PERSONAL FINANCE
Consumer Interest
| 14/6/2013 @ 10:27am
Bank depositors are the single largest block of financial consumers, across all economic strata. Could regulators pay more heed to their problems, such as ever-increasing service charges, hard-sell of non-banking products by banksters, technological glitches and poor redress of their grievances More
Mis-selling Is Inherent to Life Insurance
| 13/6/2013 @ 1:46pm
Insurance companies try and avoid selling a pure term policy as the commissions are very low compared to endowment or a ULIP. They cite income as a key requirement for a term policy while for a ULIP it doesn’t matter from where the money comes from More
CERS exposes misleading T&D charges of Gujarat Urja Vikas
| 30/5/2013 @ 7:05pm
According to the consumer society, Gujarat Urja Vikas Nigam is charging more from consumers by showing additional T&D losses More
Delhi consumer forum fines HSBC for unfair trade practice
| 22/5/2013 @ 3:14pm
“We are totally shocked at the behaviour of HSBC in its commercial dealings with a customer, who once happened to be its own employee,” the New Delhi District Consumer Disputes Redressal Forum said wile giving the order More
Bank depositors should be protected against inflation, demands AIBDA
| 29/4/2013 @ 6:49pm
Besides asking to protect bank depositors from inflation, the Association wants the RBI to extend insurance cover on bank deposits to Rs5 lakh from Rs1 lakh. The question, however, is who will pay the additional money? More
Mastercard, Amex step up data sales to marketers, says ConsumerAffairs.com
| 22/4/2013 @ 12:26pm
Aggregated data from credit card purchases are increasingly being used to target ads, direct marketing, observes ConsumerAffairs.com More
Google launches “inactive account manager” for handing over account to heirs
| 12/4/2013 @ 3:59pm
With the new “inactive account manager”, Google is trying to help deal with digital identities after the account holder's death or if s/he goes missing after a specified period More
Arbitrator fines BSNL Rs5,000 for poor internet services
| 9/4/2013 @ 11:23am
An arbitrator asked BSNL to pay a compensation of Rs5,000 to a consumer for poor internet services More
Consumer forum fines MSEDCL for not attending complaint within four hours
| 3/4/2013 @ 4:45pm
The consumer forum also directed the electricity supplier to recover the compensation from the staff and officials responsible for the harassment of a senior citizen More
LIC Fined Rs1 Lakh for Arbitrary Claim Denial
| 1/4/2013 @ 3:09pm
District Forum observes LIC had not ‘applied its mind’ while denying the claim More
How to get justice from errant service or goods providers?
| 1/4/2013 @ 12:50pm
Redressal of consumer complaints can entail approaching the insurance ombudsman, the consumer courts and even taking help of social media, RTI and police complaints. There are options available today to build pressure on errant service or goods providers so that they do the needful More
Air India asked to pay Rs50,000 to woman passenger
| 29/3/2013 @ 6:12pm
The carrier was directed to pay Rs50,000 as compensation to a woman flier for causing her inconvenience by not loading her luggage in the flight More
United India Assurance Penalised for Frivolous Petition
| 25/3/2013 @ 12:30pm
| 25/3/2013 @ 12:25pm
Indian Airlines Fined for Causing Passenger To Miss Exam
| 25/3/2013 @ 12:24pm
Fanbox spam scam: Don’t fall prey to the earnings mailer
| 20/3/2013 @ 2:21pm
Fanbox tricks people into giving up their email addresses, passwords and cell phone numbers and then spams them relentlessly. Not only that, they spam everyone in the contact list as well More
| 18/3/2013 @ 2:11pm
If Supreme Court, which everyone normally looks upon as the saviour of the common man, has not done justice to the consumers or the consumer movement, where will the consumers go? More
LIC fined Rs1 lakh for denying claim arbitrarily
| 18/3/2013 @ 12:04pm
The New Delhi District Consumer Disputes Redressal Forum observed that LIC had “misdirected itself” by not showing any evidence that the deceased was suffering from asthma prior to availing the policy and had not “applied its mind” while denying his claim More
Consumer rights: Time to think and act ‘jara hatke’?
| 15/3/2013 @ 12:36pm
Why are consumers being taken for a ride while buying goods and services from public, private and government institutions? Why has the Consumer Protection Act failed to usher in the much anticipated consumer revolution? What can we do to bring about real reforms? More
Moneylife Foundation demands scrapping of the move to penalise usage of cheques
| 12/3/2013 @ 4:30pm
Moneylife Foundation, as the voice of 21,500 savers, has sent a memorandum to the RBI, pointing out why this move is premature, ill-conceived, impractical and hugely detrimental to the interests of consumers More
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