National Consumer Day

National Consumer Day is observed each year on December 24 to spread awareness about consumer importance, their rights and responsibilities. The Consumer Protection Act, 1986 received the President’s assent and came into force on this day. The Act seeks to protect consumers from a variety of exploitations like unsatisfactory services, defective goods and unfair trade practices. India currently has well-established consumer protection mechanism, which includes NCDRC and several consumer protection schemes.