Spending
Get the best of online shopping: Here are the survey results

Read Get the best of online shopping for the holiday season, our cover story to understand about marketplace sites, how return & replacement works along with its fine prints and especially to be aware of online fraud. Don’t miss the dos and don’ts to ensure happy online shopping experience.
 

Moneylife survey had 1,074 savvy respondents willing to share post-Diwali shopping experiences. Of all respondents surveyed, 95% of them gave a 50%+ positive rating to their online shopping experience (chart-5). This confidence probably stems from the fact that e-shoppers are a fairly savvy lot; as many as 72% of them check the credibility of e-commerce sites before shopping, so it is safe to assume that the largest number of complaints come from the 20% who don’t check or the 7.5% who aren’t even sure whether they have checked for credibility (chart-4). Out of 1,074 respondents, 90% of survey respondents will make online purchases in future (chart-6).
 

The highest responses to Moneylife were from Mumbai (35%) followed by Bengaluru (12%), Delhi (10%) and Pune (7%) as the next three cities that generated significant responses. Books topped the list of online purchases. Our survey showed that electronic items (mainly mobiles) and clothes were next on the list, followed by shoes. Ironically, clothes and electronic items topped the list of products that respondents say they will not buy online. According to our respondents, other products not purchased online are jewellery, food items and furniture.
 



People are not in favour of online shopping for items that need touch and feel as well as perishable items. Of the 92 respondents who said they do not shop online, 33% said they do not use online shopping because they don’t trust it and 46% need to ‘touch and feel’ a product they buy (chart-2). The two biggest factors for online shopping are: ease and convenience of shopping and price comparison (87%) and discount (62%) (chart-3).

So, which are the most popular online sites? Moneylife’s survey showed that Flipkart is far ahead of the competition for best deals and smooth transactions. Amazon comes next. eBay, Snapdeal and Myntra were others that topped the popularity list. Our respondents vote Flipkart as having the best return & exchange policy followed by eBay, Snapdeal, Amazon and Myntra.
 

eBay and Snapdeal figure among the top five for positive experiences as well as negative feedback. These two sites are also high on best deals as well as best return & exchange policy. Indiatimes and Rediff rate high on negative experience of consumers.
 

As many as 39% of respondents to Moneylife’s survey said they had encountered some problems with their online purchases. Of these, 31% said the product was not delivered after payment; this makes COD a better option. Around 46% of these said that the product sent to them was different from what was shown on the site and 33% had received a damaged piece. 39% had a harrowing experience for return & exchange (chart-7).

User

COMMENTS

DHRITIMAN DAS

3 years ago

For Guwahati, Homeshop18 dont have reverse pickup. So if there is an issue of return of product. they go to the extent of asking a 80 years old person to self courier it them. by spending money with courier company. And only than they will take the necessary step to consider for exchange the product. Worst service from their call centre also. after explaining the matter for one and half hour to the managers and everyone. Still they are adamant to not understand the matter. Considering the age of the person, which is 80 years. Would not he himself buy it from shop ,instead of online ordering bedsheets. Without any considerate behaviour from homeshop18. Worst service in Guwahati for sure.

Raj Amesh

3 years ago

Personally, I buy almost everything online, mostly tech or electronics, of course the risk of scams is real it can be exhausting as well, but with some good sense and patience, you can get great deals online. To manage better my purchases, I'm also using a new web app, unioncy.com, helpful for tracking warranties and receipts and storing all the documentation in the cloud. A good way to go paperless and stop worrying about lost receipts or expired warranties again.

India: November PMI suggests rising output, easing price pressures

HSBC PMI for India rose to 51.3 in November from 49.6 in October led by a pickup in output and new orders

India
’s manufacturing purchasing manager index (PMI) rose to 51.3 in November from 49.6 in October, above the expansion/ contraction threshold of 50 and led by a pickup in output and new orders.

 

HSBC India has said that companies have raised their production level for the first time in the last seven months, which resulted in PMI to climb to above 50 level in November.

 

Leif Eskesen, chief economist for India and Asia at HSBC said, “Manufacturing activity picked up led by a rise in new domestic orders, which helped pull up output growth. Encouragingly, input and output price inflation eased, which, if sustained, could imply that the RBI is getting closer to the end of its tightening cycle, although it may still need to notch rates up a bit further.”

 

HSBC India PMI is a composite index depicting operating conditions in the manufacturing sector. It rose to 51.3 in November from 49.6 in October.

 

For the first time after July, the index is above 50. This also shows that output has increased so as new orders, while there is modest growth of input buying.

