CONSUMER ISSUES


All over the world, SMS phishing attacks, now called 'smishing' are on the rise. While SMSs claiming to originate with a bank are the most tried and tested ploy of fraudsters in India, they are also using such expressions as 'Fedex package delivered' or 'Thank you for paying your bill, here...

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Consumer electronics manufacturers on Thursday said that due to hike in raw materials costs and shipment delays amid lock-downs in China, they have no option but to increase prices of consumer goods by 5-7 per cent soon for the Indian consumers.   The electronics industry worldwide...

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Moneylife Digital Team 05 May 2022
India is facing the worst power outages in more than six years amid heatwaves and soaring high temperatures across states and Union Territories (UTs). Two in three households in India confirmed facing power outages amidst heatwave and high temperatures in a survey conducted by...

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In a major crackdown against a reality firm, the Haryana Real Estate Regulatory Authority (HRERA) on Tuesday issued arrest warrants against the directors of Ansal Housing Corporation Ltd, besides issuing summons to its managers for failing to deliver a housing unit on time and for not...

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Moneylife Digital Team 03 May 2022
Cumin, an unassuming item of the Indian spice box, appears set to take centre stage as a sharp decline in production in crop season 2021-22 (November-May) drives up its prices to a five-year high, says a research note.    In the report, CRISIL Ratings says, "Cumin acreage fell an...

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Two days after the export ban on palm oil by Indonesia became effective, India on Sunday said it has an optimum stock of all edible oils, sufficient to cover the lean period.   On the other hand, trading bodies are optimistic that Indonesia will need to deal with its own continuing...

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Meta-owned WhatsApp on Monday said that it banned over 18 lakh bad accounts in India in the month of March in compliance with the new IT Rules 2021.   The platform had banned over 14 lakh such accounts in the country in February.   The company said that it also received 597...

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Moneylife Digital Team 29 April 2022
In what is perhaps a first, State Bank of India (SBI) has agreed to reimburse the medical expenses of a customer who fell from an unstable ladder at a bank branch in Mumbai leading to severe injuries, surgery and hospitalisation. The Bank paid, only on the intervention of the Reserve Bank of...

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In a major move, Union Minister of State for Railways Raosaheb Danve-Patil announced a 50 per cent reduction in the commuter ticket rates for suburban air-conditioned trains services, here on Friday.   He made the announcement during a function at the Central Railway's Byculla...

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As I mentioned in my previous article, every fraud originates from one of the two factors: either fear or greed. And this applies to everyone, whether young or old. The difference, however, is that for senior citizens, the digital age of communication is proving to be the cure being worse...

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Dr TV Gopalakrishnan 28 April 2022
"Many of the economic challenges we face today stem from the neglect of supply side policies over the past decade or more." Augustine Carstens (Times of India).    At 14.55%, March Inflation Hits Four Months (High Business Line)   Price Rise, Geopolitical Woes Offset Gains...

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A customer has sent a takedown notice to Ola Electric for publishing the electric two-scooter's telemetry data on social media, after the e-scooter met with an accident in Guwahati, injuring the rider.   Balwant Singh from Guwahati had tweeted on April 15 that his son had met with an...

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IANS 25 April 2022
Nearly 10 years after they were cheated of more than Rs 427 crore by a Mumbai realtor, 2,500 victims run from pillar to post to recover their hard-earned monies.   The builders are Laxman Lachhman Bhagtani, 70, and his sons -- Dipesh and Mukesh, all directors of JVPD Properties Pvt....

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Ola Electric on Sunday said that it is voluntarily recalling 1,441 e-scooters as a pre-emptive measure to conduct a detailed health check of the concerned batch.   The company said that its internal investigation into the March 26 incident when an Ola S1 Pro e-scooter caught fire in...

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TruthInAdvertising.org 25 April 2022
TINA.org files complaint with the FTC concerning deceptive advertising on Roblox.   Roblox, a multibillion-dollar public company based in California, says its mission is to “bring the world together through play.” The Roblox platform is an immersive virtual space consisting of 3D...

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Almost every day, newspapers publish reports about people are being cheated by a variety of innovative new frauds. Most people skip over these articles assuming it happens to someone else. Moneylife has decided to bring you true stories about new ways in which fraudsters are getting your...

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The unabated deadly fires in the electric two-wheelers has shaken up the entire EV industry and its stakeholders, forcing the government to now press an emergency button and direct EV makers to immediately recall faulty batches that may trigger more such incidents.   After Union Road...

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Moneylife Digital Team 21 April 2022
Taking cognisance of unsolicited credit cards or upgrades, the Reserve Bank of India (RBI) has warned card-issuers not to indulge in such practices and immediately reverse the charges while paying the penalty twice the value of the charges reversed.    In its master direction issued...

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The Supreme Court on Wednesday asked the enforcement directorate (ED) to propose steps to bring back home buyers money, amounting to Rs5,000 crore diverted to tax havens, as revealed in a forensic audit.   At the beginning of the hearing, Additional Solicitor General N. Venkataraman,...

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Instead of the 'Health Star Ratings' on junk food, as proposed by the Food Safety and Standards Authority of India (FSSAI), which will "mislead the consumers", the Centre for Science & Environment (CSE) on Wednesday demanded that warnings about unhealthy levels of salt, sugar, and fat be...

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