail price (MRP) was an "unfair trade practice" and expressed hope that the new statute will check that effectively.
Regarding misleading advertisements, Paswan said effective provisions have been proposed in the new statute.
The new act will enable the people to file complaints before consumer courts online and it will ensure a time-bound admission of the same, he said.
The Union minister said currently, over 81 crore people were getting subsidised foodgrains -- Rs 2/kg wheat and Rs 3/kg rice -- under the National Food Security Act and very soon, beneficiaries from across the country, except Tamil Nadu, will get them as Kerala too has agreed to implement the act from November.
Referring to the Centre's efforts to check the prices of essential commodities, especially pulses, Paswan claimed that incentives given to the farmers will increase the availability of pulses soon.
The states were being provided pulses at subsidised rates from the stock, he said.
Paswan said consumer awareness was of paramount importance for safeguarding their interests and appealed to the media to play an active role in this regard.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
