CONSUMER ISSUES


Shirish Shanbhag 01 March 2024
Although there are many problems that are common for redevelopment projects of single housing societies, undertaking such a project for multiple societies together is a much more troubling process that comes with a lot of uncertainties. As multiple societies are involved, every possible minor...

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Moneylife Digital Team 29 February 2024
While refusing to interfere in the 9 December 2023 order passed by the national company law appellate tribunal (NCLAT), the Supreme Court dismissed an appeal filed by DB Corp (Dainik Bhaskar group), one of the largest newspapers in Madhya Pradesh (MP). NCLAT had delivered a landmark order in...

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IANS 29 February 2024
A private bank manager has been booked by the Delhi Police's Economic Offence Wing (EOW) for allegedly siphoning off a customer's entire deposited savings of Rs 16 crore on the pretext of getting her higher returns.   According to police, the complainant, a customer, holding an...

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Moneylife Digital Team 28 February 2024
Coming down heavily on Flipkart Internet Pvt Ltd, Oneplus Technology India Pvt Ltd, Bathla Teletech Pvt Ltd and Oneplus Exclusive Service Centre for their indulgence in unfair trade practice and 'high headedness', the Chandigarh state consumer disputes redressal commission directed all four...

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Moneylife Digital Team 27 February 2024
In a significant order for credit card users, the Bangalore district consumer disputes redressal commission directed Standard Chartered Bank and Shaha Finlease Pvt Ltd to pay Rs1 lakh compensation with 10% interest and Rs3,000 as litigation cost for failing to update the Credit Information...

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A few days ago, Bollywood actor Vidya Balan filed a first information report (FIR) against a person who was running a fake Instagram account in her name. According to the police, the person used the account to extort money from people in the film industry. While impersonation or creating fake...

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IANS 23 February 2024
The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New & Renewable Energy R. K. Singh...

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IANS 23 February 2024
The US Federal Trade Commission (FTC) has issued a fine of $16.5 million on the cybersecurity company Avast over the charges that the firm sold browsing data to third parties after claiming its products would block online tracking.   According to FTC, the firm did the opposite instead...

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IANS 23 February 2024
The Department of Consumer Affairs in collaboration with the Advertising Standards Council of India (ASCI) conducted a stakeholder consultation to collectively address the malaise of surrogate advertisements that promote products in restricted categories, such as alcohol.   Such ads...

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Shirish Shanbhag 22 February 2024
Many small business owners prefer opening their place of business near their residence or even operating from within. While this might be permissible for some categories of business, commercial activities of most kinds are not to be allowed in residential premises without the express...

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IANS 21 February 2024
Finance minister (FM) Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness to deal with them.   The FSDC also discussed plans to...

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Moneylife Digital Team 21 February 2024
While bank account takeover represents more than half of all fraud cases for customers in India, there is a concerning bump in mule accounts used in these frauds, according to a report.    BioCatch, a leader in digital fraud detection powered by behavioural biometric intelligence,...

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Moneylife Digital Team 21 February 2024
While upholding orders passed by the Gautam Buddha Nagar district consumer disputes redressal forum and the Uttar Pradesh state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed IFFCO-Tokio General Insurance Company Ltd to pay...

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Moneylife Digital Team 20 February 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Oriental Insurance Co Ltd to pay Rs2,73,000 with an interest of 9%pa (per annum) as cost for knee replacement treatment. NCDRC categorically stated that Oriental Insurance failed...

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Moneylife Digital Team 19 February 2024
Upholding orders passed by fora below and holding the State Bank of India (SBI) responsible for deficiency in service twice, the national consumer disputes redressal commission (NCDRC) directed SBI to pay Rs3.60 lakh fraudulently withdrawn from a pensioner-customer's account using cloned ATM...

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IANS 19 February 2024
The Bureau of Civil Aviation Security (BCAS) has directed seven airlines to ensure that delivery of last baggage is made within 30 minutes as per the Service Quality Requirements of Operation, Management and Delivery Agreement (OMDA).   The BCAS has directed the airlines to implement...

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Moneylife Digital Team 16 February 2024
The Reserve Bank of India (RBI) has extended the deadline to 15 March 2024, after which Paytm Payments Bank Ltd is barred from accepting deposits. The last date fixed earlier was 29 February 2024. RBI also released FAQs to help customers understand the implications of its restrictions on...

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It is a standard bus stop in a city. One person with a red velvet rope creates a section for seating at the bus stop. He labels it as a VIP section and charges a fee. Three curious commuters pay the charges and tightly sit on the bench meant for two people. This is a prank played out on...

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Moneylife Digital Team 16 February 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed Latur, Maharashtra-based Dhanalaxmi Nagari Sahakari Patsanstha Ltd to pay the entire dues under the double money scheme to two depositors.    In an order last month, the...

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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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