Toothless Regulator, Hapless Consumers

A litany of complaints from customers from across the country paints a sordid picture of unjust enrichment by telephone companies, finds Achintya Mukerjee

Telecom Regulatory Authority of India (TRAI) has recently listed various steps it has taken to protect consumer interests (see table below). But its “directions” to service providers (SPs) lack teeth. In a circular dated 23rd May 2006 to...

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Allopathy Meets Aromatherapy

Aromatherapy, a term coined by the French chemist René-Maurice Gattefosse in the 1930s, involves plant extracts of select essential oils such as lavender, chamomile and tea tree. These are massaged into the skin, put in baths or inhaled. Although aromatherapy, in the past, has claimed to help relieve stress-related problems such as anxiety, insomnia and even high blood pressure, it has always...

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Zealous Regulator

Alarmed by mutual fund money lying in bank deposits well after the NFOs, SEBI wants to stop the practice. Its assumptions, conclusions and moves are based on dubious facts and logic, finds Debashis Basu

The Securities and Exchange Board of India (SEBI) has allowed mutual funds enough of leeway regarding benchmarks, objectives of a scheme and product design. Many portfolios are structured in a...

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