CONSUMER INTEREST


IANS 29 October 2020
Improving rural prospects, downtrading in a subdued income environment, and greater preference for personal mobility will support sales of motorcycles in the economy segment (53 per cent of sector volume last fiscal), thereby limiting the slide in overall two-wheeler sales to 15-17 per...

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Moneylife Digital Team 29 October 2020
Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the developer of a project to refund Rs47.46 lakh at 9% pa (per annum) interest to a home-buyer. The developer was also directed to pay Rs20,000 to the home-buyer towards cost of the complaint. Construction of the Kanjurmarg...

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IANS 28 October 2020
The COVID-19 pandemic has brought about a paradigm shift in consumer behaviour and brands would need to adapt to this change by rebooting their businesses and adopting a 'phygital' approach with omni channel presence to capitalise in the new environment, a Deloitte-FICCI Reboot report said on...

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IANS 27 October 2020
In a first, the Haryana Real Estate Regulatory Authority (HRERA) has approved a maximum one per cent brokerage on sale or purchase of property in the state, officials said on Tuesday.   Taking cognisance of the complaints that property dealers were charging arbitrary commission both...

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IANS 27 October 2020
The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of difference between interest on loans of up to Rs 2 crore in a bid to provide amid the pandemic.   In a notification, RBI said: "All lending institutions are advised to be guided by the...

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Moneylife Digital Team 26 October 2020
Ex-gratia payment of interest-on-interest by banks and non-banking finance companies (NBFCs) for the moratorium period between 1st March and 31 August 2020 would aggregate about  Rs7,500 crore benefit for eligible borrowers—with the tab being picked up by the government, says a research...

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Subhash Narayan (IANS) 26 October 2020
The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel.   Sources indicated that another Rs 3-6 per litre increase in excise duty on petrol and diesel may come soon if the...

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As a society, we are so obsessed with the utility of giving cheap loans as the primary means by which banks can be of help in economic growth and social transformation.  And then we simply fail to see the much lower hanging fruit of enabling safe, convenient, and cost-effective deposit...

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Moneylife Digital Team 24 October 2020
The Indian government has decided to waive interest on interest on loans up to Rs2 crore during the six-month moratorium period. The categories of loans up to Rs2 crore include the medium, small and micro enterprises (MSME) loans, education loans, housing loans, consumer durable loans, credit...

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IANS 24 October 2020
Fed up with builders not completing projects on time, The Haryana Real Estate Regulatory Authority (HRERA) on Friday decided that the builders who delay their ongoing projects will be blacklisted and debarred from future projects.   The authority has issued a notice to Empire Realtech...

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Moneylife Digital Team 23 October 2020
The coronavirus (COVID-19) pandemic has delayed penetration of electric vehicles (EVs) in the Indian automobile industry. While low affordability and the government’s priorities on reviving the otherwise suffering auto industry could shift the focus away from EVs in the interim, passenger...

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IANS 22 October 2020
The Supreme Court has said that a contract of insurance is of utmost good faith and a proposer who is keen to obtain a policy of life insurance is duty-bound to disclose all material facts.   A bench comprising Justices D. Y. Chandrachud, Indu Malhotra and Indira Banerjee said: "A...

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IANS 21 October 2020
The Supreme Court has agreed to hear an appeal, challenging a verdict of National Consumer Disputes Redressal Commission (NCDRC), which raised the question, whether an educational institution or university can be sued for deficiency in services under the consumer protection law.   A...

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IANS 21 October 2020
Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel this festive season.   Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several...

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Moneylife Digital Team 16 October 2020
MahaRERA has awarded Rs one lakh as compensation to a homebuyer for delayed possession and mental harassment. The developer Niraj Kakad Constructions will have to pay this penalty to the homebuyer for mental harassment and not being able to deliver possession for over six years after payment...

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IANS 16 October 2020
The upcoming festive season comes with a hope for the retailers as they have been severely hit by the pandemic. A survey by the Retailers Association of India (RAI) and LitmusWorld shows that around 80 per cent Indian consumers are looking forward to buy products during the upcoming festive...

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Most manufacturers and service providers have email IDs where customers can send in their complaints regarding unsatisfactory products or services.   Write to them, and you promptly get a response with a PR spiel, saying “Thank you for writing to us. We are looking into your grievance...

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Shrirang V Samant 14 October 2020
This part touches on the government schemes and why they are unlikely to accomplish what they are meant to achieve. The article then sets out some imperatives and suggests workable solutions.   The most invidious part of this entire story is that, somehow, the government has ceded the...

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IANS 14 October 2020
Heralding a 5G era for its iPhones, Apple on Tuesday introduced a new lineup of four iPhone 12 smartphones that are expected to log even bigger sales than the iPhone 11 family last year despite a delayed launch.   Apple launched iPhone 12, 12 Mini, 12 Pro and 12 Pro Max models. The...

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Shrirang V Samant 13 October 2020
This article is in two parts; the first part sets the context for the issues and solutions that are proposed in the second part   The current epidemic has fully exposed the system failures that have gone unchallenged over the past couple of decades. The result is that today the public...

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