Just In
- 42 min ago Apple Pencil with iPad and Vision Pro Support in the Works: Report
- 48 min ago Flipkart Tablet Premier League Sale: Craziest Deals on iPad 10th Gen, Xiaomi Pad 6, and More
- 2 hrs ago Lenovo Tab M11 with MediaTek Chipset, 90Hz Display Launched in India: Check Price, Specifications
- 2 hrs ago Realme 12x 5G Launch Date in India set for April 2: Key Specifications, Design Revealed
Don't Miss
- Automobiles Honda Motorcycles Reports Remarkable 83.18% Sales Increase in February 2024
- Finance This Airline Shares Surge On Rs 755 Crore Settlement With Lessor; To Own 13 Bombardier Planes
- News Denied Ticket From BJP, Varun Gandhi Gets Offer To Join Congress
- Sports Mumbai Indians IPL 2024 Schedule: Updated List of MI Matches, Dates, Venue, Time, Results
- Movies Baakiyalakshmi Star Neha Menon Speaks Out: Debunks Romance Rumours With CSK Player And Shares Love's Trials!
- Education NVS Non Teaching Recruitment 2024; Apply online for 1377 Posts, Check out for more details
- Lifestyle Taapsee Pannu Marries Mathias Boe In A Low Key Ceremony In Rajasthan, Unlocking Dunki Star's Edgy Style
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
Law on e-commerce needed to protect online consumers: IIM study
In the era of increased online shopping, a study conducted by the Indian Instituteof Management-Ahmedabad (IIM-A) has stressed on a need for a separate law for e-commerce with a view to protect rights of web consumers in India.
"To effectively protect a consumer buying goods or services through e-commerce would need a separate law, as other countries have," said the study conducted by IIM Ahmedabad. "European Union has come up with 'Directive on the Protection of Consumers in respect of distance contract which the Union countries have given effect to. The UK first gave effect to it with the Consumer Protection (Distance Selling) Regulations 2002," it said.
SEE ALSO: Top 20 Smartphones Launched This Week: Sony, Acer, Huawei, ZTE And More
The recent study titled as 'Consumer Rights in the New Economy: Amending the Consumer Protection Act, 1986' conducted by Professor Akhileshwar Pathak of IIM-A also highlighted the problems faced by consumers in E-Commerce. "In E-commerce, numerous problems arise due to the buyer and seller being at a distance.
The buyer is not able to inspect or sample the goods or services. The buyer necessarily pays through a card. This brings in the problem of fraudulence in card payment," it said. The study has reviewed the proposed amendments in the Consumer Protection Act, 1986, proposed by the union ministry of consumer affairs.
The Union Cabinet had in July approved the new bill as 'Consumer Protection Bill, 2015' and Consumer Affairs Minister Ramvilas Pasvan had tabled it in Lok Sabha as well. The new bill seeks to replace the 29-year-old law and proposes to set up a Consumer Protection Authority which will also have the power to initiate class suit against defaulting companies.
SEE ALSO: Sony Xperia Z5 Premium vs Samsung Galaxy Note 5: Time for some Japan vs Korea action!
The new bill came against the backdrop of emergence of complex products and services in the era of growing e-commerce business in India that has rendered consumers vulnerable to new forms of unfair trade and unethical business practices.
Source PTI
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999
-
31,999