CONSUMER INTEREST


Even as some of us, in states like Maharashtra, begin the fourth month in lock-down, the rest of the country seems determined to put COVID-19 behind it. This has two significant financial implications for all of us. First, several concessions offered during the lock-down have been rolled...

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Moneylife Digital Team 01 July 2020
Several changes have kicked in from 1 July 2020 for financial transactions that will directly impact consumers at all levels. This includes limiting number of free transactions at automated teller machines (ATMs) and paying stamp duty on purchases of mutual fund units.    Other...

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Gokul Bhagabati (IANS) 30 June 2020
After India directed blocking of 59 Chinese apps, some of India's top legal experts have asked what the government plans to do about hundreds and thousands of Chinese mobile phones being used by Indians and the CCTV cameras installed in both the corporate sector and the government agencies,...

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In a big relief to train passengers, the Indian Railways has resumed bookings of Tatkal tickets for all 230 special trains from June 29, a service that was stopped in the wake of the novel coronavirus pandemic.   The Railways had suspended passenger, mail and express trains during the...

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The economic crisis triggered by the COVID-19 pandemic has once again shifted attention of the Centre and the states towards the oil sector to generate additional revenue for meeting the spending needs for exigencies.   The milking of the sector for revenue has gone to such an extent...

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Carrying forward its campaign for boycott of Chinese products and purchase of Indian goods, the Confederation of All India Traders urged the Union Commerce Minister Piyush Goyal to make the mention of 'country of origin' mandatory for all products sold in the country, both online and...

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The Directorate General of Civil Aviation (DGCA) issued a circular on Friday extending the suspension on scheduled commercial international flight operations to and from India till July 15.   The restriction, however, will not be applied on all-cargo flights and other flights...

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Despite asserting that anti-China sentiment was mainly limited to social media, Xiaomi has started covering its retail store branding with the Made in India logo in white colour fearing the backlash, the All India Mobile Retailers Association (AIMRA) said on Thursday.   The action...

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After remaining in a denial and refusing to share any information about telemarketers over the years, finally, the Telecom Regulatory Authority of India (TRAI) has put out a list that contains names of registered entities and SMS headers used for sending commercial communication or...

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Amid the growing push for inclination towards Indian goods and manufacturers, the government is seriously considering to make the mention of 'country of origin' mandatory for products sold on e-commerce platforms.   The Department for Promotion of Industry and Internal Trade (DPIIT)...

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TruthInAdvertising.org 24 June 2020
Virtual influencers (also known as CGI or computer-generated imagery influencers) are like human influencers without all the baggage. Like human influencers, they promote brands and their value is measured in followers and “likes.” But compared to their human counterparts, these “carefully...

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Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing companies on Wednesday raised its pump prices by 48 paisa while keeping the price of the other fuel unchanged.   In the Capital, diesel is now priced...

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Moneylife Digital Team 22 June 2020
A committee appointed by the Reserve Bank of India (RBI), headed by chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on...

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Petrol and diesel prices continued to rise with the two auto fuels getting dearer by 33 paise and 58 paise per litre respectively on Monday.   This is the 16th day of fuel price rise since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days...

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The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank's depositors to Rs 100,000 from Rs 50,000 earlier.   With this relaxation, the RBI said that more than 84 per cent of the depositors of the bank will be able to withdraw...

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Moneylife Digital Team 19 June 2020
In yet another example of usurious billing by hospitals during the coronavirus (COVID-19) pandemic, Gleneagles Global Hospitals (Global Hospital) in Mumbai has presented a Rs17.62 lakh bill to a retired constable’s family after his death. What is even more stunning is that his COVID test was...

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Subhash Narayan (IANS) 15 June 2020
Consumers are unlikely to get respite from the rising price of auto fuels -- petrol and diesel as oil companies plan to cover their entire gap of around Rs 8 per litre on sale of the two petroleum products by raising retail prices daily for at least next two weeks.   But the quantum...

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Moneylife Digital Team 15 June 2020
In a significant trend seen in the Indian housing sector over the past five years, the latest data points towards a reduced difference between the ready reckoner rates (RRR) and the actual market prices in the primary (sale by developer) segment in the top cities. From a more than 100%...

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Prabhu Mallikarjunan (The FEDERAL) 12 June 2020
Sunil Kumar, a migrant worker from Uttar Pradesh’s Aligarh, works as a painter in New Delhi and earns around ₹400 a day. But that is only on days when he gets work.   About nine months ago, Kumar fell short of ₹2,000 required for his brother’s treatment. Banks wouldn’t...

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Petrol and diesel prices have become more expensive for the common man with oil marketing companies raising pump prices by 60 paise per litre on Thursday.   The auto fuel prices have now risen five days in a row with petrol prices increasing by Rs2.74 and diesel by Rs2.83 per litre...

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