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Posted on Nov 29, 04:10PM | IBNS
On the completion of the enactment of Consumer Protection Act (CPA), 1986, a commemorative postal stamp was issued by President Pranab Mukherjee here on Thursday.
On the occasion, K.V. Thomas, minister of state of consumer affairs, food and public distribution, said that 1986 was a watershed year in the history of consumer movement in India that witnessed the enactment of the consumer protection act - the 'magna carta' legislation aimed at protecting the interests of consumers that they do not fall victims to the unfair trade practices and sub-standard services in the market place.
He said that the special feature of this act is to provide speedy and inexpensive mechanism to redress the grievances of the consumer, and award compensation wherever appropriate. The act ensures consumer rights such as the right of choice, safety, information, public hearing and consumer education.
The minister said India's 1.2 billion consumers are the lifeblood of our economy.