CONSUMER ISSUES


Amid the growing push for inclination towards Indian goods and manufacturers, the government is seriously considering to make the mention of 'country of origin' mandatory for products sold on e-commerce platforms.   The Department for Promotion of Industry and Internal Trade (DPIIT)...

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TruthInAdvertising.org 24 June 2020
Virtual influencers (also known as CGI or computer-generated imagery influencers) are like human influencers without all the baggage. Like human influencers, they promote brands and their value is measured in followers and “likes.” But compared to their human counterparts, these “carefully...

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Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing companies on Wednesday raised its pump prices by 48 paisa while keeping the price of the other fuel unchanged.   In the Capital, diesel is now priced...

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Moneylife Digital Team 22 June 2020
A committee appointed by the Reserve Bank of India (RBI), headed by chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on...

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Petrol and diesel prices continued to rise with the two auto fuels getting dearer by 33 paise and 58 paise per litre respectively on Monday.   This is the 16th day of fuel price rise since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 days...

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The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank's depositors to Rs 100,000 from Rs 50,000 earlier.   With this relaxation, the RBI said that more than 84 per cent of the depositors of the bank will be able to withdraw...

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Moneylife Digital Team 19 June 2020
In yet another example of usurious billing by hospitals during the coronavirus (COVID-19) pandemic, Gleneagles Global Hospitals (Global Hospital) in Mumbai has presented a Rs17.62 lakh bill to a retired constable’s family after his death. What is even more stunning is that his COVID test was...

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Subhash Narayan (IANS) 15 June 2020
Consumers are unlikely to get respite from the rising price of auto fuels -- petrol and diesel as oil companies plan to cover their entire gap of around Rs 8 per litre on sale of the two petroleum products by raising retail prices daily for at least next two weeks.   But the quantum...

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Moneylife Digital Team 15 June 2020
In a significant trend seen in the Indian housing sector over the past five years, the latest data points towards a reduced difference between the ready reckoner rates (RRR) and the actual market prices in the primary (sale by developer) segment in the top cities. From a more than 100%...

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Prabhu Mallikarjunan (The FEDERAL) 12 June 2020
Sunil Kumar, a migrant worker from Uttar Pradesh’s Aligarh, works as a painter in New Delhi and earns around ₹400 a day. But that is only on days when he gets work.   About nine months ago, Kumar fell short of ₹2,000 required for his brother’s treatment. Banks wouldn’t...

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Petrol and diesel prices have become more expensive for the common man with oil marketing companies raising pump prices by 60 paise per litre on Thursday.   The auto fuel prices have now risen five days in a row with petrol prices increasing by Rs2.74 and diesel by Rs2.83 per litre...

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In a relief for embattled home-buyers who are yet to get possession of their houses in the stalled Amrapali Group projects, the Supreme Court on Wednesday directed the banks to release the loans given to the Amrapali home-buyers, which were declared as non-performing assets...

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TruthInAdvertising.org 10 June 2020
TINA.org finds dozens of clinics deceptively promoting IV therapies as a way to prevent and treat the coronavirus.     Emboldened by reports of COVID-19 patients being treated intravenously with high doses of vitamin C, including in local news segments that spotlight the...

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The Insurance Regulatory and Development Authority of India (IRDAI) announced it is withdrawing the long-term motor insurance package policy from 1 August 2020 onwards.   In a circular, the IRDAI has said after considering various issues, it has decided to withdraw the long-term motor...

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Moneylife Digital Team 09 June 2020
Coming down heavily on the Union government and the National Pharmaceutical Pricing Authority (NPPA), the Bombay High Court (BHC) on Tuesday asked the regulator to relook and pass appropriate order about capping price of N95 masks, in accordance with law, as per clause 20 of the Drug Price...

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In a policy-holder-friendly decision, the Insurance Regulatory and Development Authority of India (IRDAI) on Monday asked the heads of non-life insurers to encourage policy-holders to file electronically documents relating to Cyclone 'Nisagra' claims.   "It is interesting to see IRDAI...

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Sanjeev Sharma (IANS) 09 June 2020
Food categories like biscuits, salty snacks, instant noodles, beverages, edible oils are seeing an increase in demand as in home consumption increases while out of home consumption of FMCG products is expected to take a back seat as the lockdown keeps more people at home.   According...

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Moneylife Digital Team 08 June 2020
The COVID-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities. With work-from-home (WFH) a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better...

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Renee Dudley (ProPublica) 08 June 2020
Brands have long been able to bid for the premier slot at the top left of Amazon’s listings, but during the pandemic the online retailer has begun using this position for its private-label items, raising antitrust concerns.   Until recently, when Amazon customers typed “melatonin”...

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The Supreme Court on Friday sought a response from private hospitals, which were given land free of cost by the government, if they are willing to charge tariffs prescribed under the Ayushman Bharat scheme for the treatment of COVID-19 patients.   A bench headed by Chief Justice S A...

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