Making Of A King

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

Consumer protection has been a concern of every administration but analysts say that Sri Lankan consumers are far from being kings.
A new Act is trying to put the consumer on top, suing professionals and traders in the process. But analysts warn that over-regulation may put off the private sector and worse still, potential foreign investors.rn

rnBusiness at the grocers will not be the same any more.

Consumers can now fall back on a powerful piece of legislation designed to protect their rights.rn

rnConsumers can now complain to the State if they are not satisfied with the goods or services.

Traders could face a fine or even a jail term if found guilty.rn

rnSomething that wasnt possible until recently.rn

rnldblquote The Consumer Protection Act has been brought in to give the consumer a legal standing to the consumer who to date did not have a legal recourse if there has been exploitation,
dblquote says Ravi Karunanayaka, Consumer Affairs Minister.rn

rnldblquote He did have the Fair Tradi