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Consumer protection
Consumer protection is very wide. It includes rights , responsibilities and various remedies
Available to consumers. It is not only beneficial for consumers but it is equally important for
businessmen also.
Businessman cannot survive for a long time by ignoring the interest of customers. They have
to give do importance to customers if they want to prosper in competitive market. Consumer
protection provides following benefits to businessmen:
1. Long term interest of business - After the liberalization and globalization the level of
competition has increased so much that not only internal business but also
international business has to face competition. In the race of competition the
businessman can win and capture a big share in the market only when they are able to
satisfy its customers by designing the products keeping in mind the requirement of
customers. The businessman who ignore the interest and satisfaction of customers
lose there goodwill and clients. So it is in the interest of business itself to keep its
customers satisfied.
The enactment of Consumer Protection Act 1986 was one of the most important steps taken
to protect the interest of the consumers. The provision of act came into force from July 1,
1987. The main features of this act are:
- the act seeks to provide for better protection of the interests of consumers. For that
purpose, the act makes provision for the establishment of Consumer Councils and
other authorities for the settlement of consumer disputes.
- The right to be protected against the marketing of hazardous goods and services.
- The right to be informed about the quality, quantity and purity standards.
- The right to be assured, wherever possible, access to goods and services at
competitive prices.
- The right to be heard at appropriate forums.
- The right to seek redressal against unfair trade practices.
- The right to consumer education.