Purpose of market monitoring is not to terrorize business: Supplies Minister Sah
Summary
Industry, Commerce and Supplies Minister Dipak Kumar Sah said market monitoring is meant to protect consumer rights and healthy competition, not to intimidate businesses. He said fines and penalties will be applied equally to public and private entities that violate the law, citing a Rs 300,000 penalty on Salt Trading Corporation Limited.
Key Points
- Minister Dipak Kumar Sah said market monitoring is intended to ensure healthy competition and consumer protection, not to terrorize business.
- He said fines and punishments will be imposed equally on public and private entities that break the law.
- The government recently fined Salt Trading Corporation Limited Rs 300,000 for actions against consumer welfare.
- The ministry is preparing data-driven and risk-based market monitoring and discussing ways to expand LPG storage, bottling, and distribution capacity.
