CONSUMER INTEREST


Moneylife Digital Team 26 March 2021
While banks and other financial institutions offer nomination facility for customers, there is no provision for successive nomination like what the insurance companies provide. Looking at the changing circumstances, the Reserve Bank of India (RBI) needs to take a proactive step and introduce...

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Moneylife Digital Team 25 March 2021
While online or digital payments have been on a rise especially after the spread of the COVID19 pandemic in India, it is observed that these frauds are taking place through social engineering techniques like vishing and phishing, says the government. During FY2019-20, banks have reported...

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The central government on Friday urged the Delhi High Court to restrain WhatsApp from implementing its new privacy policy.   "It is humbly prayed that the Respondent No. 2 [WhatsApp] may be restrained from implementing its new privacy policy and terms of service dated 04.01.2021 from...

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Moneylife Digital Team 18 March 2021
"Within one year all physical toll booths in the country will be removed and toll will be collected based on global positioning system (GPS) imaging," says Nitin Gadkari, Union minister for road transport and highways.   Responding to a question on FASTag and toll collection, the...

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Moneylife Digital Team 18 March 2021
The Bombay High Court (HC) on Thursday directed the Comptroller & Auditor General (CAG) to submit a detailed affidavit on toll recovery on Mumbai Pune Expressway after probing issues raised in the public interest litigation (PIL) and affidavit submitted by Maharashtra State Road Development...

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In what could put smartphone users at a new privacy and security risk, text-messaging management services are now being misused for as little as Rs 1,160 (nearly $16) to covertly redirect text messages from users to hackers, giving cybercriminals access to two-factor codes/login...

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Twenty-two per cent of all complaints received from the consumers in the country are related to the e-commerce platforms, Leena Nandan, Secretary, Department of Consumer Affairs, said on Monday.   In an interaction with reporters on the occasion of World Consumer Rights Day, Nandan...

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Moneylife Digital Team 15 March 2021
Suspicious messages asking users to submit a refund application for the disbursement of income tax (I-T) refund have been doing the rounds, with a link that directs users to a webpage looking like the I-T e-filing web page. An investigation by CyberPeace Foundation along with Autobot Infosec...

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Forty-nine per cent Indian consumers say online sites and apps became the preferred mode of shopping for them in the last 12 months, as per a Local Circles survey.   Safety from Covid-19 and convenience were cited as top reasons by consumers for using ecommerce. 69 per cent of those...

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Bhamy V Shenoy 15 March 2021
We, in India, celebrate two consumer days – the national consumer day on 24th December to commemorate the date on which the Consumer Protection Act came into force to promote consumer rights and responsibilities in 1986, and the world consumer rights day (WCRD) on 15th March on which the US...

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Assembly elections in four states and one union territory starting later this month may spare consumers from any major increase in petrol and diesel prices for the next few weeks.   Sources indicated that with fuel price rise becoming an election issue, the Centre would not like to...

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The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.   At the current historic high fuel price levels in the...

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Several users of the State Bank of India (SBI) have been targeted with a phishing scam where hackers have flooded them with suspicious text messages, requesting them to redeem their SBI credit points worth Rs 9,870.   The link associated with the text messages redirects the user to a...

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IANS 25 February 2021
Days after the Congress accused the government of "hiking rail fares", the Indian Railways on Wednesday said that it was levying slightly higher fares for short distance passenger trains only to discourage people from travel which is not most necessary.   In a statement, a Railway...

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IANS 22 February 2021
If you don't agree to WhatsApp's new privacy policy update, you will be able to receive calls and notifications, but will not be able to read or send messages from the app, says a report.   In an email to one of its merchant partners, reviewed by TechCrunch, Facebook-owned WhatsApp...

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IANS 22 February 2021
As petrol and diesel prices soar to record high levels, and petrol nearing the Rs 100 mark across metro cities, around 51 per cent Indians are cutting on their other expenses to manage their spending on fuel prices, showed a survey by LocalCircles.   Around 21 per cent of the...

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IANS 19 February 2021
A website that goes by the name of 'Pradhan Mantri Yojana Loan' and was earlier linked to a Google Play Store app with the same name (the app has now been removed) is luring Indians in providing loans, in exchange for personal identifiable information that can potentially be misused online,...

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Archana Sharma (IANS) 18 February 2021
Continuing its northbound trend in Rajasthan, the price of non-premium petrol crossed the Rs 100-mark for the first time in Sriganganagar district on Wednesday to reach Rs100.13 per litre, while diesel price stood at Rs92.12 a litre.   Despite the recent reduction in VAT by 2% by the...

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Yogesh Sapkale Yogesh Sapkale 18 February 2021
Taking advantage of increased Zoom use and people's fear of intimate moments being exposed, scamsters are using a new extortion method called sextortion. Researchers at Avast claim that they have blocked over 500,000 such attacks, where users were threatened by scammers with a threat to make...

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Moneylife Digital Team 18 February 2021
The Bombay High Court has asked the Maharashtra State Road Development Corporation (MSRDC) how long it would continue to collect toll from commuters on the Mumbai-Pune Expressway, now called the Yashwantrao Chavan Expressway.    Hearing a public interest litigation (PIL) petition...

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