CONSUMER INTEREST


Moneylife Digital Team 12 December 2024
In a move to provide huge relief to thousands of home-buyers, the national company law appellate tribunal (NCLAT) on Thursday appointed the State-run NBCC (India) Ltd, formerly known as National Buildings Construction Corporation Ltd, as project management consultant (PMC) to complete Supertech...

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Sahyaja MS (Bar  and   Bench) 12 December 2024
The Bombay High Court's Aurangabad bench on Wednesday refused to quash criminal proceedings initiated against Hindustan Coca-Cola Beverages over allegations that they sold adulterated units of their soft drink 'Canada Dry' in 2001 (Hindustan Coca-Cola Beverages Pvt Ltd v The State of...

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Shirish Shanbhag 12 December 2024
Cooperative housing society (CHS/Society) management issues are a recurring challenge for members, often stemming from a lack of clarity in implementing bylaws or ensuring fair practices. This week, I will address pressing concerns from Society members who face irregularities in routine...

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Moneylife Digital Team 10 December 2024
Reserve Bank of India (RBI) and the Union ministry of finance (FinMin) have asked banks to use MuleHunter.ai, an innovative artificial intelligence (AI) and machine learning (ML)-based model developed by the RBI Innovation Hub (RBIH) to deal with the issue of mule bank accounts expeditiously...

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Ummar Jamal (Bar  and   Bench) 10 December 2024
The District Consumer Disputes Redressal Commission (Commission) in Delhi's Central District found Emami found Emami (opposite party/ OP) guilty of unfair trade practices and misleading advertisements related to its "Fair and Handsome" fairness cream.   The coram of President lnder Jeet Singh...

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Moneylife Digital Team 06 December 2024
The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024 which allows bank account-holders to have up to four nominees or successive nominations in their accounts. Moneylife Foundation has been demanding successive nominations for bank accounts similar to those available for...

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Moneylife Digital Team 06 December 2024
Expressing concern over the rising sums of money lying in inoperative or frozen bank accounts, the Reserve Bank of India (RBI) says its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or frozen. The central bank has asked banks to...

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Moneylife Digital Team 06 December 2024
Holding Tata AIA Life Insurance Co Ltd responsible for mis-selling policies with 10-year premium liability as a one-time premium to a low-income family, the national consumer disputes redressal commission (NCDRC) directed the insurer to refund the premium of Rs2.47 lakh with an interest of 9%pa...

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The X handle of Aam Aadmi Party (AAP) recently shared a video purportedly showing Bollywood actor Pankaj Tripathi in an advertisement urging people not to vote for the Bharatiya Janata Party (BJP). However, this video turned out to be an edited version or a deepfake created using artificial...

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Moneylife Digital Team 05 December 2024
Brian Thompson, the chief executive officer (CEO) of UnitedHealthcare, the world's largest healthcare company by revenue, was shot and killed in a brazen and targeted attack outside a Manhattan hotel where the health insurer was holding its investor conference, police says setting off a massive...

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Moneylife Digital Team 05 December 2024
In November, the average cost of a veg thali jumped 7% and non-veg thali increased by 2%, mainly due to an increase in the prices of tomato and potato, which collectively account for about 26% of the thali cost, says CRISIL Ratings.    According to Roti Rice Rate (RRR), CRISIL's monthly...

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Shirish Shanbhag 05 December 2024
Members of cooperative housing societies and apartment associations often face various administrative and operational challenges. From disputes over procedural matters like recording minutes of meetings to complications arising from discrepancies in official documents, these issues require a...

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Moneylife Digital Team 03 December 2024
Amid rising health concerns, the Food Safety & Standards Authority of India (FSSAI) has reclassified packaged drinking water and mineral water as a high-risk food category, mandating stricter regulatory controls and annual facility inspections.   The move, effective immediately following an...

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Moneylife Digital Team 29 November 2024
Holding State Bank of India (SBI) responsible for not personally informing the borrower about withdrawing free personal accident insurance cover, the national consumer disputes redressal commission (NCDRC) directed SBI to waive the home loan outstanding of Rs14.30 lakh and pay Rs75,000 as...

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While the number of cyber fraud incidents is increasing, what is more worrisome is how easily criminals are duping senior citizens. A 75-year-old man lost over Rs11 crore in Mumbai's second biggest cyber fraud of 2024 after sending money to different bank accounts to invest in the stock. In...

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Chandramouli Mohan 29 November 2024
Travelling abroad is meant to blend adventure and relaxation, a break from the daily grind. But for Mr Nagaraj (name changed), his recent vacation to a Southeast Asian country became an unintended saga of tech troubles and unanticipated legal battles, all thanks to a botched international...

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Vrunda, a friend, often thought her mobile phone had become relatively slow. When she asked around on social media, someone suggested that she download a mobile cleaning app to remove unnecessary and junk files from the device. She searched and downloaded a mobile cleaning app that looked good...

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Shirish Shanbhag 28 November 2024
Navigating the rules and regulations of a cooperative housing society (CHS/Society) can often feel overwhelming, especially when it involves shared facilities and rights such as parking spaces or access to amenities like gyms. This week, we address some common yet challenging scenarios faced by...

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Moneylife Digital Team 26 November 2024
Even as the number of payment transactions through unified payment interface (UPI) are increasingly rapidly so are the frauds. From financial year (FY) 22-23 to September 2024, UPI fraud incidents jumped to 2.7mn (million) or 26.99 lakh cases worth Rs2,145 crore, the Lok Sabha was...

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Sahyaja MS (Bar  and   Bench) 26 November 2024
A District Consumer Redressal Commission in Mumbai recently ordered e-commerce platform Flipkart India and the seller of the product to pay Rs10,000 in costs to a woman after she was unable to return a food product which she claimed was substandard (Taruna Rajput v Flipkart India).   A coram...

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