Consumer Issues
New law to protect consumers' interests: Paswan
Union Minister of Food and Public Distribution Ram Vilas Paswan on Tuesday said that the central government is preparing to come up with a new Consumer Protection Act to protect the interests of consumers.
 
An official statement here said that Paswan, while addressing Regional Editors' Conference in Chandigarh, asserted that consumer awareness is of paramount importance for safeguarding their interests.
 
The minister also urged media to play an active role in this regard. 
 
Paswan said that his ministry is working on new Consumer Protection Act which will have more teeth to protect the interests of consumers. 
 
"An authority has been proposed under the act to take suo motto action if product and services are not up to the standard," it said. 
 
It also quoted the minister as saying that charging over Maximum retail price (MRP) is unfair trade practice and the new Consumer Protection Act will effectively check the problem.
 
"Very soon services and products in the area of health, food etc. shall have to follow mandatory quality standards. Precious metal like Gold and silver shall have to wear hallmarking for the larger interests of consumers," it added. 
 
New Bureau of Indian Standards Act has been enacted for this purpose and rules are being framed, the minister announced.
 
Addressing the issue of misleading advertisements, Paswan said effective provisions have been proposed in the new Consumer Protection Act and it will enable people to file complains in consumer courts online from any place in the country. 
 
It will also ensure time-bound admission of their complaints in the courts, the minister added. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Sunil Prakash

4 months ago

Mr. Paswan has been saying this from day one, he took charge as the Minister. When he took chrge he insisted CCC to arrange a National conference where he will address and this is what he said that he is aware of the issues of CPA and this needs to be strengthened. What has he done in these 3 years. He should have been like a bullet train which his PM is planning for the country. he is still rolling in the bullock cart and unlike any politician, we will see, we will do concept is still being followed.

India needs a fast track movement and the Politicians and bureaucrats have to wake up from their sleep and catch up.

vswami

4 months ago

'Consumers' are looking forward that the new law would, besides other similar concerns, adequately provide for retroactive relief in respect of dealings with realtors as envisaged in the RERA.

In several previous Posts in public domain this particular aspect has been gone into and the viewpoints been shared ; that is, on the implications of the applicable specific provisions in the RERA , such as in sec 20

If anyone were to care and look back, it will be readily realized that he wisdom to be gathered but left to be done so is in abundance. It has also the common experience that in most consumer court proceedings the first line defense sought to be put forth by the opposite party, albeit invariably without success, is that there is no relationship of ‘consumer’ / ‘customer’ between him and the complainant. Look up the previous posts herein , the last one being on Sept. 30, https://www.facebook.com/swaminathanv3/posts/1095098770566408.

For more:

<> http://swaminathanv208.blogspot.in/2016/03/rera-contd.html [http://swaminathanv208.blogspot.in/2016/03/rera-contd.html/&h=haqg9n4bsaqglytnhktqpnrmymvnzqz2u0xghkcva8g-nqg&enc=azn1ebuu1czwl9ehlwo0gomcmnb96capk8vrypzhxuawe1_jxufrb_mie58pisldeaxwebpbpsyaprytm4teg_31ay2gbmzcf2r748haxdgs4sgak-dkbgct_qao0nqot-p3dvxp7k_vbf0utrcle58agi-cojtishg2y0emermkojncvf_lbrfpsroa0usjrgkb9vqmsxyecpk6bbux8m-7&s=1_green]

<><> http://swaminathanv208.blogspot.in/…/rera-drft-rules-2016_2… [http://swaminathanv208.blogspot.in/2016/08/rera-drft-rules-2016_2.html/&h=faqgwyvleaqhflyc69fe7ggosvqps0zzaduprj4ojhuxpbq&enc=azojbpqo9flm-rtqfkrxxwxg-q2umhtfrq01carrsdt6fvbsgccisduzhmhut_wcngz-evxm_nznglx96ckqciuax2qmwbwvoqxar0-ybxf8xq0b7dixziby0urbcopze2jmw8obtyhrvqyqryheaj7mwtjtojahdal9njpbx6rrpzy5r4quyr9wobd87lpshq-jldnxt_bw5kbzlyqlllb0&s=1_green]

