Industry Lobby actively working against Anti-Profiteering authorities
I have seen such opinions in all business papers almost and its coming from brands who are having to lower prices because of all of our complaints.
India is a country which has over 600M uneducated consumers who dont even understand what MRP means. These brands want that no consumer rights organisation should exist and the Govt and Judiciary have limited capacity to handle consumer issues.
Unless until DGAP NAA etc and many such organisations exist and function properly, we will all be in the hands of brands. Anti Profiteering term must be extended by atleast 2 years as gst is still evolving and according to me every state govt ministry of finance should have a working state antiprofiteering arm which is currently either non existent or defunct. more
And these GST prices are not actually a trade secret, because if you know the product code, you can get the 'GST Price' from certain GST websites. more
With regard to the demand of the corporate bodies or the brands for abolition of the NAA, competition in the business will take care of their margins of profit. NAA may be abolished. more
You can understand all about the hollowness of the MRP if only you go to the local kiranawala and talk to him about the MRP. He will let you know that it is all bogus. He gets the material far far below the MRP and many companies even ask the retailers how much they want the MRP be printed.
The customer/consumer does not know at what rate the seller has been able to buy the material and how much profit he has been making on it.
One can come to know if your relative/close friend helps you to buy it at the cost price if he is the dealer himself. You will roll your eyes when you know the actual manufacturing cost.
Well this will be a very long story for this particular post. Hence, I close it at this.
The consumers have to grow into a very strong force if they want some ethical practices to be instilled into the manufacturers and businessmen. more