Notes and Study material for Exams
The World Trade Organization came into being in 1995 as the successor organization to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. It is a multilateral framework (an agreement among governments) for conduct of international trade in goods and Services and also for protection of Intellectual … Read more
The Consumer protection Act is an Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers’ disputes and for matters connected therewith .A number of laws have been enacted in India to … Read more
Nepotism Nepotism describes a variety of practices related to favoritism; it can mean simply hiring one’s own family members, or it can mean hiring and advancing unqualified or under-qualified family members based simply on the familial relationship. The word nepotism stems from the Latin word for “nephew,” especially the nephews of the prelates … Read more
Consumer protection and Remedies In regulatory jurisdictions that provide for it (comprising most or all developed countries with free market economies), consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace. The laws are designed … Read more
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers, as well as fair trade, competition, and accurate information in the marketplace. The laws are designed to prevent the businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors. They may also provide additional protection for those most vulnerable … Read more
The National Anti-Profiteering Agency: A Bastion Against Unfair Gains in India The Indian economy, characterized by its vastness and complexity, is susceptible to instances of profiteering, where individuals or entities exploit situations to gain undue financial advantage at the expense of others. Recognizing this vulnerability, the Indian government established the National Anti-Profiteering Authority (NAA) in … Read more