<><><>
http://swaminathanv208.blogspot.in/…/regulatory-law-maha-co… [http://swaminathanv208.blogspot.in/2016/01/regulatory-law-maha-contd.html/&h=xaqhhszk8aqe5k5d1dehwazcgkw4c-ymt9pov53sgsgxa5a&enc=azmw_kxzzuzdlhkbyle3lm2phqnixotponzqnzcsu_de58j7z5s00ol6czbdcu_0e1ywpzwjeowdouescdnulqjcehqk3qu2vlkg2anybcw_bglimyfcd37rt5wdthzxwp9zegga6hhnycmxa3rqnoldghdieyy9ntrgiocf-shu-2ftuyzwe0zqxwnwdx9icmyjrxk4mg7un7owm-wjzbhr&s=1_green]

The common experience is illustrative of the fact that resort to consumer court is largely preferred by the aggrieved ; for the one god reason that, broadly viewed, proves to be cost and time effective, in comparison to civil or criminal court proceedings. With that in focus, the new law requires to be framed and structured , and legislated, after ensuring that is made clearly applicable to all such disputes between a service provider and the serviced- in the sense of not only ‘supply of goods’ but also of services, of all kinds, in the most comprehensive sense of the terms.

Over to, for the special attention of, and follow-on action by, one and all intimately concerned ; mainly, of the pro-active core group who have been enthusiastically batting and carrying on the fight for the RERA at the ministry level.

Tribunal tells Airbus to deposit Rs192 crore in Kingfisher case
The Debt Recovery Tribunal ordered global aerospace major Airbus Industries to deposit Rs 192.5 crore with it in eight weeks towards pre-delivery payment, a consortium of banks made for purchase of aircraft by defunct Kingfisher Airlines of tycoon Vijay Mallya.
 
Tribunal presiding officer K. Srinivasan passed the order on Tuesday on an amended petition the consortium filed to recover the payment made for the aircraft on behalf of the airline over a decade ago.
 
The consortium includes state-run Oriental Bank of Commerce, Corporation Bank and United Bank of India.
 
Though Airbus and Kingfisher signed the purchase deal in 2005, the aircraft were not delivered even till the debt-ridden airline was grounded in October 2012.
 
When Airbus failed to repay, the consortium made budget carriers Indigo and GoAir a party to the case under "garnishment" and sought a direction to them to deposit the money with the tribunal instead of paying the former (Airbus) with which they also placed orders to buy its aircraft.
 
Garnishment is a legal process where payment towards a debt owned by an individual or a firm can be paid by a third party, which holds money or asset that is due to the individual or firm directly to the creditor.
 
A court or tribunal order of garnishment allows a creditor (consortium) to take the property of a debtor (Kingfisher) when it does not possess the asset (aircraft).
 
The low-cost airlines rejected the consortium's plea, as making them party to the debt recovery case would affect their business operations.
 
Airbus too objected to such an arrangement (garnishee order) as it was not a party to the case and neither a borrower or defaulter.
 
Consortium counsel, however, contended that the tribunal had jurisdictional powers to adjudicate the case, as the agreement was signed in India between banks, Kingfisher and Airbus, and the aircraft were to be delivered in India.
 
Agreeing with the counsel's view, the tribunal on September 27 directed the consortium to amend its petition in the garnishee proceedings for making Airbus deposit any amount it receives from an Indian carrier for purchasing aircraft with it.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Banks to auction Mallya's Goa villa on Wednesday
A State Bank of India (SBI)-led consortium of banks will on Wednesday auction the Kingfisher Villa in Goa, which was once owned by industrialist Vijay Mallya.
 
The reserve price for the Goa property has been set at Rs 85.29 crore.
 
The liquor baron left the country in March and is currently said to be living in Britain. 
 
Kingfisher Villa, owned by United Breweries Holdings (UBHL), was mortgaged as collateral for loans to Kingfisher Airlines.
 
Kingfisher Airlines owes around Rs 9,000 crore to the consortium of 17 banks.
 
The villa had been opened for inspection to interested bidders on September 26-27 and October 5-6.
 
Two attempts this year to e-auction Kingfisher House, the airline's corporate office in Mumbai, ended in failure as no buyer approached SBICAP, which is auctioning Mallya's properties on behalf of the lenders.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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