Aiming to spruce up consumer protection in the country, the central government is planning to introduce tougher consumer protection laws. Speaking about the plans to introduce stricter consumer protection laws, Prime Minister Narendra Modi said that the new laws will be designed to take action against misleading advertisements and provide time-bound justice to consumers. The trend of misleading advertisements has increased in recent times and consumers are often led astray into buying something that does not provide the value they are looking for. Getting their grievances addressed is also a major challenge for consumers, as consumer courts can take some time to deliver justice. Now, the new laws will aim at providing time-bound justice to consumers.
PM Modi said that the government is in the process of creating a new Consumer Protection Act that will be in line with the business practices and requirements, as it exists in the country. The new Consumer Protection Act will focus on consumer empowerment. “Stringent provisions are proposed against misleading advertisements. A Central Consumer Protection Authority with executive powers will be constituted for quick remedial action,” PM Modi said. The new Act will replace the Consumer Protection Act 1986. The new Act will be based on the revised 2015 United Nations guidelines on consumer protection. PM Modi said that the new Consumer Protection Act will reflect the qualities on New India and it would aim at consumer prosperity.