The consumer right discussed in the paragraph above is The Right to Safety.
The Right to Safety is one of the fundamental rights of a consumer that ensures protection from products and services that may be hazardous to health or life. Consumers are entitled to expect that the products they purchase are safe for use and do not pose any harm to their well-being. In case a product is found to be unsafe or harmful, the consumer has the right to seek compensation or relief.
In the case of 'Karamati Sweets,' Bholaram's decision to use adulterated khoya and paneer in the sweets led to the consumption of harmful products by the customers. The consumers who bought sweets from the shop unknowingly consumed unhealthy and potentially dangerous products, which violated their right to safety. As a result, people began falling sick due to the unsafe products.
Raghav, a member of the non-governmental organization 'Meri Voice,' realized the need for consumer awareness about their rights and the available relief mechanisms. He took action by creating awareness in the village about consumer rights, including the right to safety. Through talks and presentations, he helped the villagers understand that they had the right to protection from unsafe products and that they could seek remedies or compensation for the harm caused by 'Karamati Sweets.'
The consumer right discussed in the paragraph is The Right to Safety, which protects consumers from harmful and unsafe products. In this case, 'Karamati Sweets' violated this right by selling adulterated sweets, and Raghav's awareness campaign helped the villagers understand their right to safety and seek justice.
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |