Chidambaram is asking people not to buy gold. This sermon looks ironical, because over the past 10 years, it’s the ministry of finance and various financial regulators that have ensured that savers lose money by investing in various financial products
The government has been grappling with the problem of massive gold imports as it 
pushes up current account deficit and makes the rupee weaker. On Thursday P Chidambaram, the Finance Minister, in an open appeal to the public in a televised press conference, said, “Please resist the temptation to buy gold.” As the Prime Minister will be reviewing the economic situation today, the Finance Minister spoke to the press just before the Cabinet Meeting in the morning for about 45 minutes.
India does not produce gold. It imports gold by paying in US dollars for retail purchases in rupees by Indians. The public has been buying gold in massive quantities because of widely held belief that gold is a safe investment whose value goes up. That apart the real reason why people buy gold is because of poor options to put their money. However, the FM sought to debunk both the notions. He argued that gold is not the best of investments whereas those who are well-informed of financial products do not buy gold.
The trouble is that the FM is brushing major problems that savers have with other financial products. Bank savings accounts and fixed deposits are the commonest options
for intelligent savers, but there are hindrances in Know-Your-Customer rules’ implementation by the banks at entry level. By the time the saver learns a little more, the quality of customer service leaves much to be desired. In the case of longer-term savers, insurance and mutual funds are options but the problem is that there has been rampant mis-selling, especially in Unit-linked Insurance Plans. For the knowledgeable savers, mutual funds may appear to be a good option. But a large number of funds have failed their investors by giving poor returns. That apart, mutual funds offer a large number of irrelevant products and have not been able to communicate that stocks, and therefore equity funds, work only over the really long term. And now, as Moneylife has repeatedly highlighted, banks have been mis-selling financial products blatantly, abusing the trust of its customers.
In all almost all the product categories, the regulators have made a complete mess by not creating regulations centred on savers’ interests. With such major hurdles in investing in various financial products and disincentives in the regular savings options, savers in the poor or lower middle class category have been pushed to chain-money schemes, chit funds, pyramid schemes and the like, leading to capital erosion, when these scheme inevitably go bankrupt. What the FM either does not know or does not want to know is people are buying gold not just as a matter of choice but because they are unable to trust anyone.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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https://indianbrand.online/
I have paid money online through upi which is around 1000..
I have got confirmation mail for registration and for placed order. .
But I haven't got anything till now.
I think it's fake...I have dropped 3 mails..they haven't replied..there is no customer care number on website.
Please help me
So plz help me.
I requested u to take action about it.
Order no. 103814
Merchant ref.: 569748
AWB NO. 551516858
He took da order n I transferred him 3650/- through google pay....
Now he's neither receiving my call nor responding to my msgs....
I hv da booking date n transaction as proof..... So Wat do i do nw
Regards,
Neha jaluka
I have ordered one piece of DOMINO DM 360 Smart Watch Phone, Color: Red , Model 544351 vide order No. 116349 dated 9 Apr 2018, 3:33 AM, total amounting of Rs 3772/-, but today (13.04.2018) I received the different watch which have no label and poor quality watch from Infrill.com (Prestige group as mentioned in their website). They have not provided any contact number and Address too. So you are requested to help me in this concern. Thanks & Rgds,
Mahendra Patel,
Mo No:- 90098-39100
email :[email protected]
they leave no phone or email id anywhere not even their address its a cheap source they promote through facebook and scam us they deliver and when we request a refund back they dont provide us as its a Individual small firm run through some scammers the website is infrill.com they give china watches which is under 500rs and they sell at 3000/-rs because they show something different on website because they are big fishes theives on earth
better u whatsapp me at +919920974825 and we make a good connection to screw this people off the Internet
and i know how to catch their neck as the packet which i received shows
SAFFRON DIGITAL on the package i received its written if Undelivered Please Return to SAFFRON DIGITAL
so we can search them along through this
http://termexpressltd.com/tracking.php go for websites tracking the pod bl2880035in
Stalk Buy Love Company,Chennai,Tamil nadu,India
Location: Chennai,Tamil nadu,India
Nidhi Singh on 22-09-17
Refund
I had purchased a dress worth rupees 689 from online shopping site ie (Stalk Buy Love)
The dress was quite small for me.And it was very tight for me.So I registered for Refund for the product. The company delivery man took back the product (dress) from me. I called the customer services many times regarding the refund but no good response.I mailed them my bank details. It is 10 days and yet I did not recieve my refund.