 

The output index jumped to 51.5, its first reading above 50 in the last seven months, up from 48.6 in October and led by the consumer goods sector.

 

New orders rose to 51.9 in November from 48.9 in October, its first reading above 50 in the last six months, led by the consumer goods sector likely because of the good summer harvest. However, export orders eased to 50.6 from 52.3 in October, which indicates marginal slack in external demand.

 

Firms de-stocked finished goods inventories to meet demand, as power outages constrained operations. As a result, the new orders-to-inventory ratio rose to 1.03 in November from 0.94 in October, which suggests scope for manufacturing output to increase further if the improvement in the demand outlook continues.

 

On inflation, the input price index dropped sharply to 58.0 in November from 64.5 in October, reversing the steep uptrend of the previous five months and likely reflecting rupee appreciation over the last three months. Likewise, the output price index eased to 51.9 from 55.3, which suggests that firms responded to the decline in input costs. As the input price index fell more than the output price index, the ratio of output to input prices – a proxy for margins – improved this month.

User

Sonia Gandhi worth $2 billion, claims Huffington Post

According to Huffington Post, the Congress party chief is on 12th position among world's richest leaders with a wealth of $2 billion

HuffPost World has compiled a list of the 20 richest world leaders currently in power based on available data. The list led by Russian president Vladimir Putin (estimated to be worth $40 billion) also features Congress president and United Progress Alliance (UPA) chairperson Sonia Gandhi. She is at 12th position and worth $2 billion on the list of world's richest leaders.

 

"The roster includes a mixture of kings, presidents, sultans and queens. Most are male (as the world's political leaders tend to be, too). They skew to the Middle East, with seven of the 20 leaders originating from that region, and their wealth generally comes from family connections, profitable investments and in some cases, corrupt rule. Unsurprisingly, many of their country's citizens lead much, much humbler lives," the report says.

 

Here is the list of world's richest leader compiled by Huffington Post...
 

SrN

Name of the leader/Country

Estimated Wealth

1

Vladimir Putin, President of Russia

Worth: $40 Billion

2

Bhumibol Adulyadej, King of Thailand

Worth: $30 Billion

3

Hassanal Bolkiah, Sultan of Brunei      

Worth: $20 Billion

4

Abdullah bin Abdul Aziz Al Saud, King of Saudi Arabia

Worth: $18 Billion

5

Khalifa bin Zayed Al Nahyan, President of the UAE   

Worth: $15 Billion

6

Mohammed bin Rashid Al Maktoum, Emir of Dubai

Worth: $14 Billion

7

Kim Jong-un, Supreme Leader of North Korea

Worth: $5 Billion

8

Hans-Adam II, Prince of Liechstenstein

Worth: $5 Billion

9

Mohammed VI, King of Morocco

Worth: $2.5 Billion

10

Sebastian Pinera, President of Chile

Worth: $2.5 Billion

11

Hamad bin Khalifa Al Thani, Emir of Qatar

Worth: $2 Billion

12

Sonia Gandhi, President of India's INC

Worth: $2 Billion

13

Albert II, Prince of Monaco

Worth: $1 Billion

14

Qaboos bin Said, Sultan of Oman

Worth: $700 Million

15

Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea

Worth: $600 Million

16

Bashar Al-Assad, President of Syria

Worth: $550 Million

17

Ilham Aliyev, President of Azerbaijan

Worth: $500 Million

18

Elizabeth II, Queen of England

Worth: $400 to 500 Mln

19

Sabah IV Al-Ahmad Al-Jaber Al-Sabah, Sheikh of Kuwait

Worth: $400 Million

20

Mswati III, King of Swaziland

Worth: $100 Million

 

Courtesy: huffingtonpost.com

User

COMMENTS

Vinay Joshi

3 years ago

Hello Ms.Sucheta,

Update facts in MLDT post as under asap!

After declaring Congress President Sonia Gandhi the 12th richest leader in the world three days ago, the Huffington Post has deleted her name from the list with rejoinder.
The Huffington Post report now carries a footnote at the bottom of the article stating, "Sonia Gandhi and the former emir of Qatar Hamid bin Khalifa al-Thani have been removed from this list. Gandhi was originally included based on a listing on a third party site which was subsequently called into question. Our editors have been unable to verify the amount, removed the link, and regret any confusion."

According to the list Sonia Gandhi was the 12th richest world leader. Huffington Post has compiled a list of 20 richest world leaders currently in power.

Huffington Post deletes Sonia from the richest world leaders' list
According to the earlier list Sonia Gandhi was the 12th richest world leader and had assets worth $2 billion.

