CONSUMER INTEREST


Moneylife Digital Team 02 August 2019
Updated on 8 August 2019 at 4.37pm to include response from ICICI Bank.   In June, the Reserve Bank of India (RBI) directed banks not to levy any charges for transactions processed in the real time gross settlement system (RTGS) and national electronic funds transfer (NEFT) systems in...

Read More



Shirish Shanbhag 01 August 2019
Maharashtra has recently announced an amnesty scheme with respect to the penalty that can be levied for insufficient or non-payment of stamp duty. Stamp Duty is an integral part of any immovable property transaction that requires registration. The transaction could be either a sale, mortgage,...

Read More



The Supreme Court on Wednesday asked the central government to consider bringing a law to regulate mobile app-based taxi service providers like Ola and Uber to ensure safety and security of women passengers.   A bench headed by Justice S.A. Bobde also asked petitioner Nipun Saxena to...

Read More



A Bill to establish a national level regulator - Central Consumer Protection Authority (CCPA) - to deal with consumer complaints pro-actively was passed in the Lok Sabha on Tuesday by voice vote amid objections to several clauses.   Unveiling the government's argument for the passage...

Read More



Equating cheating of home buyers by greedy builders with rape, BJP leader Vijay Goel on Thursday demanded stringent action against them.   Speaking in the Rajya Sabha during Zero Hour, he also sought action against celebrities endorsing housing projects of such...

Read More



Aditya Joby 24 July 2019
The Real Estate Regulatory Authority Act or the RERA Act was notified with the intention of safeguarding the interests of home-buyers, and regulating the real estate market. While some states such as Maharashtra and Haryana are proactively implementing RERA, states like Andhra Pradesh do not...

Read More



Moneylife Digital Team 23 July 2019
The government is making some changes in taxation for home owners and the security deposit paid by the tenant. While the first will make increase burden on flat owners, the other is expected to provide some relief to tenants.     As per communication from the ministry of finance, home...

Read More



Giving respite to the 42,000 beleagured buyers of Amrapali Group, the Supreme Court on Tuesday cancelled the real estate company's RERA registration and appointed state-run National Buildings Construction Corporation Limited (NBCC) to complete all its pending projects.   A bench,...

Read More



The Supreme Court on Tuesday asked the Central government to come up with a solution to protect the interests of home-buyers.   A bench of Justices AM Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved home-buyer of...

Read More



Sumit Saxena (IANS) 09 July 2019
The Supreme Court has issued notice to the country's leading real estate developer Niranjan Lakhumal Hiranandani and 25 others in a case of criminal conspiracy to allegedly cheat the Employees' Provident Fund Organisation (EPFO) by not depositing provident fund dues of the company's employees...

Read More



In a bid to promote digital payments and curb black money, Union Finance Minister Nirmala Sitharaman on Friday proposed tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year from a bank account.   "Our Government has taken a number of...

Read More



Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and infrastructure cess of Re 1 per litre on both the transport fuel while presenting the Union Budget...

Read More



Moneylife Digital Team 04 July 2019
A public interest litigation (PIL) filed by Moneylife Foundation was heard by the Supreme Court on Thursday. The bench of Chief Justice Ranjan Gogoi and Justice Deepak Gupta deferred the matter to 15 July 2019 as per request from senior counsel Arvind Datar, representing Moneylife...

Read More



Aditya Joby 01 July 2019
Raghuvendra Sharda, a.k.a Kiku Sharda, a popular comedian from The Kapil Sharma Show, recently played a part in a very favourable judgment under the Maharashtra Real Estate Regulatory Authority (MahaRERA), not only for him, but also for countless homebuyers.    Mr Sharda had booked...

Read More



Dr Nita Mukherjee 25 June 2019
Sometime on the morning of Sunday 26th May, I received a typical marketing SMS from Tata Sky congratulating me as I had been ‘awarded’ a free trial subscription for a month for Tata Sky Binge. Binge is a product that Tata Sky has on offer that allows access to various Internet-based streaming...

Read More



Yoga guru and ayurveda tycoon Baba Ramdev on Wednesday called for "zero tolerance" to those found guilty of indulging in adulteration of food and manufacturing spurious medicines and demanded they be sentenced to life imprisonment.   "This is one of the most heinous forms of crime...

Read More



Sumit Sharma 19 June 2019
A personal accident policy and a happy family floater policy are usually sufficient for most individuals and families to head out for a holiday. Or that’s what a honeymooner thought.    The following is a case of a person holding all relevant policies but different interpretation of...

Read More



Moneylife Digital Team 19 June 2019
A Bandra based couple has registered a complaint against two men for allegedly defrauding them of Rs50 lakh. The accused have been booked under Sections 420, 405 and 463 of the Indian Penal Code.    Mount Mary Road resident - Hassanaly Dossani was introduced to the two brothers...

Read More



In a bid to get first-hand information from railway passengers, Railway Board Chairman Vinod Kumar Yadav has asked all General Managers and other senior officials to travel by trains frequently.   In a letter written to all the General Managers on June 13, Yadav told them to file...

Read More



Facing severe water shortage and high vegetable prices, restaurants/hotels serving South Indian meals are mulling ways to tackle the situation, including stopping lunch meals, said an official of a hotel association.   "It is a major crisis faced by the hotels in Chennai and also in...

Read More

Free Helpline
Legal Credit
Feedback