Diesel, domestic LPG and kerosene rates, have not been revised since June last year and under current circumstances it does not look feasible for the UPA government to increase prices
According to the CAG report, consumers are exposed to the risk of buying impure gold jewellery due to inadequate coverage of Indian jewellers and goldsmiths as the hallmarking is not mandatory
New Delhi: To protect consumers from unscrupulous jewellers, the Comptroller and Auditor General (CAG) has advised the government to enforce compulsory hallmarking of gold jewellery, reports PTI.
Hallmarking of gold, which is voluntary at present, is a purity certification of the precious metal. The Bureau of Indian Standards (BIS), under the Consumer Affairs Ministry, is the administrative authority of hallmarking.
"The Consumer Affairs Ministry and BIS may consider hallmarking of gold jewellery under mandatory certification so as to safeguard the interst of the consumers," CAG said in a report tabled in Parliament on Thursday.
Consumers were exposed to the risk of buying impure gold jewellery due to inadequate coverage of Indian jewellers and goldsmiths under the BIS's volunatary hallmarking scheme as the hallmarking was not made mandatory, it noted a report.
It also said BIS Act had not been amended to cover hallmarking under mandatory certification.
Noting that the reply of the BIS is not acceptable that the jurisdication to amend the Act for making gold hallmarking mandatory rested with the Consumer Affairs Ministry, it said, "Since it (BIS) is the national standard body of the country and is mandated to provide quality assurance to the consumers, whether the concerned standard is made mandatory or not."
In early January, the Cabinet had approved the BIS (Amendment) Bill that aims to expand the ambit of mandatory hallmarking to include more products, including gold. The Bill has not yet been introduced in Parliament.
With the launch of “Policy on the go” by Cholamandalam MS, car insurance has virtually landed on your palm, without you having to forage for it
“Policy on the go”, is a mobile application that you can download on your mobile and get instant quotes generated once you input all the factors asked for. The e-policy will be issued to you online as soon as the cheque gets realised and the documents and on-ground verification is in place.
The launch will necessarily reduce the time taken to get policies issued. You can do it on your own without the involvement of any sales agent. Besides, sales agents can also use the technology to help you get policies instantly. It reduces paper work as well as the other hassles and errors associated to it.
Almost all the other companies do offer online insurance plans for vehicles. Other websites also offer a comparison of policies that are most suitable to you on basis of what factors you input that govern your choice. But Cholamandalam MS is the first company to have gone a step further for ease of access by introducing the mobile application.
Online policies are different from the offline ones in the sense of the process by which the application is generated. Once the application gets confirmed, the process of verification of documents is initiated and a personal verification of the vehicle by the surveyors takes place. Once that is completed, the e-policy gets issued to you and gets delivered into your mail box, followed by the hard copy which could take anything between five to 10 days to get issued. The electronic copy is a valid proof of the policy, in case an event takes place before the hard copy gets issued, since it is digitally signed by the issuer.
The other good thing is, since it reduces the time and the resources required to complete the process, it reduces the costs for the company and the benefit might be passed on to the consumer. For that, we will have to wait and watch.