CONSUMER PROTECTION: INDIAN SCENARIO
The need for and importance of consumer protection has been realized in India for a very long time. In fact, even during the British regime, a number of enactments such as the Sale of Goods Act (1930) and Agricultural Produce (Grading and Marketing) Act (1937) had been enacted. After India’s independence, the now-repealed Monopolies and Restrictive Trade Practices Act (MRTP Act) 1970 and Consumer Protection Act 1986 were two landmark legislations that were passed to protect the consumers.
Unlike in the Western countries where the functioning of a free-market economy offers only a limited scope for governments to interfere in favour of any one segment of society, in India the socialistic pattern of society ...
Get Business Ethics and Corporate Governance, Second Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