According the list, Sonia Gandhi was worth $2 billion (approximately Rs 12,000 crore). However the survey did not specify any methodology or source of information.
It claimed that the HuffPost World had compiled the list based on available data.
The Congress had reacted angrily to the list and had rubbished the report saying that it is an attempt to malign the image of Sonia Gandhi, who actually leads a simple life.

The report had placed Sonia Gandhi as richer than Elizabeth II, the Queen of England and Bashar Al-Assad, President of Syria.
Sonia Gandhi's affidavit on assets:

In 2009 while filing her nomination for the Lok Sabha election, Sonia Gandhi, stated that she owns neither a car nor a house in India but she has an ancestral home in Italy valued at Rs 18.02 lakh.

Sonia Gandhi's assets, according to the affidavit, totalled Rs 1.38 crore, nearly Rs 1 crore less than what her son Rahul Gandhi reportedly has.
Her affidavit said that she had Rs 75, 000 in cash and Rs 28.61 lakh in bank deposits.
In addition she had mutual funds worth about Rs 20 lakh and Rs 12 lakh in Reserve Bank of India bonds.

A sum of Rs 1,99,000 was deposited in post offices and Rs 24.88 lakh with the Public Provident Fund.
Sonia Gandhi's jewellery, weighing about 2.5 kg, was valued at Rs 11 lakh while 88 kg of silver possessed by her was stated to be worth about Rs 18 lakh.

She owns two plots of agricultural land totalling up to about 15 bighas and valued at Rs 2,19,000. Their location is not mentioned in the affidavit.
Sonia Gandhi paid Rs 5,58,000 in income tax for the assessment year 2008-09 and Rs 32,512 in wealth tax.

But a report in one of the top websites in the world claimed the Congress President has assest worth $2 billion.

However, the report did not clearly state how it has arrived at the comparisons and monetary values of the leaders.

The list caused a lot of embarrassment for many world leaders.

Huffington Post list of the top 20 richest world leaders (Revised):

1. Vladimir Putin, President of Russia - $40 billion

2. Bhumibol Adulyadej, King of Thailand - $30 billion

3. Hassanal Bolkiah, Sultan of Brunei - $20 billion

4. Abdullah bin Abdul Aziz Al Saud, King of Saudi Arabia - $18 billion

5. Khalifa bin Zayed Al Nahyan, President of the UAE - $15 billion

6. Mohammed bin Rashid Al Maktoum, Emir of Dubai - $14 billion

7. Kim Jong-un, Supreme Leader of North Korea - $5 billion

8. Hans-Adam II, Prince of Liechstenstein - $5 billion

9. Mohammed VI, King of Morocco - $2.5 billion

10. Sebastian Pinera, President of Chile - $2.5 billion

13. Albert II, Prince of Monaco - $1 billion

14. Qaboos bin Said, Sultan of Oman - $700 million

15. Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea - $600 million

16. Bashar Al-Assad, President of Syria - $550 million

17. Ilham Aliyev, President of Azerbaijan - $500 million

18. Elizabeth II, Queen of England - $500 million

19. Sabah IV Al-Ahmad Al-Jaber Al-Sabah, Sheikh of Kuwait - $400 million

20. Mswati III, King of Swaziland - $100 million

Regards,

REPLY

Vinay Joshi

In Reply to Vinay Joshi 3 years ago

Hello Ms.Sucheta,

A separate communication of this post by me is sent to your personal mail, vide my e.mail.

Regards,

nagesh kini

3 years ago

How come the former Pak President Zardari who was nicknamed "Mr.10%" missing?

shadi katyal

3 years ago


the list only gives names of the rulers of various parts of the World. Where and how such figures were given is a guess.

MOHAN

3 years ago

This is only individual data. What will be the combined family wealth (excluding Vadra)? If Vadra is also included the figure will be "2G"!!

REPLY

shadi katyal

In Reply to MOHAN 3 years ago

The list if that of the people in power and not of the families. Beside Vedera is not part of Gandhi but of his own family.

nagesh kini

In Reply to shadi katyal 3 years ago

Shadi - You're cutting it too fine.
In the Adarsh scam the then Maharashtra CM claimed that his wife's mother and sister weren't his 'relations'.Though his wife hailed from the same clan!!

shadi katyal

In Reply to nagesh kini 3 years ago

It is evident that publication did not carry the whole family. What Maharashtra CM has to say is correct because does they file any taxes, if any, as a joint family. Legally he is correct when it comes to joint family system

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