World Consumer Rights Day: 15th March

World Consumer Rights Day: 15th March

photo

World Consumer Rights Day: March 15
World Consumer Rights Day is observed every year on March 15 to raise awareness about consumer rights and promote fair trade practices. This day serves as a reminder for governments, businesses, and consumers to ensure that consumer rights are protected and upheld in all aspects of commerce and trade.
History and Significance
The origins of World Consumer Rights Day can be traced back to March 15, 1962, when former U.S. President John F. Kennedy addressed the U.S. Congress on consumer rights. In his speech, he outlined four fundamental consumer rights:
  • The right to safety
  • The right to be informed
  • The right to choose
  • The right to be heard
This speech marked a significant step toward consumer protection, leading to the global recognition of consumer rights. The Consumers International, a global consumer advocacy organization, officially declared March 15 as World Consumer Rights Day in 1983 to highlight issues related to consumer protection worldwide.
Themes of World Consumer Rights Day
Each year, World Consumer Rights Day is observed with a specific theme that addresses key issues affecting consumers. Some past themes include:
  • 2023: Empowering Consumers Through Clean Energy Transitions
  • 2022: Fair Digital Finance
  • 2021: Tackling Plastic Pollution
  • 2020: The Sustainable Consumer
These themes focus on emerging challenges faced by consumers, including sustainability, digital rights, and ethical business practices.
Importance of Consumer Rights
Consumer rights play a vital role in ensuring that individuals are treated fairly in the marketplace. Key aspects of consumer protection include:
  • Consumer Safety: Ensuring that products and services meet safety standards.
  • Fair Pricing: Preventing unfair pricing and monopolistic practices.
  • Right to Information: Enabling consumers to make informed choices about goods and services.
  • Redressal Mechanisms: Providing legal and institutional frameworks for consumer grievances.
Consumer Rights in India
In India, consumer rights are safeguarded under the Consumer Protection Act, 2019. The act provides for:
  • Establishment of consumer courts
  • Stricter regulations for misleading advertisements
  • E-commerce consumer protection norms
  • Introduction of product liability provisions
1 like | 0 comment
Like Comment Share
IBT's Classroom Study Materials
arrow