CONSUMER INTEREST


Moneylife Digital Team 18 January 2021
Cyber Dost, a twitter account managed by the union ministry of home affairs, has warned people about a new scam that informs on adding a nominee to their bank account. “Beware of such spoofed information. Such messages may be trick of cyber criminals to defraud you. Always verify from your...

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TruthInAdvertising.org 18 January 2021
From fairwashing to fragrance, consumers have plenty to watch out for in 2021.   Consumers have a lot to watch out for in terms of deceptive advertising trends in 2021. Here are five TINA.org will be keeping an eye on in the new year. (Not included on the list – but definitely...

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This is a very complex question, not only because it straddles an entire lifetime, but also because it has strong overtones of emotion, security and comfort which affect different people differently. Let me try to highlight some of the main factors for two groups of people – the newbie...

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Maya M 14 January 2021
The new Model Tenancy Act 2020, which is currently under discussions at the Centre, aims to bridge the trust deficit between tenants and landlords by clearly delineating the obligations of tenants and landlords. The draft Act seeks to ensure speedy redressal of disputes by proposing to...

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Moneylife Digital Team 14 January 2021
Maharashtra Real Estate Regulatory Authority (MahaRERA) recently passed an order directing a developer to pay interest since September 2006 (when the project ought to have been completed) on the total amount paid by a home-buyer for a flat in a high-rise at Kurla for failure to mention the...

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Moneylife Digital Team 14 January 2021
After the sterling groundwork of Telangana police, officials from across India are arresting app-based lenders, often linked to Chinese companies. Their ruthless recovery tactics have led to a dozen suicides and finally goaded the police into action. These ruthless lenders, charging usurious...

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Moneylife Digital Team 12 January 2021
In a recent order, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Conoor Builders to pay a home-buyer in its Gateway project at Andheri (West), interest at marginal cost lending rate (MCLR) of SBI plus 2% for a three-year delay in possession. According to the...

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Moneylife Digital Team 11 January 2021
Vehicle registrations in December 2020 recorded a growth of 11% largely due to festival spill-over demand and pre-buying due to the announcement of price hike in January 2021, says the Federation of Automobile Dealers Associations (FADA). At the same time, FADA expressed concern over...

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Moneylife Digital Team 08 January 2021
The Reserve Bank of India (RBI) has issued a cautionary warning regarding a fraudulent method of obtaining sensitive information using phone numbers.    The notice says that a fraud is being committed using mobile numbers similar to banks’ toll-free number. Mobile numbers resembling a...

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Moneylife Digital Team 08 January 2021
To boost real estate demand, the Maharashtra government has announced 50% reduction in premiums for the sector. This will be applicable to ongoing and new real estate developments till 31 December 2021. This new year bonanza comes in addition to extension of the stamp duty cut applicable in...

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Moneylife Digital Team 07 January 2021
Record low interest rates, affordable prices and sucpportive government policies are responsible for the spurt in demand for new homes in recent months – it is not pent-up demand, said Deepak Parekh, Chairman of Housing Development Finance Corporation (HDFC) Ltd on Tuesday. He was speaking at...

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Moneylife Digital Team 07 January 2021
On Tuesday, Union minister for housing and urban affairs, Hardeep Singh Puri, released a report prepared by Moneylife Foundation to document the efficacy of Real Estate Regulation and Development Act, 2016 (RERA) in India from the consumer perspective. The research project, made possible due...

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IANS 06 January 2021
India suffered the longest internet shutdowns in 2020 for the second year running globally, bearing the biggest economic impact of $2.8 billion and 8,927 hours lost, affecting 10.3 million users in total, a new report from the UK-based privacy and security research firm Top10VPN has...

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Moneylife Digital Team 05 January 2021
The novel coronavirus pandemic has upended businesses across the world resulting in dwindling revenues across several industries. Amidst the most challenging of circumstances, online inquiries for used cars under Rs3 lakh almost doubled, while inquiries for on-road price of vehicles jumped...

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Moneylife Digital Team 05 January 2021
"Data will be more valuable than gold. Let me say from my ministry's point of view, we will work with anyone, the state RERA authorities. Let us have a central database, which will have all the constitutional segments, including the states. Let us have all the stakeholder access to the...

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IANS 04 January 2021
The Supreme Court on Monday directed the counsel representing various banks, along with officials concerned, to meet the court-appointed receiver to finalise the proposal for financing of the unfinished Amrapali projects.   The receiver, senior advocate R. Venkataramani, informed a...

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Shubha Khandekar 04 January 2021
As my house is under renovation, it was necessary to remove the gas meter temporarily to prevent any damage to it. I had already turned off the supply and filed a request on 16 December on the Mahanagar Gas website under the given head, for someone to come and do the job.   (Screenshot...

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Moneylife Digital Team 31 December 2020
With the interconnect usage charges (IUC) coming to an end on 31 December 2020, Reliance Jio Infocomm Ltd (Jio) has decided to make all off-net domestic voice calls free, from 1 January 2021.    In a release, Jio says, "In September 2019, when Telecom Regulatory Authority of India...

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IANS 30 December 2020
In a warning to people who use smart home devices, the US Federal Bureau of Investigation (FBI) has said that offenders are hijacking victims' smart devices, including video and audio capable home surveillance devices, to carry out "swatting" attacks.   "Swatting" is a term used to...

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Have you even wondered about the continuous onslaught of unwanted commercial communication (UCC) or spam messages and unwanted calls from telemarketers? If yes, then data shared by the telecom regulator shows that there are over 230,000 entities registered as telemarketers with 11 telecom...

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