Ask a question from expert

Ask now

Practices of Consumer Rights in Bangladesh

22 Pages5586 Words71 Views
   

Added on  2021-09-10

Practices of Consumer Rights in Bangladesh

   Added on 2021-09-10

BookmarkShareRelated Documents
1
Report on “Flood insurance can be a key to minimize the
risk of Bangladeshi farmers’’
Submitted to -
Fahad Zeya
Lecturer
Department of Finance & Banking
Faculty of Business Studies
Comilla University.
Submission Date:27th September, 2020
Practices of Consumer Rights in Bangladesh_1
Submitted by
Serial
No.
Name ID
01 Rabeya Basri 11817051(Leader)
02 Priya Saha 11817013
03 Sumi khandakar 11817045
04 Tisha Saha 11817034
05 Tumpa Akter 11817011
06 Imtias Uddin 11817009
07 Anika Tabassum 11817047
Letter of Transmittal
2
Practices of Consumer Rights in Bangladesh_2
11th September 2019
Fahad Zeya
Lecturer
Department of Finance & Banking
Faculty of Business Studies
Comilla University.
Subject: Submission of the report on ‘’ Comparetive analysis on the Consumer Protection Act
and its practices in Bangladesh
Honorable Sir,
This is a great pleasure for us to submit the report on “Comparetive ayalysis on the Consumer
Protection Act and its practices in Bangladesh” as a per your guideline and instructions.Making
this assignment,we have been a great pleasure & an interesting experience.Here we are
submitting our assigmment.
Therefore, we beg your kind consideration in this regard; we will be very grateful if you accept
our assignment and oblige us thereby.
Sincerely yours,
Rabeya Basri
On behalf of the group “Group 04
Department of Finance and Banking
Comilla University
Acknowledgement
3
Practices of Consumer Rights in Bangladesh_3
As the students of Faculty of Business Studies, this report is an essential part of our academic
purpose. We have gathered a lot of practical knowledge and experience by preparing this
assignment. Thanks to Allah who gives us the opportunity to complete this task properly. A lot
of people helped us by providing information about the assignment. They also provided us
valuable advice and guidance.
In this regard, at first I want to thank our FIN:107 ’’Principles of Marketing’’ course instructor,
MD Amdadul Hoque, Assistant Professor, Department of Finance and Banking. His constant
presence and words of encouragement inspired us to do our best. We would like to pay our
gratitude to all of the related books, authors and related Web Sites that helped us a lot for the
completion of this assignment before, during, and after the working period.
Table of Content
No. Content Page No.
01 Introduction of the study:6-8
4
Practices of Consumer Rights in Bangladesh_4
No. Content Page No.
Introduction
Statement of the problem
Significance of the study
Objectives of the study
Methodology
Limitations of the study
02 Overview of existing laws for consumer protection in
Bangladesh
8-12
03 Opinions of the consumers regarding existing law in
Bangladesh
12-13
04 Present situation and status of the consumers in
Bangladesh
13-17
05 Status of preservatives and adulteration in Bangladesh 17-18
06 Major problems faced by the consumers 18-19
07 Recommendations and implementation strategy 19-21
09 Conclusion 21
Introduction
The term consumer protection law has become the talking issue now-a-days.Consumer is the
person who purchase products for personal use.To purchase good quality products consumer
protection law is needed.Consumer protection laws are a form of government regulation which
desires to protect the rights of consumers. For example, a government may require businesses
5
Practices of Consumer Rights in Bangladesh_5
to disclose detailed information about products—particularly in areas where safety or public
health is an issue, such as food.
Actually in Bangladesh,there was no specific law for a long time on the protection of
consumer’s rights. After prolonged advocacy and lobbying by the Consumer Association of
Bangladesh (CAB) with the government and the policy makers a draft Consumers Protection
Law was formulated long time back. Last Care-taker Government passed an Ordinance in this
regard in 2008. The present Government has enacted a “Consumer Rights Protection Act, 2009”
on 6th April, 2009.
In this report we can know the consumer protection law of Bangladesh and present status of
this law,the problem we face in this law and the recommendations and suggestions for the
development of consumers rights.
Statement of the problem
People who is belonging to the poor and fixed income groups continue to rule under the
burden of spiraling prices of essential commodities and that too in short weights and measures,
not to speak of the quality.Under free market economy the buyer is a mute
victim of manipulated market forces in the country. It is happening due to long-drawn out
absence of a consumer law. The provisions of consumer protection can be found at Articles 15
and 18 of the constitution. However, these provisions are mainly focused on the vital issues of
‘health’ and ‘food’ than on other consumer rights.Apart from these, Bangladesh also has a few
specific consumer protection legislations which are ‘scanty’, scattered over a whole range of
consumer interests.Therefore, there is no successful consumers’ protection law in Bangladesh.
The main reason of weak consumer movement in Bangladesh is that consumers are not aware
about their rights, whereas in a market economy they ideally are the kings. Here it is still
emerging stage as consumer awareness grows with literacy. But consumer movement is
complicated due to our socio-economic condition is not so good.
6
Practices of Consumer Rights in Bangladesh_6

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Protection of Consumers' Rights in Bangladesh
|22
|5581
|96

Report on Brand Value Financial Performance - Dhaka Bank Ltd
|13
|3465
|32

The Concept of Internal Control System: Theoretical Aspect
|13
|4633
|148

The Impact of COVID-19 Pandemic on the Profitability of Banking Sector
|36
|9384
|381

Course Code: B-505 Risk Management in Banking Course Description: NCC Bank Scams, Crescent Group Scam with Janata Bank and Bangladesh Bank Heist
|24
|6428
|377

JetBlue Airways IPO Valuation
|20
|4727
|65