CITIZENS' ISSUES


Where are the new banking licences and other measures of last year’s Budget? It’s approaching that time of the year when one pulls out old Budget speeches to check for promises made and delivered by the finance minister (FM). What stands out is the Budget of 2010, soon after Pranab...

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Moneylife Digital Team 06 February 2012
In a statement, the Team Anna member said the Prime Minister and the then Finance Minister is not justified in allowing a huge loss being caused to the country for saving the government and continuing in offices Noted lawyer and Team Anna member, Shanti Bhushan has said that after the recent...

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Moneylife Digital Team 06 February 2012
While intention of the state government may be genuine, its new guidelines for direct selling companies will not curb the menace of MLMs but in fact would shield them The guidelines being framed by the Kerala state government to distinguish a genuine direct selling company from fake one are...

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The Supreme Court has restored our hopes with three very effective blows against the government At a time when ordinary Indians, struggling against mind-numbing corruption, were feeling rather despondent at the Anna Hazare movement having slowed down, the Supreme Court of India has delivered...

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Moneylife Digital Team 04 February 2012
Dr Swamy, who exposed the shady nexus between politicians, bureaucrats, media & lobbyists, is the chief guest at Moneylife Foundation’s second anniversary function on Sunday at Mumbai Now that the Delhi trial court has dismissed Dr Subramanian Swamy’s petition to prosecute P Chidambaram,...

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Moneylife Digital Team 04 February 2012
In a little reprieve to Home Minister, the special court dismissed the plea of Dr Swamy to make Mr Chidambaram co-accused in the 2G spectrum allocation scam Dr Subramaian Swamy, president, Janata Party said he will file an appeal in the High Court and place more evidence on record after his...

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No one would perhaps know what was the urgency for the Factoring Bill – it is not as if factoring business was a mushrooming business which needed regulation The Parliament recently passed the Factoring Regulation Bill 2011 (‘Factoring Bill’ or ‘Bill’) . Given the fact that several other...

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Moneylife Digital Team 02 February 2012
Think twice before you accept free mediclaim offer for being a valuable credit card holder. If you  bite the bait, you may end up not just paying for the mediclaim but also running around to get back your money The Consumer Disputes Redressal Commission, Gujarat State, dismissed the appeal...

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Moneylife Digital Team 01 February 2012
According to a CRISIL report, despite low penetration of higher education in India and healthy demand for skilled manpower, higher educational institutions are struggling to fill seats and over one-thirds seats in engineering colleges and B-Schools are vacant Low occupancy has impacted the...

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Moneylife Digital Team 01 February 2012
The investigation agency is probing more leads to trace the money sent from India to Singapore and may also arrest more people soon The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the multi-crore Speak Asia scam, may soon arrest some more people involved in the...

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The new RTI rules framed and implemented by the Chhattisgarh government is a clear attempt and snatching a citizen’s fundamental right of access to information and strangulating the RTI Act. Citizens are requested to sent protest letters in large numbers The Right to Information Act (RTI) is...

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 Science is what scientists do! Science is holy and great but scientists need not be that pure, which is the problem today. Science tries to understand nature. Today scientists try and teach nature a lesson or two! “The darkest places in hell are reserved for those who maintain their neutrality...

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Alekh Angre 31 January 2012
Poor box charity money failed to reimburse healthcare expenditure of poor, needy patients The Poor Box Charity Fund (PBCF) in government hospitals, constituted to help poor patients access to healthcare which are not available for free, in reality, has remained unused with no real benefit to...

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Shukti Sarma 31 January 2012
Builders and buyers are silent on all quarters about the irregularities Fountain Square, A mega residential-cum-commercial luxury project on Relief Road, Oshiwara, Jogeshwari (W) is stuck after being served a show-cause notice by the Mumbai Metropolitan Region Development Authority (MMRDA)...

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Moneylife Digital Team 31 January 2012
Even as the government’s move to get data access of the corporate users of BlackBerry has taken a back seat, it has proposed a legal provision to get access to the encrypted data of companies such as Google and Skype. Accordingly, these companies will have to locate part of their IT...

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Moneylife Digital Team 31 January 2012
The New Delhi District Consumer Forum has directed Standard Chartered Bank to pay Rs30,000 as damages to a credit card-holder for harassment caused to him due to an ‘illegal’ demand of over Rs1 lakh. The Forum held that the Bank’s demand of money to remove his name from the defaulter’s list with...

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Moneylife Digital Team 31 January 2012
According to a study by National Centre for Groundwater Research and Training, by 2030, water supply will begin to run out in India, China and the Middle East due to over-extraction of groundwater, which currently makes up 97% of all fresh water available on the planet. Apart from acute drinking...

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Moneylife Digital Team 31 January 2012
The Mumbai Suburban District Consumer Disputes Redressal Forum ordered a builder to pay Rs50,000 to a resident for giving her a smaller flat in a redevelopment building. In 2007, Govind Bajaj Builders had promised her 464sq flat. On possession, she found the flat measured only 300sq ft. She sent...

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Moneylife Digital Team 31 January 2012
The ongoing investigation of black money has led to schemes like national saving certificate, public provident fund (PPF) and post-office bank accounts coming under the scrutiny of investigating agencies. There are reports of huge amounts of unaccounted wealth stashed in such schemes under...

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Moneylife Digital Team 30 January 2012
Even as India bans pyramid schemes under a statute called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, the country continues to be a happy hunting ground for pyramids because our legislation is deliberately unworkable Each pyramid or a multi-level marketing (MLM) company...

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