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The Delhi High Court on Thursday declined to set aside the Competition Commission of India (CCI) order calling for an investigation into allegations of abuse of dominance levelled against WhatsApp in connection with its privacy policy.   A single bench of Justice Navin Chawla said it...

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TruthInAdvertising.org 22 April 2021
It’s an open secret in the plastics industry that recycling plastic generally doesn’t work. Yet consumers drop plastic products in the recycling bin every day. Why? Because the plastics industry convinced them that they can keep plastic out of landfills.   According to an

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From Thursday until May 15, banks in Uttar Pradesh will be open for customers for only four hours on working days.   The banks will be open from 10 a.m. to 2 p.m.   A decision to this effect was taken in view of the surge in Covid cases at a meeting of the State Level Bankers...

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Subhash Narayan (IANS) 22 April 2021
Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs2 and Rs3 per litre in phases and make up for the losses they incurred by keeping the prices at artificially low levels...

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Moneylife Digital Team 21 April 2021
Liases Foras, a non-broking real estate research and analytics company has  launched a digital product called ‘Property Science’, an automated online comprehensive property valuation and analytics portal. The portal has been designed to help people in their buying and selling decisions and...

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Jubilant Foodworks that owns the master franchise for Domino's Pizza in India on Tuesday said that although it experienced an information security incident, no financial data like credit card details of its users in the country were leaked on the Dark Web.   On Sunday, Alon Gal who is...

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More urban Indians are facing payment app frauds (24 per cent), identity thefts (20 per cent) and payment card frauds (18 per cent) than ever before during the pandemic, a new report said on Tuesday.   Payment-related frauds are the most common forms of breaches suffered by people,...

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The Supreme Court on Monday sought response from Centre and states on a plea seeking permanent ban on all unauthorised production, and companies and individuals carrying out illegal adulterated honey business.   The plea, filed by the Anti-Corruption Council of India Trust, through...

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Moneylife Digital Team 15 April 2021
In a small relief to the common man in a covid-struck difficult year, the penalty for non-maintenance of the minimum balance in a post office savings account has been reduced by half. As per a notification issued by the Ministry of Finance, the fee levied for non-maintenance of minimum...

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As artificial intelligence (Ai) technology gets all-pervasive, the European Union is considering a ban on the use of AI for mass surveillance and social credit scores, among other applications.   The leaked draft proposal, first reported by Politico and is expected to be made official...

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In January, I wrote about how banks have been inflicting untold hardship on ordinary, law-abiding citizens by freezing bank accounts for not updating their KYC (know your customer) documents. This inflicts ‘financial death’ on people by depriving them of access to their own savings. KYC...

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Moneylife Digital Team 12 April 2021
State Bank of India (SBI) has issued a new alert for its customer-depositors about a new fraud taking place under the guise of SBI fixed deposits (FDs).    SBI says it has come across recent reports, where cyber criminals have created online fixed deposits in customers' accounts to...

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Cybercriminals are now using new and advanced techniques to attack mobile-based banking and the geography of attacks has become more diversified and extensive -- especially from a mobile financial malware perspective, a new report said on Sunday.   According to global cybersecurity...

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Maharaja Ranjit Singh is said to have remarked ‘Sab lal ho jayega’, meaning that the British red will cover the entire map of India. He was right – it did.    Now union minister Nitin Gadkari says ‘Sab green ho jayega’ (or words to that effect), meaning that all vehicles will become...

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While people are yet to digest the huge Facebook data leak of 533 million users (including 6.1 million Indians), Microsoft-owned professional networking platform LinkedIn is now facing a massive data leak of 500 million users that is allegedly being sold online.   An archive with data...

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Pramod Kumar Jha (IANS) 08 April 2021
The dizzy rise in the prices of cereals, pulses, vegetables, fruits and several eatables has increased the difficulties of the common man in the middle of a resurgent pandemic.   With the import of edible oil becoming more expensive and diesel prices rising in the country, items of...

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On 6th April, many random people, who have nothing to do with Indiabulls or its ‘Dhani’ lending app, were bombarded with repeated personalised messages reminding them about payments and pending dues. Many people received an unnerving flurry of messages, causing alarm among those who tend to...

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Moneylife Digital Team 07 April 2021
The National Consumer Dispute Redressal Commission (NCDRC) has dismissed a complaint against Vishakhapatnam-based Care Hospital’s Institute of Medical Sciences, and its doctors including a cardiologist Dr GSR Murthy and general physician Dr Swaroopa Rani and held that there was no deficiency...

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Reserve Bank of India (RBI)  Governor Shaktikanta Das on Wednesday put onus on the Centre as well as states to ensure that through coordinated policy measures the cost build-up in the petroleum products does not escalate further.   While seeking a cut in excise and VAT (value added...

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Resurgence of Covid infections along with re-imposition of partial travel restrictions in some major states has triggered a clamour among a section of airlines for reduction of flight capacity.   Accordingly, industry insiders contend that rising cases have severely impacted demand...

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