Govt To Amend Consumer Law To End Unfair Terms
Soon, your telecom operator, bank or real estate developer may not be able to get away with one-sided contracts.
The government is set to revamp the Consumer Protection Act, 1986 to provide for acting against unfair terms in contracts which are skewed in favour of service providers or manufacturers.
Government officials said discussions are on to bring in transparent rules on unfair contracts. Under the present laws, the contracts are unilateral and there is no protection against unfair contracts. The planned changes are likely to be introduced in Parliament soon. “Work is under way on the issue and we hope to bring the changes for debate soon,” a senior government official told TOI.
Soon, your telecom operator, bank or real estate developer may not be able to get away with one-sided contracts.
The government is set to revamp the Consumer Protection Act, 1986 to provide for acting against unfair terms in contracts which are skewed in favour of service providers or manufacturers.
Government officials said discussions are on to bring in transparent rules on unfair contracts. Under the present laws, the contracts are unilateral and there is no protection against unfair contracts. The planned changes are likely to be introduced in Parliament soon. “Work is under way on the issue and we hope to bring the changes for debate soon,” a senior government official told TOI.
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