Pranab Mukherjee releases postage stamp on Consumer Protection Act
President Pranab Mukherjee today released a postage stamp to commemorate the completion of 25 years of the Consumer Protection Act at a function in Rashtrapati Bhavan.
Prof K.V. Thomas, Union Minister of State (I/C) for Consumers Affairs, Food and Public Distribution, who was present on the occasion, described the Consumer Protection Act as a 'Magna Carta' legislation aimed at protecting the interests of consumers so that they do not fall victim to the unfair trade practices and sub-standard services in the market place.
He said that India's 1.2 billion consumers are the lifeblood of our economy and a vibrant economy depends on effective demand from consumers for affordable quality products and services.
The Indian consumers are looking forward to services of international standard in all sectors such as health, banking, insurance, tourism, hospitality, transportation and education, he said.
He stated that among the consumers, the disadvantaged groups need our special attention.
Dr. Kruparani Killi, Minister of State for Communication and Information Technology was also present on the occasion.