Showing posts with label consumer rights. Show all posts
Showing posts with label consumer rights. Show all posts

Friday, September 23, 2011

Who is Looking Out For You?

The Consumer Court that the government of Nepal is creating is a positive step towards a safe and fair business environment, which is crucial, not only for the safeguard of consumer rights, but also for a vibrant economy. Due to the very high (% of income) transaction costs for any consumer to bring a suit against a business, there has to be proactive government inspections for this program to succeed. I am sure that it will be a learning experience and many kinks will be ironed out as they come up.

All in all, I think it was high time Nepal had a system in place to protect the consumers. Let's just hope the body stays independent and doesn't get bought out by special interests!

शुभकामना!