How is the Government Ensuring a Fair Marketplace?
Click to start listening
Synopsis
In a significant address, Union Minister Pralhad Joshi reaffirmed the government's resolve to combat unfair trade practices while simplifying compliance. The emphasis on a consumer-centric and tech-driven ecosystem highlights India's journey towards a transparent marketplace. Discover how these initiatives aim to enhance consumer welfare and business efficiency.
Key Takeaways
- Strengthening regulations against unfair trade practices
- Commitment to consumer welfare
- Streamlining compliance for businesses
- Focus on innovation and technology
- Enhancing transparency in the marketplace
New Delhi, Oct 25 (NationPress) Union Minister for Consumer Affairs, Food and Public Distribution Pralhad Joshi emphasized the administration's dedication to enhancing regulations and enforcement strategies against unfair trade practices while also easing compliance requirements.
During his speech at the National Conference of Controllers of Legal Metrology in Goa, he underscored the government's aim of empowering consumers and fostering a fair, safe, and transparent marketplace.
On the social media platform X, the minister stated, "The government is unwavering in its commitment to bolstering regulations and enforcement against unfair trade practices while streamlining compliance to create a trustworthy environment for all consumers."
He noted that the government's initiatives showcase its focus on a consumer-oriented, tech-driven, and globally aligned ecosystem that prioritizes consumer welfare and innovation.
Joshi spoke alongside Goa Chief Minister Dr. Pramod P. Sawant on topics related to 'Ease of doing business', 'Use of digital technology', and consumer awareness.
"In accordance with the guidance of PM Narendra Modi, consumer care and protection are our foremost priorities. Concurrently, we are devoted to facilitating the ease of doing business, ensuring that progress is balanced with convenience for everyone," his post conveyed.
India is consistently progressing towards becoming the third-largest economy globally. Under the visionary leadership of PM Modi, he urged his followers on social media to contribute to realizing the vision of Viksit Bharat by 2047.
The government recently modified Rule 18(3) of the Legal Metrology (Packaged Commodities) Rules, 2011. This regulation previously mandated companies to publish advertisements in two newspapers announcing price revisions.
Now, manufacturers and importers are only required to distribute price change notifications to wholesalers and retailers, with copies sent to the Director of Legal Metrology at the Centre and Controllers of Legal Metrology across all states and union territories.
Point of View
It is imperative to recognize the government's proactive stance on consumer protection and market regulation. These measures reflect a commitment to balancing business interests with consumer rights, ultimately fostering trust in the marketplace. The focus on technology and innovation is commendable and aligns with global standards, ensuring that consumers feel safe and empowered.
NationPress
27/10/2025
Frequently Asked Questions
What is the main focus of the recent government initiatives?
The recent initiatives focus on strengthening regulations against unfair trade practices while simplifying compliance for businesses, ultimately creating a transparent marketplace.
How will these changes impact consumers?
These changes will empower consumers by ensuring they have access to a fair and safe marketplace, enhancing their confidence in purchasing decisions.
What is the significance of the relaxed Rule 18(3)?
The relaxed Rule 18(3) allows for more streamlined communication regarding price changes, reducing the burden on companies while ensuring that consumers are informed.
Why is consumer welfare a priority for the government?
Consumer welfare is a priority as it fosters trust and confidence in the marketplace, essential for economic growth and stability.
What are the government's long-term goals?
The long-term goals include establishing India as the third-largest economy by 2047, with a focus on innovation, consumer protection, and a tech-driven ecosystem.
