NEW DELHI: Emphasizing that "consumer protection" is one of the supreme priorities of his government, Prime Minister Narendra Modi on Thursday strictly provide guidelines are to care for people from misleading advertisements.
"The government prioritizing consumer protection is in line with our resolve of New India. We will change it to consumer prosperity on the way ahead," quoted PM Modi addressing at the International Conference on Consumer Protection for East, South & South-East Countries in New Delhi.
PM Modi added that the government is working on a new consumer protection law which would lay out much stricter guidelines on advertisements and make certain that people are not to deceive.
"Stringent provisions have been proposed against misleading advertisements. A Central Consumer Protection Authority with executive powers will be constituted for quick remedial action," PM Modi further added.
This new law will put back the Consumer Protection Act 1986, and will instead add in the revised 2015 UN guidelines on consumer protection.
The conference saw participation from 24 countries; the PM Modi credited the new Goods and Services Tax (GST) system for giving the Indian Economy "a new business culture."
Modi asserted that with the introduction of GST, consumers now know the amount of tax going to the Centre and states, and would not be embittered.
"GST will boost competition between companies, which will decrease prices of goods, in turn benefiting poor & middle-class consumers,” PM Modi said.
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