CONSUMER ISSUES


Moneylife Digital Team 11 February 2022
The central consumer protection authority (CCPA) has issued 15 notices to e-commerce entities, and sellers found to be selling non-standard pressure cookers online. This violates the domestic pressure cooker (quality control) order. The Union government has directed conformity to standard and...

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Swap batteries, of course. Why, what did you think?   OK, let’s be serious.   Alternatives to oil are aplenty. Prime minister Narendra Modi-ji wants green hydrogen, Union minister Nitin Gadkari-ji promotes bio-fuel, Tata is making batteries.    (Unfortunately, nobody...

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TruthInAdvertising.org 10 February 2022
Several products marketed as “non-drowsy” contain an ingredient that causes drowsiness, lawsuits in the US claim.   For consumers in need of cold and flu relief that doesn’t knock them out or make them feel sluggish, non-drowsy claims are, shall we say, nothing to sneeze at. But...

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Moneylife Digital Team 09 February 2022
Since FY19-20, Rs58,188.53 crore were collected as user fee at the toll plazas of the National Highways Authority of India (NHAI), the Union government told the Rajya Sabha. Further, since January 2020, about 1.25mn (million) users have received refunds for incorrect deductions by...

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IANS 04 February 2022
The Delhi High Court has restrained banks and housing finance companies from taking any coercive action to recover EMIs from homebuyers over incomplete projects on a plea by a group of homebuyers.   In a recent court order, the bench of Justice Rekha Palli, while hearing a case...

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IANS 04 February 2022
Metaverse does not exist yet but 522 mobile apps are already using the buzzword to gain new users and earn more money via various app stores. Non-fungible tokens (NFTs) are now the second-most mentioned term in conjunction with metaverse, a new report said on Friday.   Data from...

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IANS 04 February 2022
Six Indian call centre companies and their directors have been charged by US authorities in an alleged conspiracy to defraud Americans by posing as officials from the government pension system and the tax agency in tens of millions of phone calls.   Announcing the charges filed in an...

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Nandkumar Saravade 03 February 2022
The Ken, an online publication, recently did a story about unified payment interface (UPI) frauds Quoting an anonymous senior government official, it claimed that not only were reported monthly frauds about 80,000 but that the actual number is five times that figure. The losses to victims, it...

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IANS 03 February 2022
The Competition Commission of India (CCI) on Wednesday said it has imposed penalties of Rs425.53 crore on Apollo Tyres, Rs622.09 crore on MRF, Rs252.16 crore on CEAT, Rs309.95 crore on JK Tyre and Rs178.33 crore on Birla Tyres for indulging in cartelisation.   Beside, the fair market...

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Moneylife Digital Team 01 February 2022
Mobile phone users in India, who are eagerly waiting for the fifth generation (5G) telecom network, the wait only got longer till March next year. The spectrum auction, necessary for 5G, would be conducted in 2022 so that telecom services-providers can roll out 5G services by March 2023....

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IANS 01 February 2022
There have been a host of changes in Customs duty on several items in the Union Budget for 2022-23.   This would mean that imports become more expensive or cheaper usually depending on the change in customs duties.   On the customs duties that have gone up, in the edible oils...

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Moneylife Digital Team 01 February 2022
In a major boost to digital banking, Union finance minister (FM) Nirmala Sitharaman announced that all 150,000 post-offices in India would be connected to the core banking system. If this works, it will enable people to access their account online.  It will be possible to transfer money...

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IANS 31 January 2022
The wife of a Colonel in Indian Army has lodged an FIR with Sarojini Nagar police station here, accusing CISF and a private security company of stealing her ornaments worth Rs 36 lakh.   Sonia Vyas Bhatt alleged that her ornaments were stolen while she was going to meet her husband in...

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Kavitha Kuruganti 28 January 2022
The Food Safety Authority is back in the middle of a controversy related to its primary job—of ensuring safe and wholesome foods (for all citizens). In the name of draft regulations related to GM foods, it is apparently proposing to create such a lax regulatory regime that any genetically...

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IANS 27 January 2022
Amazon has been forced to shut down its 'Sold by Amazon' programme in the US that allowed the e-commerce giant to agree on price with third-party sellers, rather than compete with them.   According to the Washington attorney general's office, Amazon unreasonably restrained competition...

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Moneylife Digital Team 25 January 2022
The Indian government on Tuesday notified the amalgamation of Punjab & Maharashtra Co-operative Bank Ltd (PMC Bank) with Unity Small Finance Bank Ltd (USFBL). Following the amalgamation, all branches of PMC Bank will function as branches of USFBL from 25 January 2022, says Reserve Bank of...

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Moneylife Digital Team 25 January 2022
Household consumption demand in India is lagging fiscal 2020 levels by 3%, according to the latest National Statistical Office estimates on India’s gross domestic product (GDP) for this fiscal. That makes it the worst performer among the expenditure-side components of GDP post-pandemic, says...

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IANS 21 January 2022
The Supreme Court on Friday ordered the real estate firm Supertech to process the refund to homebuyers, who have been affected due to the demolition of its two 40-story towers in Noida.   A bench comprising Justices D.Y. Chandrachud and Bela. M. Trivedi said Supertech should do the...

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IANS 20 January 2022
Air India joined at least nine other international airlines that have modified or cancelled flights to the US amid conflicting reports on what new 5G cell phone services can do to critical airplane technologies.   Carriers are taking a variety of approaches to the spiraling crisis....

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Moneylife Digital Team 19 January 2022
Calling the partnership between State Bank of India (SBI) and Adani Capital Pvt Ltd as ‘worrisome’, the Peoples’ Commission on Public Sector and Public Services (PCPSPS) has asked the Reserve Bank of India (RBI) to reconsider its policy and reverse the deal between the country’s largest...

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