They are not providing any proper service.
Please help.
Product details:
My order no : 100852442
Rs.689/-
NIDHI SINGH.
Hance I had received a parcel having pair of shoes Rs 299/- I had given Rs 3599/-as per telephonic talk, I have photographs during reciving time in postoffice what to do regarding this matter.
Thanking you
Shame shame buzz holidays I won't spare you
You all people betrayed me.that bloody Utkarsh
From your company has fooled me he promised me
An offer given below he said I will be getting
These any 1 gift henceforth I paid my 10,500₹
I choosed 1plus1 '3' mobile on 17th may 2016.
He said I will be getting my parcel in 4 working days
Today I got the parcel which contained a duplicate
American tourister school bag ONLY ,
You think I am a fool? Today on 14th June after
28days I followed everyday but his office mobile
'078350 77717' this number when called states
This number does not exists . Is this the way?
Then at last there was a landline number given
0120-6999903 the only one number of this company which is active there I spoke to miss
'MAHI' she was the only one lady who often guided me when called ask her and you all have my mail records I use to ask everyday for my parcel
I was given 3 tracking number till date
1)1322338252
Was fed up the parcel wasn't showing
When I called your courier provider
Trackon courier the landline number
02065330025/26/27,
They asked me the content I told them it's a mobile
They said I wouldn't get it because mobile is not
Allowed in courier.
As this parcel dint reached me .
Status of AWB No 1322338252 Not Updated
FROMTOMAN. No.DATETIMENOIDA HUB DELHI H.O.-01145593500 V1002053 22/05/201721:09DELHI APO. HUB PUNE HUB-02065330025 BN4834886 23/05/201703:49
Then I had provided another docket number by
Miss "mahi".
2)1325886122
When tracked it showed of Bombay was again fed up
When spoke to the courier provider 02226865303
The lady told me plz check the docket number
It's not yours fine again mistake done from your side
How can such a big company according to your
View can do such a big mistake ?
When again I spoke to pune Trackon courier services
They asked for the content again I truly said it's a mobile
Same answer I got in disrespectful manner ok fine
Still kept quiet .
Status of AWB No 1325886122 DELIVERED 30 May 2017 - SIGNATURE
Show Image
FROM TO MAN. No. DATE TIME
NOIDA HUB DELHI AIRPORT HUB-01125674928 V1002047 29/05/2017 21:58
DELHI APO. HUB MUMBAI HUB-02228510056 BN4841118 30/05/2017 01:31
MUMBAI HUB GOREGAON ,EAST-02226865303 BN6397793 30/05/2017 13:51
GOREGAON (EAST) HUB OUT FOR DELIVERY
then again miss 'mahi' provided me a new number
3) 1325886177
Status of AWB No 1325886177 Not Updated
FROM TO MAN. No. DATE TIME
NOIDA HUB DELHI H.O.-01145593500 V1120519 10/06/2017 21:15
DELHI H.O. DELHI AIRPORT HUB-01141046250 V2324874 11/06/2017 02:28
DELHI APO. HUB PUNE HUB-02065330025 BN5494087 11/06/2017 04:05
PUNE HUB NAGER ROAD-08237081239 BN5185657 12/06/2017 10:30
NAGER ROAD OUT FOR DELIVERY 806000004213 13/06/2017 15:14
Now when I spoke to a person 08237081239 was to rude to speak he wantedly asked me the parcel content as I told him mobile he said forget
The parcel and kept the phone now sir you tell me what I have to do ?
Sir/madam I know it's not your fault I apologise if any of my statement hurted you,
Hence I am intimating you that should I launch a police complaint under
ICRPC Unfair Trade Practices under Section 2 (1) (r) of the Consumer Protection Act.
Plz contact me asap 9028911313 and plz reply
I want to know who's mistake is it is :-
1) is buzz holidays is fake In promise.
OR
2) Trackon Courier's are thieves.