December 24 is observed as the day for National Consumer Rights. It aims to educate consumers of their rights and to prevent them from prevalent malpractices.
The exploitation of consumers has been quite common in India. The problems were only aggravated by inflation and poor technology. Taking the repercussions in the account, the Consumer Protection Bill was passed in 1986. And, under the Consumer Protection Act, 1986, December 24 was marked as National Consumer Day.
‘Fair Digital Finance’ is the theme for World Consumer Rights Day 2022.
In 1991 and 1993, certain amendments were made in the Consumer Protection Act. Later, to make it more effective, a couple of changes were made in December 2002, which came into effect on March 15, 2003.