In which year the Consumer Protection Bill was passed by both the Houses of the Parliament, and received the assent of the President?

Key Points

• The Consumer Protection Bill was passed by both the Houses of the Parliament in the year 1986.
• It received the assent of the President in the same year, marking a significant step towards safeguarding consumer rights in India.
• The Act seeks to provide better protection of the interests of consumers and makes provisions for the establishment of consumer councils and other authorities for the settlement of consumers' disputes.

Additional Information

• The Consumer Protection Act, 1986 is one of the most comprehensive legislations to protect the rights of consumers in India.
• It aims to provide a simple and quick solution to consumer grievances.
• The Act also mandates the establishment of Consumer Protection Councils at the central, state, and district levels to promote and protect the rights of consumers.
• Some of the consumer rights recognized under the Act include the right to be protected against marketing of goods and services which are hazardous to life and property, the right to be informed about the quality, quantity, potency, purity, standard, and price of goods or services, and the right to seek redressal against unfair or restrictive trade practices.