The following points highlight the seven main recommendations of MRTP Act. The recommendations are: 1. Authorities under the Act 2. Concentration of Economic Power 3. Restrictive Trade Practices 4. Monopolistic Trade Practices 5. 'Unfair Trade Practices'—A new concept introduced by the MRTP (Amendment) Act, 1984 6. Comments on MRTP Act 7. MRTP Amendment Ordinance 1991. Recommendation # 1. Authorities under [...]
The below mentioned article provides highlights on the Consumer Protection Act, 1986. Introduction: The Consumer Protection Act 1986 was passed by the Indian Parliament to protect consumer rights and to redress consumer complaints and resolve consumer disputes. Every individual is a consumer of goods and services and expects a fair deal against unfair exploitation. This Consumer Protection Act applies to [...]
Meaning of Industrial Policy: Any government action aimed at affecting industry may be considered to be part of industrial policy, which makes it a limitless field. It usually means government action to influence the ownership and structure of industry and its performance and it takes the form of paying subsidies or providing finance in other ways, or of regulation. It [...]