CONSUMER INTEREST


TruthInAdvertising.org 22 December 2021
It’s not always the case that a class-action settlement resolving allegations of false advertising or deceptive marketing results in what’s best for consumers (or class members as they’re known in litigation). Here are some of those that left class members out in the cold this...

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IANS 18 December 2021
For the second time in 3 weeks, the Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from midnight, an official said here on Friday.   The basic price of CNG is increased by Rs 2/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region...

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Full Edition
Moneylife Online Magazine
Lead Article
REGULATIONS
Sucheta Dalal , 14-August-2022
It is over two weeks since Zee Business channel’s investigative report...

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IANS 13 December 2021
Meta-owned WhatsApp has brought in a new privacy update to prevent unknown contacts to see a user's last seen and online status. This new feature has been reportedly rolled out for both Android and iOS enabled devices.   As per a report by WABetaInfo, some third party apps from Google...

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IANS 13 December 2021
High prices of automobiles are likely to persist at elevated levels even during 2022, said Grant Thornton Bharat in a report.   Lately, increasing cost of commodities in India has resulted in record-high prices for new and used vehicles in the country.   "It is expected that...

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IANS 08 December 2021
The Supreme Court on Tuesday held that the National Consumer Disputes Redressal Commission (NCDRC) can direct the deposit of the entire amount or more than 50 percent determined by the state commission for conditional stay.   A bench of Justices M.R. Shah and B.V. Nagarathna said:...

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IANS 03 December 2021
Hackers have stolen crypto tokens worth $120 million from Blockchain-based decentralised finance (DeFi) platform BadgerDAO. Several crypto wallets were drained before the platform could stop the cyber attack.   In a tweet, Badger said it has received reports of unauthorised...

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IANS 01 December 2021
The US consumers spent a total of $33.9 billion online, from Thanksgiving Day through Cyber Monday, down 1.4 per cent (on-year) as Black Friday dipped 1.3 per cent at $8.9 billion vs $9 billion last year while Thanksgiving Day online sales stayed flat at $5.1 billion.   According to...

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TruthInAdvertising.org 30 November 2021
As we head into the craziness of the holiday shopping season, consumers need to be wary of fake reference prices. These are prices that retailers make up to create the illusion of savings and they are at the center of a recent trend in class-action litigation.   In reality, the...

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IANS 26 November 2021
From daily essentials like tomatoes, milk as well as edible oils to transport fuels, rising prices have hampered the financial health of ordinary middle class families in India.   The trend has not only hurt the economically weaker section of the society but has lately been cited to...

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IANS 18 November 2021
In India, the most popular password is "password" and not "123456" as has been widely speculated. Interestingly, Japan is the only other country that had the same top password as India, new research showed on Thursday.   Other common passwords people use in India are "iloveyou",...

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IANS 16 November 2021
Cybersecurity researchers have discovered a new Android Trojan that can circumvent multi-factor authentication on banking apps on smartphones, putting users' financial data and money at risk.   Called 'SharkBot', the Android malware has been found in attacks across Europe and the US,...

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IANS 15 November 2021
A consumer court in Bengaluru has ordered the Karnataka State Road Transport Corporation (KSRTC) to pay Rs 1,000 as compensation to a passenger for failing to pick him up from the designated bus stop.   Sixty seven-year-old S. Sangameshwaran, a resident of Banashankari in the city,...

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Veeresh Malik Veeresh Malik 15 November 2021
Post-COVID-19 and post shortage of chips, the scales are slowly returning, favouring new vehicle buyers. But this is not without a few new hazard warning signals flashing on Indian roads— especially near new automobile showrooms.    Now that the semiconductor (chip) shortage, which...

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IANS 09 November 2021
Manufacturers will now need to indicate per unit sale price - for instance, cost per kg or per litre - on pre-packed commodities that will allow easier comparison of the prices at the time of purchase for the consumer.   This is being done to safeguard the interest of consumers,...

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IANS 09 November 2021
The Supreme Court (SC) on Monday said a model builder-buyer agreement is an important matter in public interest, which is required in the real estate sector, and sought Centre's reply in the matter.   A bench of Justices DY Chandrachud and A.S. Bopanna told Additional Solicitor...

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Moneylife Digital Team 08 November 2021
In a significant order, the National Consumer Disputes Redressal Commission (NCDRC) held that a home-buyer is a consumer within the meaning of Section 2 (1) (d) of the Consumer Protection Act since the developer had failed to prove that home-buyer (complainant) is indulging in the business of...

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In a run-up to the festive season, the Central Consumer Protection Authority (CCPA) took stringent action to safeguard consumer interests issuing 202 notices to entities with regard to country of origin violations in the period between October 16-22.   Out of this, electronic products...

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The Centre on Tuesday announced launch of a nation-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders as its violation is a cognisable offence under relevant sections of the BIS Act.   Selling of such sub-standard helmets, pressure...

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Moneylife Digital Team 21 October 2021
Edible oil inflation in India will remain in double digits in the near term, even with the recent steep cuts in the import duty by the government due to the country's high import dependence on edible oils, says a research note. Vegetable oil has been among the top-10 principal commodities in...

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A smartphone spyware has put personal data of hundreds of thousands of users at risk, like call records/recordings, text messages, photos, browsing history and precise geolocations, the media reported.   The personal data can be pulled from a person's phone because of a security issue...

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