(PTI)
Prime Minister Narendra Modi today vowed to protect consumer interest, saying a new law is on the anvil that will crack down on misleading advertisements and provide time-bound redressal of their grievances.
Listing consumer friendly measures taken by the BJP-led government in the last three-and-half years, he said a simplified Goods and Services Tax (GST) has ended a plethora of state and central taxes and laid the ground for reduction in prices in the long run. Rigour for use of energy-efficient LEB bulbs has not just brought down their prices but also helped save Rs 20,000 crore in electricity bills, Modi said.
Besides, he said, the government has brought down prices of life-saving heart stent implants as well as knee implants.He also said that paying consumers subsidy directly on cooking LPG has led to a saving of Rs 57,000 crore.Addressing a global conference on consumer affairs, Modi stressed that consumer interest has not just been protected by giving them rights, but also by taming inflation and various schemes that have helped poor and middle class save on spendings.
He cited examples of Ujala scheme of providing cheap LED bulbs, saying it has resulted in a saving of Rs 20,000 crore through reduction of LED bulb price to Rs 40-45 a unit from over Rs 350, as also on electricity consumption.”Today we are in the process of enacting a new Consumer Protection Act keeping in view business practices and requirements of the country. The proposed Act lays great emphasis on consumer empowerment,” he said.
