CONSUMER INTEREST


Moneylife Digital Team 17 February 2020
Google has decided to wind down its Station program, as part of which it worked with a number of other partners to roll out free Wi-Fi at stations in India and in several other public places around the globe, says a report from TechCrunch.   Quoting Caesar Sengupta, vice president...

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Moneylife Digital Team 12 February 2020
While some bank depositors were feeling happy about increase in deposit insurance to Rs5 lakh from Rs1 lakh, the Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced a 20% increase in its premium on deposit insurance. Given the five times increase in insurance cover on...

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Moneylife Digital Team 11 February 2020
By 2024, as much as 43%-48% of new three-wheelers (excluding e-rickshaws), and 12%-17% of new two-wheelers sold in India will be electric vehicles (EVs) while cab aggregators to steer e-car sales, a study by CRISIL research shows.    However, the ratings agency says, traction for...

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IANS 07 February 2020
In its ninth consecutive cut in MCLR by a bank in the current fiscal, India's top lender State Bank of India (SBI) on Friday aannounced a cut in the retail fixed deposits or FD rates effective from February 10.   The reduction in MCLR by the bank comes a day after the RBI left the...

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IANS 07 February 2020
The Health and Family Welfare Ministry has proposed the draft amendment to the Drugs and magic Remedies (Objectionable Advertisements Act, 1954), with a stringent punishment of a jail term of up to five years and a fine of up to Rs 50 lakh for advertisements for magic remedies and drugs for...

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IANS 07 February 2020
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Commerce Ministry is examining complaints alleging predatory pricing and excessive discounts on e-commerce platforms, Parliament was informed on Thursday.   "Representations have been received in this...

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IANS 06 February 2020
In a major step to boost growth and lift sentiment, the Reserve Bank of India (RBI) has eased cash reserve ratio (CRR) requirement of commercial banks for sectors with multiplier effect such as automobiles, residential housing and MSMEs.   Some of the key non-banking finance companies...

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IANS 06 February 2020
Security researchers on Wednesday warned that cyber criminals could exploit an Internet of Things (IoT) network - smart light bulbs and their control bridge—to launch attacks on conventional computer networks in homes, businesses or even smart cities.   The researchers from...

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IANS 05 February 2020
In the 2020-21 Union Budget statement, Finance Minister Nirmala Sitharaman has announced an additional 5 per cent health cess on imports of medical devices. In the current scenario, India imports over 70 per cent of its medical device, with a fourth of them coming from the...

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Moneylife Digital Team 01 February 2020
Finance minister (FM) Nirmala Sitharaman on Saturday increased the bank deposit guarantee limit to Rs5 lakh from Rs1 lakh. However, there is no clarity on who will pay for the increase in premium for the five times higher risk coverage. Moneylife and Moneylife Foundation, which work for...

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IANS 31 January 2020
A data breach has hit one of India's largest privately-held carriers, SpiceJet, affecting 1.2 million passengers in the country.   Security researchers who first revealed the data breach told TechCrunch that they gained access to the carrier's systems by brute-forcing the system's...

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Moneylife Digital Team 31 January 2020
Banking operations were largely affected in the country on Friday due to strike called by bank employees pressing for immediate conclusion of 11th bipartite settlement on wage revision and service conditions. The United Forum of Bank Unions (UFBU), organisation of five employee unions and...

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IANS 30 January 2020
More than hackers, people are worried about friends, family and others who can listen to their conversations via smart speakers, reveals new research.   A survey by University of British Columbia (UBC) researchers in Canada found that people feared potential misuse of the device from...

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Subhash Narayan (IANS) 30 January 2020
You may not have noticed it but the price of subsidised cooking gas rose by an average of Rs10 per cylinder in the July-January period of current fiscal taking the price paid by common man for fuel closer to market rates.   The good news is that with the developments in past few...

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Moneylife Digital Team 29 January 2020
In a landmark regulation on anti-counterfeiting, US president Donald Trump has shifted the liability for counterfeits from third parties to platforms like Amazon. Jeff Bezos, the chief of Amazon, has been able to sidestep any liability for counterfeit goods, but the Trump Administration's...

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IANS 29 January 2020
Taking the idea of banning passengers for their unruly behaviour onboard a flight from the airlines, the Indian Railways is also mulling to ban such passengers who pose a threat to fellow travellers, railway ministry officials said on Tuesday.   A senior railway ministry official in...

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IANS 29 January 2020
The Supreme Court on Tuesday said that airlines not obliged to escort every passenger who has boarding passes to the boarding gate, and passengers are at their own discretion to seek assistance from ground staff.   A bench comprising Justices A.M. Khanwilkar and Dinesh Maheshwari...

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IANS 28 January 2020
After a sensational investigation found that popular Avast antivirus -- installed on nearly 435 millions Windows, Mac and mobile devices globally -- harvested users' data via browser plugins and then sold it to third parties, including Microsoft and Google, the company on Tuesday said it has...

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NISHANT ARORA (IANS) 27 January 2020
From cops on duty to young lads in small-town India, Chinese short-video making app TikTok has become a rising phenomenon, owing to a strong local network, while providing marketers with a platform to reach millions of untapped users.   TikTok has 700 million users globally, out of...

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India, which is one of the largest markets for telecom companies, especially for mobile services, is witnessing a decline in subscribers. At the same time, subscriber complaints are skyrocketing about poor service and network quality of all mobile service providers -- Reliance Jio, Bharti...

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