PUBLIC INTEREST


Moneylife Digital Team 22 May 2012
Dumping your old TV, mobile phone or laptop into the garbage bin or selling them to a local scrap dealer is now illegal. The new, e-Waste Management and Handling Rules, 2011, make it mandatory for consumers to route their e-waste for recycling through collection centres established by the...

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Moneylife Digital Team 22 May 2012
The Chandigarh Consumer Disputes Redressal Forum has directed a private sector bank to pay Rs15,000 to its customer for unnecessarily listing him as defaulter in the Credit Information Bureau India Limited’s (CIBIL) list, reported Indian Express. According to complainant Bhajan Pal, in 2003, he...

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The BMC is proposing to construct a 1.3 km Ghatkopar-Mankhurd viaduct. Is the flyover being planned with the intention of increasing mobility of people or motor cars? After the commencement of the Mumbai Urban Transport Project (MUTP), a partially World Bank funded project, the Government of...

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Moneylife Digital Team 21 May 2012
NGOs and social activists have together written a letter to the BMC and Mumbai Police chiefs supporting the BMC staff for taking effective action against encroachments like hawkers and structures in Dadar station area Leading civic activists and non-governmental organisations from Mumbai have...

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Moneylife Digital Team 19 May 2012
What is not final is the governmental policy decision on the aspects to which the Western Ghat report submitted by Prof Gadgil panel relates, the High Court said The Delhi High Court, while upholding the order passed by Shailesh Gandhi, Central Information Commissioner (CIC), has asked the...

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Kim Barker (ProPublica) 19 May 2012
A woman in upstate New York is surprised to find a contribution to the Wisconsin governor's campaign on her credit card When MaryAnn Nellis tried to pay for groceries on April 14, her credit card was declined. Later, she said, she found out why: Her credit card company, Capital One, had...

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One of the landmarks in the birth of the digital bush telegraph is the story of how moneylife.in, the financial and news website, handled the news that the first citizen of the land, President Pratibha Patil, illegally got large tract of army land in Pune for a palatial retirement home It could...

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Moneylife Digital Team 18 May 2012
According to BCCI chief administrative officer Ratnakar Shetty, MCA officials should be appreciated for the extreme restrain shown by them in the face of abusive language being hurled on them Mumbai: The Mumbai Cricket Association (MCA) on Friday banned Kolkata Knight Riders' co-owner and...

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Megha Rajagopalan (ProPublica) 18 May 2012
Years after the world's scariest computer virus attack, not much has changed Last week, the Department of Homeland Security revealed a rash of cyber attacks on natural gas pipeline companies. Just as with previous cyber attacks on infrastructure, there was no known physical damage. But security...

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Jesse Eisinger (ProPublica) 17 May 2012
When banks are in trouble, they often mislead the world about their financials. Maybe JPMorgan disclosed everything properly about its $2 billion loss, but that's what we need to determine. The Securities and Exchange Commission and the Federal Bureau of Investigation are looking into...

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Moneylife Digital Team 16 May 2012
The National Consumer Commission, while upholding State Consumer Forum’s decision, questioned why an Ayurvedic practitioner administered allopathic medicines without any knowledge of the same The National Consumer Disputes Redressal Commission (NCDRC) while dismissing a revision petition...

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Following the death of his daughter due to medical negligence in Delhi’s posh Max Hospital, the aggrieved father invoked 50 RTI applications in various departments to seek justice. Last week’s order by CIC Shailesh Gandhi provides some hope Death due to medical negligence is common...

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Top bureaucrats and chairmen of banks and public sector entities (barring a few honourable exceptions) are guilty of corruption and looting of public assets. However, their political godfathers ensure that they escape strict action One reason for large-scale corruption and the brazen loot of...

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Even after a 20-year effort, the special court is discussing the possibility of pushing the hearings. The only major beneficiaries have been India's lawyers, whose incomes rose by a factor of 10 or more In a letter to The Economic Times, Harshad Mehta’s widow, Jyoti Mehta, made some...

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Moneylife Digital Team 14 May 2012
According to Rajan Alexander of Dev Consult Group, which tracks international weather forecasts, the El Niño appears to be virtually struggling to establish itself for the last couple of months. Experts say that considering that the large part of country is already in a drought-like situation,...

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Moneylife Digital team 14 May 2012
According to an analysis by Barron's, a US financial magazine, only by digging into the footnotes of reports, and checking other regulatory filings, can one estimate that their earning tables leave out 90% of Herbalife's distributors and almost 95% of Nu Skin's. More importantly, it documents...

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Tax-paying middle-class must come out of its cynicism while grassroots agitators must learn to be less suspicious of them A 5th May article in The New York Times by Tyler Cowen (titled “Never Mind Europe. Worry About India”), widely circulated on email lists, says India’s decelerating growth,...

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Moneylife Digital Team 14 May 2012
Biometrics is not the only problem, the enrolment process and authentication systems are also emerging as serious issues with the UID or Aadhaar identification project. This is also forcing banks to search for other alternatives for payment authentication Lost cards, fake and frivolous...

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Moneylife Digital Team 12 May 2012
RPN Singh, minister of state, MCA in written reply in Lok Sabha said that, “There is no separate activity code to identify multi level marketing (MLM) companies.” Surprisingly, such a reply from MCA comes at a time when ministry of consumer affairs is drafting guidelines for MLMs While many...

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Moneylife Digital Team 11 May 2012
The ministry of health and family welfare has set up a three-member committee to examine validity of the scientific and statutory basis adopted for approval of new drugs without clinical trials. The committee has been asked to submit its report within two months The ministry of health and...

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