CONSUMER INTEREST


As grocery stores become the only point of contact for people during the nationwide lockdown, experts advise that people must practice social distancing and take enough precautions while visiting grocery stores.   RS Mishra, Associate Director, Internal Medicine, Max Super Speciality...

Read More



Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three month under the terms of a Covid 19- RBI package announced on Friday.   Several banks, including State Bank...

Read More



The outbreak of coronavirus (COVID-19) has also increased number of threats like phishing emails, fake applications and fake websites. Over the past two months, thousands new portals and applications have emerged that claim to provide one of the other things about COVID-19. However, many of...

Read More



Telecom major Bharti Airtel on Monday announced to extend the validity of pre-paid packs of over 8 crore subscribers till April 17, in view of the coronavirus crisis and the resultant nationwide lockdown.   "Airtel has extended the pre-paid pack validity for over 80 million customers...

Read More



Pramod Kumar Jha (IANS) 31 March 2020
As grocery stores, across the country, are grappling with panic buying and dwindling supplies of fresh stocks, the exodus of labourers have added more fuel to the fire by affecting the entire supply chain of essential commodities, ranging from wheat flour to pulses and biscuits to edible...

Read More



Be ready to pay higher interest on your outstanding loan if you decide not to pay EMIs on your home or auto loan for the next three months under a moratorium announced by by the Reserve Bank of India on Friday.   Analysts and experts tracking the sector said that simple interest rate...

Read More



Moneylife Digital Team 28 March 2020
In a major relief for its customers, the State Bank of India (SBI) has decided to pass on the entire 75 basis points (bps) rate cut announced by the Reserve Bank of India (RBI) to its retail borrowers. At the same time, SBI also decided to reduce interest on deposits by 20bps to...

Read More



Day 2 of COVID-19 lockdown was no different for people who tried to book online delivery of essential items like groceries, milk and vegetables at Bigbasket, Grofers and other online platforms.   To one user's amusement, he got the next delivery slot on Grofers for Monday, April...

Read More



The government has decided to raise excise duty on petrol and diesel significantly, by upto Rs 8 per litre, to mobilise additional resources that would be required to fight the Covid-19 pandemic.   In amendments introduced in the Finance Bill 2020, the Finance Ministry has proposed to...

Read More



Even as thousands of passengers were left stranded at railway stations across India in the wake of suspension of train services, the Indian Railways on Monday announced relaxation in the time limit prescribed for passengers to stay in its retiring rooms.   This relaxation shall be in...

Read More



State-run insurance major Life Insurance Corporation of India (LIC) has extended the dealdline to pay insurance premiums up to April 15 in view of the coronavirus crisis.   In a statement, LIC also requested its customers to avoid visiting its offices to pay premium and stay indoors,...

Read More



SUBHASH NARAYAN (IANS) 20 March 2020
You must be wondering why the current freefall in the global oil market is not resulting in commensurate or sharp fall in retail price of petrol and diesel.   The answer lies in a plethora of taxes that both Central and state governments levy on the two auto fuels that rob the...

Read More



As a preventive measure against the spread of the coronavirus (COVID-19) pandemic in the country, the Railways on Thursday said that it has cancelled 84 pairs of trains, taking the total number of trains cancelled to 155 pairs and also suspended concessional tickets for "senior...

Read More



Moneylife Digital Team 19 March 2020
The Indian government may use the falling crude oil prices to further increase excise duty on petrol and diesel in the country to raise additional resources required for keep rising deficit under check and meet additional expenditure needs arising from coronavirus (COVID-19) outbreak. In...

Read More



Moneylife Digital Team 18 March 2020
A circular issued by Bank of Maharashtra (BoM) asking all its branches to consider the corona virus (COVID-19) pandemic as a 'business opportunity' and sell more insurance policies has shocked even its own rank and file. TMG Mahabaleshwarkar, general manager for resource planning, alternative...

Read More



Leading online travel aggregator MakeMyTrip on Tuesday announced that the company is waiving off fee for processing cancellation or rescheduling requests for domestic as well as international flights up to April 30.   "MakeMyTrip is not levying any fee for processing cancellation or...

Read More



Moneylife Digital Team 16 March 2020
Online grocery retailers like Bigbasket and Grofers saw a spike of 80%-100% in orders over the weekend as customers across metros began stocking up staples like flour, rice and pulses besides disinfectants, hand sanitisers, diapers and personal-care items, top executives at these companies...

Read More



Consumers may still get sharper cuts in retail prices of petrol and diesel if Indian oil marketing companies (OMCs) decide to reduce their margins on the sale of auto fuels that has increased substantially due to abnormally low global oil prices.   According to an ICICI Securities...

Read More



The new rules for debit and credit cards to increase security and reduce frauds kick in from Monday. In January, the Reserve Bank of India (RBI) had issued new rules to improve user convenience and increase the security of card transactions. These rules will help in curbing the misuse of...

Read More



Government has taken the bait provided by unusually low global oil prices to raise excise duty on petrol and diesel to raise revenue that has been severely impacted by a slowing economy.   It raised excise duty on petrol and diesel by Rs 3 per litre that would increase the retail...

Read More

Free Helpline
Legal Credit
Feedback