Friday, November 22, 2024
HomeEconomyGovt examining product disclosures by quick commerce firms

Govt examining product disclosures by quick commerce firms

-



The government is verifying mandatory disclosures on packaged products sold through quick commerce companies, a senior government official said on Tuesday, signalling potential regulatory action against non-compliant firms. Consumer Affairs Secretary Nidhi Khare told reporters the government is examining whether these companies are adhering to the Legal Metrology Act, which requires disclosure of key product information.

“We are examining mandatory disclosures on packaged products sold via quick commerce companies,” Khare said.

The act mandates that packaged goods sold both online and offline must display information including maximum retail price, expiration date, weight, manufacturer details, and consumer grievance addresses.

Khare indicated that the Consumer Affairs Ministry may take action against quick commerce companies found to be in violation of these disclosure requirements.

The move comes as quick commerce gains popularity in India, with companies promising ultra-fast delivery of groceries and other daily essentials.



Source link

LATEST POSTS

Indian Hotels shares trade at all-time high. Can the rally defy market gloom?

The shares of Indian Hotels Company have been performing very well amid a weak market. The stock is currently trading at its all-time high...

india pmi: Robust services drive India’s business activity to 3-month high in Nov, cost pressures grow

India's business activity rose at its fastest pace in three months in November, helped by an improving services industry and record job creation, but...

No respite! Adani Group stocks plunge up to 11% as Kenya cancels deals after US charges against Gautam Adani

Adani Group has rejected accusations as "baseless", whilst Indian government officials have remained silent on the matter. Adani Group stocks latest news: Adani...

Microsoft’s AI agents: 4 insights that could reshape the enterprise landscape

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More The era of AI agents has...

Most Popular

spot_img