Real Estate : Chandigarh Consumer Court Fines Builders
AChandigarh consumer court has asked real estate firm Unitech to pay a compensation of Rs1 lakh along with refund of Rs13 lakh for taking money in advance from a consumer, despite not having the requisite permission for a project. Unitech has also been asked to pay Rs10,000 as cost of litigation to the complainants. 
 
In another case, the Chandigarh District Consumer Disputes Redressal Forum directed a real estate company, UK Homes, to pay Rs39.57 lakh to five people for not allotting plots to them in a housing project, after collecting the booking payment in the range of Rs3 lakh to Rs11 lakh from each of them. The Forum ordered the company to refund the amount of Rs37 lakh, Rs50,000 to each complainant for causing mental harassment, and Rs7,000 as cost of litigation.

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Online Payments : Service Charges on Digital Payments Withdrawn

The Union Cabinet has approved a proposal to withdraw the surcharge/service charge or convenience fee on digital payments. The directive will apply to all kinds of digital payments like credit/debit cards, pre-paid cards, mobile payments or mobile wallet payments for any government service.Many retail stores and merchants charge an additional surcharge in case of non-cash payments. 

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Banking : India Post To Allow Bank Customers To Use Its ATMs

India Post has received a licence for starting a payments bank. It will send a proposal to the Reserve Bank of India (RBI) to allow ATMs of India Post to work on the platforms of all other banks. Currently, about 600 ATMs have been installed across the country; the target is to take this number to 1,000 by end-March 2016 and 10,000 in the next couple of years. Also, 20,000 micro-ATMs will be set up in the same period. 

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