CONSUMER ISSUES


The Russia-Ukraine crisis-led global hike in crude oil prices is expected to push India's domestic prices of petrol and diesel by Rs 20-22 per litre.   However, an excise duty cut may dampen the impact on petrol and diesel prices to an extent, but not entirely.   The crisis as...

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The issue of ghost loans or fake loans that can wreck a person’s credit report burst into the public domain when a large number of people began to discover that their credit scores had plummeted or their credit reports contained incorrect information about loans they had never...

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A whopping 93 per cent Indians agree that simple Front of Pack Labelling (FOPL) on all food and beverage is a necessity, according to a study by researchers at the All India Institute of Medical Sciences (AIIMS) released on Monday.   An FOPL is regarded as the most effective policy...

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Faulty biometric scanners at PDS shops have led to commotion across the state of Tamil Nadu with consumers finding it tough to procure their ration material despite standing in queues for long hours.   In several PDS shops in the state, the biometric scanners turn faulty and heated...

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Moneylife Digital Team 28 February 2022
A couple of weeks ago, there was a furore on Twitter when several people found to their shock that their credit reports showed loans that they had never availed. Some discovered these when their credit scores dropped without reason and others when they began to get calls from recovery...

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Moneylife Digital Team 26 February 2022
The ground action by Russia after a long-standing build-up has begun in Ukraine; however, the chances of much more significant escalation look less at this point. Irrespective of the military objectives, the impact of the conflict will be felt across commodities and asset classes. Oil prices...

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Moneylife Digital Team 24 February 2022
The Reserve Bank of India (RBI) on Thursday cancelled the certificate of registration of Delhi-based PC Financial Services Pvt Ltd (PCFS) for violation of its directions on outsourcing and know your customer (KYC) norms. The company was primarily engaged in mobile app-based lending operations...

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Moneylife Digital Team 23 February 2022
The gold loan auctions by non-bank finance companies (NBFCs) rose during the first nine months of FY21-22 (9MFY21-22), perhaps the highest since FY13-14 when gold saw enormous volatility in its prices. NBFCs offering gold loans faced higher auction pressures in 9MFY21-22, mainly due to the...

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IANS 23 February 2022
The Supreme Court on Wednesday imposed fine on various state governments for non-compliance of its order to fill up vacancies in district and state consumer commissions.   Sending a strong message to the state governments, a bench comprising Justices SK Kaul and MM Sundresh said the...

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IANS 22 February 2022
In a possible identity theft at a mass level, several Indians have been left high and dry on discovering unaccounted outstanding loans from IndiaBulls-owned fintech platform Dhani on their credit history records.   In the past couple of days, several victims -- from celebrities like...

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IANS 21 February 2022
Amrapali home-buyers on Monday raised, in the Supreme Court (SC), quality issues with housing projects where the National Buildings Construction Corporation (NBCC) is the project management consultant.   Counsel for home-buyers urged the top court to take cognisance of the matter...

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Moneylife Digital Team 21 February 2022
Blaming telecom companies and banks for their financial data breach, as many as 41% of the citizens feel that the last mile of such entities is not secure at all, while 33% of citizens are unaware of how their data got compromised. Permanent account number (PAN) is the biggest reason for data...

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IANS 17 February 2022
The Ministry of Road Transport and Highways on Wednesday made it mandatory for kids aged between nine months and four years to wear a crash helmet and a safety harness while they are being carried on a motorcycle.   The rules will come into force after one year from the date of...

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IANS 17 February 2022
Expressing its discontent with the vacancies in the tribunals, the Supreme Court on Wednesday said some 'knee-jerk' appointments were made by the Centre to fill up vacancies across the country, and the bureaucracy has been taking up the issue 'lightly].   A bench headed by Chief...

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Moneylife Digital Team 16 February 2022
In a significant order giving relief to lakhs of home-buyers, the Supreme Court (SC) has ruled that the interest of home buyers is more important than the interest of banks in cases where the developer or builder fails to repay the bank loan.    A division bench of justice MR Shah and...

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IANS 16 February 2022
More than seven in 10 consumers are worried about Meta (formerly Facebook) owning the metaverse data, according to a new report.   According to the US-based Advokate Group, more than 77 per cent of those interested in joining a metaverse are worried about Facebook owning the...

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Moneylife Digital Team 15 February 2022
The burden of inflation varies across different income groups, as does the share of spending on food, fuel and core categories across classes. While the urban poor remained the worst affected, inflation is also catching up fast in the rural areas, says a research note.   In the...

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IANS 15 February 2022
The tussle between the Advertising Standards Council of India (ASCI) and EaseMyTrip over a 'misleading' consumer advertisement has reached its nadir as the leading travel platform has now filed a lawsuit against the advertising industry's self-regulatory body.   ASCI alleged in its...

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Moneylife Digital Team 14 February 2022
As many as 66% of the broadband, fibre and DSL (digital subscriber line) users in India struggle with either connection disruption issues or lower speed received than promised or paying for, shows a survey conducted by LocalCircles.   “At the same time, while 56% of broadband, fibre...

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Moneylife Digital Team 12 February 2022
Rahul Bajaj, former chairman of Bajaj Auto Ltd, and one of India’s best known and highly regarded industrialists passed away on Saturday after a brief illness. He was 83. Mr Bajaj, who also served as member of Parliament (MP) in the Rajya Sabha during 2006 to 2010, was known for his courage...

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