Which act is enacted to protect consumer interests?

Consumer Protection Act, 1986

The Consumer Protection Act, 1986 protects consumer interests. This legislation is designed to safeguard the rights of consumers and ensure fair trade practices in the market. It empowers consumers to seek legal remedies in case they face issues related to the quality of goods, services, or unfair trade practices. The significance of the Consumer Protection Act lies in its role in providing a legal framework for consumers to address grievances and seek compensation for any harm or loss suffered due to business practices that violate their rights. It reflects a commitment to ensuring that businesses operate ethically and in the best interests of consumers.