More people are living in rental units and they are staying there longer. What does this mean for insurers? Is this an important opportunity or a short-term trend to ignore?
Consumer protection laws are designed to ensure fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves.
Consumer Protection laws are a form of government regulation which aim to protect the rights of consumers. For example, a government may require businesses to disclose detailed information about products particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights" that consumers have various rights as consumersand to the formation of consumer organizations which help consumers make better choices in the marketplace.
Consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing. Consumer interests can also be protected by promoting competition in the markets which directly and indirectly serve consumers, consistent with economic efficiency, but this topic is treated in Competition law.
How to Lodge a Consumer Complaint To provide simple, speedy and inexpensive redressal of consumer disputes, the CPA envisages a 3-tier quasi-judicial machinery at the National, State and District levels.
National Consumer Dispute Redressal Commission, known as National Commission, deals with complaints involving costs and compensation higher than Rs. State Consumer Dispute Redressal Commission, known as State Commission, deals with complaints involving costs and compensation higher than Rs.
Twenty Lakh and less than Rs. District Consumer Dispute Redressal Forum known as District Forum, deals with complaints involving costs and compensation less than Rs.
Consumers can file different types of complaints depending on their specific grievance by visiting the Consumer Court at the district, state or national level along with the documents required for filing the complaint.
Following is a list of documents that the prospective complainants need to carry with them to the Consumer Court at the time of filing the complaint Consumer Protection Law In India: The growing interdependence of the world economy and international character of many business practices have contributed to the development of universal emphasis on consumer rights protection and promotion.
Competition law and Consumerism In the pursuit of globalization, India has responded to opening up its economy, removing controls and resorting to liberalisation. The natural corollary of this is that the Indian market should be geared to face competition from within the country and outside.
The Monopolies and Restrictive Trade Practices Act, has become obsolete in certain respects in the light of international economic developments relating more particularly to competition laws and there is a need to shift our focus from curbing monopolies to promoting fair competition.
The law aims to promote healthy competition. It bans anti-competitive agreements between firms such as agreements to fix prices or to carve up markets, and it makes it illegal for businesses to abuse a dominant market position. Medical profession is one of the most oldest professions of the world and is the most humanitarian one.
There is no better service than to serve the suffering, wounded and the sick. Aryans embodied the rule that, Vidyo narayano harihi which means doctors are equivalent to Lord Vishnu.
Since long the medical profession is highly respected, but today a decline in the standard of the medical profession can be attributed to increasing number of litigations against doctors for being negligent narrowing down to medical negligence.
Hospital managements are increasingly facing complaints regarding the facilities, standards of professional competence, and the appropriateness of their therapeutic and diagnostic methods.
When incidents like these began to rise, Consumer the King: The consumer protection in India is not a post modern thought, it has evolved through centuries.
Its roots can be found in Manu Smiriti. Consumer Protection has had relevance since the existence of consumers in India. Manu smriti lays out a charter of ethics for sellers on how to sell consumer products to consumers.Lifestyles of Health and Sustainability (LOHAS) may be the most meaningful consumer trend you’ve never heard of.
Are you part of it? Nike is making organic sportswear and talking about becoming a responsible global citizen. Ford is turning out hybrid SUVs from its much touted and newly “greened. Lifestyles of Health and Sustainability (LOHAS) is a demographic defining a particular market segment related to sustainable living, "green" ecological initiatives, and generally composed of a relatively upscale and well-educated population initiativeblog.com author Paul H.
Ray, who coined the term Cultural Creatives in his book by the same name, explains that "What you're seeing is a demand for. Start studying Consumer Behavior - Ch. 6. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Consumer Lifestyles™ matches your needs and interests to relevant products and services; helping you save money and support the things you care about the most.
It is the only Philips division headquartered in Amsterdam, the Netherlands.