Consumer Welfare Fund

Section 57

The Government shall constitute a Fund, to be called the Consumer Welfare Fund and there shall be credited to the Fund,

• (a) the amount referred to in sub-section (5) of section 54;

• (b) any income from investment of the amount credited to the Fund; and

• (c) such other monies received by it, in such manner as may be prescribed.

AI Explanation

The government will set up a fund called the Consumer Welfare Fund. This fund will receive money in three ways:

1. Amount from Section 54(5):

• The fund will get money mentioned in section 54(5).

2. Income from Investments:

• Any money earned from investing the amount in the fund will also go into the Consumer Welfare Fund.

3. Other Monies:

• The fund will receive other money in a way that the government outlines. This could include various sources of income.

These steps help make sure the Consumer Welfare Fund has enough resources to support consumer well-being.