<Tr> <Th> Date commenced </Th> <Td> 24 December 1986 </Td> </Tr> <Tr> <Td_colspan="2"> Status: In force </Td> </Tr> <P> Consumer Protection Act, 1986 is an Act of the Parliament of India enacted in 1986 to protect the interests of consumers in India . It makes provision for the establishment of consumer councils and other authorities for the settlement of consumers' disputes and for matters connected therewith also . </P> <P> This statute is regarded as the Magna Carta in the field of consumer protection for checking the unfair trade practices and' defect in goods' and' deficiencies in services' as far as India is concerned . It led to the establishment of a widespread network of consumer forums and appellate courts all over India . It has significantly impacted how businesses approach consumer complaints and empowered consumers to a great extent . </P>

What is the objective of consumer protection act 1986
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