The President of India, Shri Pranab Mukherjee released a commemorative postage stamp on the occasion of Silver Jubilee of Consumer Protection Act, 1986 at a function today (29.11.2012) at Rashtrapati Bhavan.

Speaking on the occasion, Prof K.V. Thomas, Union Minister of State (I/C) for Consumers Affairs, Food and Public Distribution described the Consumer Protection Act as a 'Magna Carta' legislation aimed at protecting the interests of consumers so that they do not fall victim to the unfair trade practices and sub-standard services in the market place. He said that India's 1.2 billion consumers are the lifeblood of our economy and a vibrant economy depends on effective demand from consumers for affordable quality products and services. The Indian consumers are looking forward to services of international standard in all sectors such as health, banking, insurance, tourism, hospitality, transportation and education, he said. He stated that among the consumers, the disadvantaged groups need our special attention.

Dr. (Smt.) Kruparani Killi, Minister of State for Communication and Information Technology was also present on the occasion.

This release issued at 1530 hrs