CONSUMER ISSUES


The Competition Commission of India (CCI) on Monday ordered a thorough investigation into the conduct of online food delivery platforms Zomato and Swiggy which are allegedly involved in delayed payment cycle and exorbitant commissions.   Following a complaint from the National...

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Moneylife Digital Team 01 April 2022
During the past six months, there has been over eight times’ increase in the percentage of consumers concerned about the safety and performance of electric scooters. While the percentage of people planning to buy an electric scooter has declined, many are worried about the vehicle's safety...

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Consumer electronics manufacturers on Thursday said that the prolonged Russia-Ukraine war and China lockdowns will result in significant price hike in the prices of electronic goods by up to 7-10 per cent next month.   Avneet Singh Marwah, CEO of Super Plastronics Pvt. Ltd, an...

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Moneylife Digital Team 31 March 2022
Credit information companies (CICs) or credit bureaus are mandated to share corrected particulars with the specified user or individual within 30 days, the Union government informed the Rajya Sabha.   In a written reply, minister of state for finance Dr Bhagwat Karad says, "As per the...

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Moneylife Digital Team 31 March 2022
Supply disruptions caused by the Russia-Ukraine conflict could lead to a supply shortfall of at least 400,000 tonnes-600,000 tonnes oil for India next fiscal, a CRISIL estimate shows. This, in turn, will have a bearing on the production planning of domestic edible oil processors. At the same...

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Moneylife Digital Team 31 March 2022
India has a massive base of consumers from the middle-class and above, who buy a variety of high-value products, including automobiles, gadgets, white goods, consumer electronics, and appliances. However, nearly one in two Indian consumers got stuck with one or more high-value products with...

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Based on the notices issued by the Central Consumer Protection Authority (CCPA) against misleading advertisements, 13 companies withdrew misleading advertisements and three agreed for corrective advertisement, the Lok Sabha was informed on Wednesday.   "The CCPA also imposed penalties...

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In a bizarre incident, thousands of mobile users in the US received spam texts from their own phone numbers, and leading telecom carrier Verizon Wireless now say there are "bad actors" behind the spam.   In some users' case, the spam link forwarded them to Channel One Russia, a...

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The recent tragic incident in Tamil Nadu's Vellore district where a man and his daughter died after their e-bike went up in flames has woken up the government, and the Union road transport and highways ministry has ordered a probe.   The government has asked independent experts to...

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While the menace of substandard and falsified (SF) medical products is not new in India, such incidents saw a significant increase during the Covid-19 pandemic - rising by 47 per cent from 2020 to 2021, according to a report.   The report by Authentication Solutions Providers'...

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An 89-year-old man had to spend a night in a bank's locker room here due to the negligence of the bank staff.   The man had to spend 18 hours in the bank after the staff locked the premises and left on Monday.   The shocking incident occurred in Union Bank of India's branch in...

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Moneylife Digital Team / IANS 25 March 2022
The National Company Law Tribunal (NCLT) has declared Noida-headquartered realty major Supertech Ltd as insolvent while admitting a plea filed by the Union Bank of India over non-payment of its dues.   The NCLT order is likely to hit over 25,000 home-buyers who have booked their homes...

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A large number of personal-care cosmetic products (PCCPs) in India contain harmful micro-plastics and the micro-beads, released from items of daily use, pose a serious threat to the environment, particularly the marine ecosystem, a new study released on Thursday said.   Micro-beads...

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Moneylife Digital Team 23 March 2022
After facing public outrage over unaccounted loans appearing on the credit reports of people Dhani Loans and Services Ltd (Dhani) has called for a joint action from the digital lending sector to deal with the problem at a systemic level. To begin with, Dhani has requested credit information...

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Moneylife Digital Team 22 March 2022
With the advent of digital systems and consequent digital or online banking, there has been a rapid increase in cyber frauds worldwide. The Indian banking industry is no exception for the same. Cyber financial scams in banking mainly include cons that have taken place in automated teller...

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State-owned oil marketing companies (OMC) on Tuesday raised petrol and diesel prices after more than four months of stable rates.   Accordingly, the increase in selling price, which includes state levies, Central excise and cess amongst other factors, came days after an astronomical...

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TruthInAdvertising.org 17 March 2022
Celebrity ads use star power to convince consumers to buy whatever product they are selling. Is that lip gloss going to make your lips look like luscious, shiny flower petals after a spring rainfall? Or is it basically sparkly paste, attracting stray hairs and bits of fuzz all day? Pfft, who...

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Exorbitant jet fuel prices on the back of high crude oil costs are expected to drive up domestic air fares from their current levels.   In recent days, fares have risen by around 20%-25% on most domestic routes on a month-on-month (m-o-m) basis. With ATF (aviation turbine fuel) prices...

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Shortage of sunflower oil amid the ongoing Russia-Ukraine war has sent crude palm oil prices through the roof.   The geo-political worries in the Black Sea region has a significant bearing on sunflower seed and its oil supply from the region, as both countries involved in the war are...

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Continued hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $95-$125 per barrel in the short to medium term.   On last Friday, the Brent-indexed crude oil price stood at over $112 per barrel. Just a few days...

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