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IANS 15 February 2024
Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.   Free look period is the period during which a...

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Shirish Shanbhag 15 February 2024
A property card issued by the local government in metropolitan areas serves as an official document identifying the real estate owner. It records pertinent details such as the proprietor's name, land acreage, survey number, plot number, district, taluka and village. Apart from establishing...

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Retired schoolteacher Eloise Parker lives by herself in Massachusetts, but she has a tenant in her barn, Adam Clay, living a quiet life as a beekeeper. One day, Eloise falls for a phishing scam through a malicious browser push notification. She is robbed of over US$2mn (million), the majority...

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IANS 09 February 2024
An IndiGo Airlines New Delhi-Mumbai flight returned to the Delhi airport early on Friday as some passengers complained of a stench inside the aircraft.   When some passengers who claimed they were almost choking, tried to find out from the crew, they were not given any replies and...

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IANS 09 February 2024
The US Federal Communications Commission (FCC) has barred robocalls with voices generated by artificial intelligence (AI) to protect consumers from voice-cloning scams.   The unanimous judgment on Thursday recognises the calls made with AI-generated voices as "artificial" under the...

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Moneylife Digital Team 08 February 2024
Recovering six equated monthly instalments (EMIs) from a customer for a jewellery set worth Rs1,790, cost ICICI Bank Ltd Rs35,000, excluding an interest of 6%pa (per annum). In an order, the national consumer disputes redressal commission (NCDRC) directed ICICI Bank to pay Rs25,000...

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IANS 08 February 2024
The Reserve Bank of India (RBI) on Thursday said that it has decided to come out with a new framework for authentication of digital payment transactions and introduce additional norms to enhance the security of the aadhaar enabled payment system (AePS).   Over the years, RBI has...

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Shirish Shanbhag 08 February 2024
An associate member has similar rights in a cooperative housing society (CHS/Society) as the original member, but there are a few exceptions, and written consent of the original member may be required for certain actions. Essentially, an associate member is a person duly admitted to...

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IANS 08 February 2024
Google has started a new programme, 'enhanced fraud protection' with Google Play Protect to help better shield Android users from financial fraud attacks.   The company will launch the pilot in Singapore in partnership with the Cyber Security Agency of Singapore (CSA) in the coming...

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Moneylife Digital Team 06 February 2024
In a judgement that would be an eye-opener for health insurance policy buyers, the national consumer disputes redressal commission (NCDRC) rejected a claim due to the wrong date of birth and suppressing of pre-existing ailments while buying the health insurance policy.   In an order...

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IANS 06 February 2024
In a move that would facilitate ease of doing business through the concept of 'One Nation, One Commodity, One Regulator', the Food Safety and Standards Authority of India (FSSAI) has approved various amendments to streamline food safety and standards regulations.   Various amendments...

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Moneylife Digital Team 05 February 2024
Reiterating that a person whose premises are connected to receive electricity with the works of a distribution licencee is a consumer, the national consumer disputes redressal commission (NCDRC) stated that the Maharashtra State Electricity Distribution Co Ltd (MahaDiscom) has no right to...

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Moneylife Digital Team 02 February 2024
In the wake of continuing incidents and reports of bank customers falling prey to frauds being perpetrated in the name of know your customer (KYC) updation, Reserve Bank of India (RBI) once again urged people to exercise caution and due care to prevent loss and safeguard themselves from such...

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Moneylife Digital Team 02 February 2024
While upholding an order passed by the Punjab state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed the Life Insurance Corporation of India (LIC) to pay the balance of Rs99,136 with a 9% interest out of the surrender value of...

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Delhi-based Ashish Kumar Tomer received a message on WhatsApp offering him the opportunity to earn money by rating restaurants on Google. The sender claimed to be from Career Builder Ltd. When he accepted the offer, he was added to a Telegram group. After completing some rating 'tasks', he...

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Shirish Shanbhag 01 February 2024
Often, resident members in cooperative housing societies (CHS) buy flats in new or redeveloped buildings, which adjoin each other and, for habitual convenience, merge them into a single flat (or a duplex flat if situated on separate floors). In most such cases, the owners remain ignorant of...

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Moneylife Digital Team 31 January 2024
While upholding an order passed by the Rajasthan state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed MakeMyTrip India Pvt Ltd to pay Rs2 lakh compensation and Rs21,000 litigation cost for deficiency in service for a tour...

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IANS 30 January 2024
In a bolt from the blue ahead of the elections, Tata Power Co Ltd has proposed a huge increase in the power rates for Mumbaikars, particularly the lower-end users as part of a tariff rationalisation initiative.   The average hike proposed is 12% across all consumer groups in 2024-2025...

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Moneylife Digital Team 30 January 2024
Holding the Bhawanigarh municipal council deficient in not maintaining water pipes, the national consumer disputes redressal commission (NCDRC) directed the municipal council to pay Rs2.37 lakh to a house-owner. NCDRC also directed SBI General Insurance Company Ltd to indemnify the loss and...

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A few days ago, one of my friends, working in a reputed organisation and earning a good salary, received a WhatsApp message offering a job opportunity to earn Rs3,000 per day just by clicking ratings on Google Maps to increase the client's business reputation. This is just one example of the...

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