Issue: December 2017
 
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 COVER STORY
 
 
  Consumer Protection in India: Genesis and Recent Developments by Shri D P S Verma
  The author opines that the Government of India has taken a number of steps for the protection of consumers’ interest, but there is still a long road ahead to ensure effective consumer justice
  Keeping Pace with Technological Dynamics by Shri Sitaram Dixit
  In this article, the author has said that understanding consumer worries and expectations about the digital medium and striving to find ways to build trust is by itself a big challenge for policy makers
  Justice Delivery for low Income Consumers by Shri BC Gupta
  The author opines that it is high time for Administrative and Judicial Authorities / Institutions involved in the task of consumer
  Consumer Inclusion in Financial Services by Shri G Sundaram
  He opines that there should be appropriate controls and insurance mechanisms to protect consumer assets, including deposits
Lead Article

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Budget for Better Bharat:

Union Budget, this year, was presented amidst a host of uncertainties. Demonetisation drive and imminent GST drive, new administration in US etc. made the whole exercise very challenging. This year’s Budget was also historic as it broke away from age old tradition of being presented on the last day of February, merged the Rail budget with Union budget and departed from the classification of Plan and Non-Plan expenditure. The Budget however continues to reflect the Government’s priorities of being pro-poor, pro-rural, and pro-farmer and focuses on the long term agenda of boosting economic growth. The overall objective being to “Transform, Energise and Clean” India, the Budget has adopted a multipronged approach and has given attention to all sectors of the economy with adequate thrust on rural development, agriculture, infrastructure, skill development, manufacturing and employment generation. With farmers and rural population being at the top in the list of priorities, a number of measures have been announced to double the income of the Indian farmers in five years. Agriculture credit allocation has been increased to Rs 10 lakh crore. To save the farmer from the natural calamities, target has been increased to cover 40 per cent of crop area under Pradhan Mantri Fasal Bima Yojana and corpus under Long Term Irrigation Fund has been increased to Rs 40,000 crores. Launch of Swayam with over 300 online courses and allocation of Rs 4,000 crore to train the youth for market-oriented skills under Sankalp are aimed at making India the skill capital of the world. A number of measures have been taken to encourage investments and increase the Ease of Doing Business Taken together, the Budget 2017-18 reiterates the Government’s intentions to bring about greater transparency, reduce corruption and achieve faster economic growth and is a step further in this direction with something for everyone to smile.
 
 
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