CONSUMER ISSUES


IANS 18 November 2021
In India, the most popular password is "password" and not "123456" as has been widely speculated. Interestingly, Japan is the only other country that had the same top password as India, new research showed on Thursday.   Other common passwords people use in India are "iloveyou",...

Read More



IANS 16 November 2021
Cybersecurity researchers have discovered a new Android Trojan that can circumvent multi-factor authentication on banking apps on smartphones, putting users' financial data and money at risk.   Called 'SharkBot', the Android malware has been found in attacks across Europe and the US,...

Read More



IANS 15 November 2021
A consumer court in Bengaluru has ordered the Karnataka State Road Transport Corporation (KSRTC) to pay Rs 1,000 as compensation to a passenger for failing to pick him up from the designated bus stop.   Sixty seven-year-old S. Sangameshwaran, a resident of Banashankari in the city,...

Read More



Post-COVID-19 and post shortage of chips, the scales are slowly returning, favouring new vehicle buyers. But this is not without a few new hazard warning signals flashing on Indian roads— especially near new automobile showrooms.    Now that the semiconductor (chip) shortage, which...

Read More



Moneylife Digital Team 12 November 2021
Prime Minister Narendra Modi on Friday launched two innovative customer-centric initiatives of the Reserve Bank of India (RBI). The retail direct scheme allows investors to invest in government securities through a free account directly opened with RBI.   The new initiatives from RBI...

Read More



IANS 11 November 2021
Prime Minister Narendra Modi will launch two innovative customer centric initiatives of the Reserve Bank of India on Friday via video conferencing. These initiatives include the RBI Retail Direct Scheme and the Reserve Bank-Integrated Ombudsman Scheme.   The RBI Retail Direct Scheme...

Read More



Moneylife Digital Team 09 November 2021
Banking malware threats are sharply increasing as cybercriminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information, says a report.   The Nokia 2021 Threat Intelligence Report, based on...

Read More



IANS 09 November 2021
Manufacturers will now need to indicate per unit sale price - for instance, cost per kg or per litre - on pre-packed commodities that will allow easier comparison of the prices at the time of purchase for the consumer.   This is being done to safeguard the interest of consumers,...

Read More



IANS 09 November 2021
The Supreme Court (SC) on Monday said a model builder-buyer agreement is an important matter in public interest, which is required in the real estate sector, and sought Centre's reply in the matter.   A bench of Justices DY Chandrachud and A.S. Bopanna told Additional Solicitor...

Read More



IANS 08 November 2021
Scammers have used Google Ads to steal crypto currencies worth $500,000 in a matter of days, a new report showed on Monday, even as cryptocurrencies witness rapid adoption across the world, especially in India.   According to the report by Check Point Research (CPR), scammers are...

Read More



Moneylife Digital Team 08 November 2021
In a significant order, the National Consumer Disputes Redressal Commission (NCDRC) held that a home-buyer is a consumer within the meaning of Section 2 (1) (d) of the Consumer Protection Act since the developer had failed to prove that home-buyer (complainant) is indulging in the business of...

Read More



Moneylife Digital Team 01 November 2021
The Reserve Bank of India (RBI) has issued revised guidelines to banks for opening new current accounts provided the customer has less than Rs5 crore credit exposure, either in cash credit (CC) or overdraft (OD) facility with the respective bank. The relaxation will benefit thousands of small...

Read More



IANS 27 October 2021
Indians paid over Rs263 billion on foreign exchange fees in 2020, of which roughly Rs97 billion were hidden as exchange rate markups on currency conversions, payments, and card purchases and the remaining Rs166 billion were spent on transaction fees, a new report showed on...

Read More



IANS 27 October 2021
In a run-up to the festive season, the Central Consumer Protection Authority (CCPA) took stringent action to safeguard consumer interests issuing 202 notices to entities with regard to country of origin violations in the period between October 16-22.   Out of this, electronic products...

Read More



IANS 27 October 2021
The Centre on Tuesday announced launch of a nation-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders as its violation is a cognisable offence under relevant sections of the BIS Act.   Selling of such sub-standard helmets, pressure...

Read More



Moneylife Digital Team 26 October 2021
In India, almost 94% have reset their life goals following the pandemic. At the same time, for 48% of the respondents, COVID-19 has diminished their confidence in their finances, preventing them from taking the actions necessary to achieve their new goals, according to the findings of a...

Read More



Venkatachari Jagannathan (IANS) 25 October 2021
Boxed by rising input prices, stagnant demand and production, galloping domestic and export freight costs, have forced the safety matches manufacturers to increase the price by Re 1 per box after 14 years.   Yes... You heard it right, the price hike of Re 1 per box sold by retail...

Read More



Moneylife Digital Team 21 October 2021
Edible oil inflation in India will remain in double digits in the near term, even with the recent steep cuts in the import duty by the government due to the country's high import dependence on edible oils, says a research note. Vegetable oil has been among the top-10 principal commodities in...

Read More



IANS 20 October 2021
A smartphone spyware has put personal data of hundreds of thousands of users at risk, like call records/recordings, text messages, photos, browsing history and precise geolocations, the media reported.   The personal data can be pulled from a person's phone because of a security issue...

Read More



IANS 18 October 2021
The delayed withdrawal of monsoon, coupled with flood situation in various parts of the country, soaring fuel prices and the festive season demand have all set the prices of vegetables, especially essentials such as onion and tomato, to shoot up within a week or so.   The Centre has...

Read More

Free Helpline
Legal Credit
Feedback