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Cabinet's nod to Consumer Protection Bill a welcoming move, says IDSA

ANI  |  New Delhi [India] 

The approved the new Protection Bill that proposes to establish an authority to safeguard the interest of the consumers and facilitating faster redressal mechanism.

After the Cabinet nod, the is likely to pass the Protection Bill 2017 during this winter session. Once the Bill gets passed in the Parliament, the new Act will replace existing Act, 1986.

The new Bill, after taking shape of an Act, will also have a mechanism for redressal of complaints regarding the defect in goods and deficiency in services.

"Indian welcomes the Cabinet nod to the new Consumer Protection Bill. We take this opportunity to thank the for deciding to approve such a vital bill. We also appreciate and thank the Ministry of Consumer Affairs, Food and Public Distribution for their relentless efforts over the last few months to present the Bill to Cabinet for approval," said IDSA,

"We also remain hopeful that the Bill will be passed in the current session Parliament, something that would bring huge relief for the consumer and the Direct Selling Industry. For a long time now, IDSA has been advocating for tabling of the new Consumer Protection Bill in the interest of consumers. Direct Selling Industry thrives on consumer satisfaction and the new Act will ensure that consumer's interest remains at the top," added

The Department of Consumer Affairs, Government of India, has been stressing upon the need of a strong and exhaustive Consumer Protection Mechanism. During an international conference on Consumer Protection for East, South, Southeast and Asian nations, held in October 2017, had said that the Government will soon enact a new Consumer Protection Act, keeping in view practices and requirements of the country.

He had also stated that the new Act is in line with the revised UN guidelines on consumer protection.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 21 2017. 19:10 IST