CONSUMER INTEREST


TruthInAdvertising.org 26 August 2020
It's disingenuous for brands to suggest they are boycotting a platform and then still run ads on that platform.   WHAT’S UP As advertisers left Facebook and its subsidiary Instagram in July to protest the company’s handling of hate speech and misinformation, some forgot to take...

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IANS 26 August 2020
The Supreme Court on Tuesday asked SBI Capital (SBI CAP) to begin funding for six housing projects of the Amrapali group, after it informed the top court that so far, it has found only these six to be viable.   A bench of Justices Arun Mishra and UU Lalit directed SBI CAP to begin...

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IANS 25 August 2020
The Supreme Court on Monday said the flat-buyers are entitled to compensation for delayed handing over of possession and for the failure of the developer to fulfil the representations made to them in connection with the provision of amenities.   The top court noted that it cannot be...

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TruthInAdvertising.org 24 August 2020
It’s the new normal: whenever you walk out your door, make sure you have your keys, wallet, phone and mask.   COVID-19 has caused a boom for mask manufacturers, some of which have been less than honest about the merits of their products. A TINA.org reader concerned that he may have...

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IANS 24 August 2020
The Union government has come up with guidelines for the enforcement of the 'rules of origin' for imports under trade agreements.   The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR) will come into effect on September 21, 2020.   The...

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TruthInAdvertising.org 18 August 2020
Influencers tout the benefits of brushing with charcoal toothpaste. But do the products work?   According to people who know things, while the Chinese are credited with inventing the first bristle toothbrush, the Romans were the first to experiment with charcoal in...

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IANS 17 August 2020
Germany's competition watchdog has begun a fresh investigation into whether the ecommerce giant Amazon is abusing its dominant market position in the country.   In an interview with the German media outlet Frankfurter Allgemeine Zeitung (FAZ), the President of the Federal Cartel...

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IANS 14 August 2020
In a major blow to Amazon, a court in California has ruled that the e-commerce giant can be held liable for defective products sold by third-party sellers on its platform.   The ruling by California Fourth District Court of Appeals on Thursday came in response to an alleged incident...

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Moneylife Digital Team 13 August 2020
Since the nation-wide lock-down was announced in the third week of March, there has been a huge impact on various sectors and one of the biggest impacts has been in the electricity bills hat consumers have been receiving.    After the country went through 2-3 rounds of lock-down and...

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Moneylife Digital Team 11 August 2020
The much touted SBI Yono mobile app from State Bank of India (SBI) is down with technical issues giving headache to lakhs of the bank's customers.   Some of them even missed paying EMIs or credit card dues to the malfunctioning of the Yono app.   When a user tries to the app,...

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Moneylife Digital Team 11 August 2020
Life Insurance Corp of India (LIC), the country's largest insurer has launched a special campaign to allow policyholders to revive their lapsed insurance policies in the current corona virus (COVID19) pandemic. This special campaign would run till 9 October 2020, the insurer says in a...

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Subhash Narayan (IANS) 10 August 2020
The Government proposes to bring in regulations that will give rights to the consumer to seek 24X7 electricity supply in their homes and provide them compensation for any deviation from the stated goal.   Sources said that a consumer charter has been introduced in the new tariff...

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Maya M 10 August 2020
On 30 July 2020, the Reserve Bank of India (RBI) extended its directions to the Vasantdada Nagari Sahakari Bank, the Kapol Cooperative Bank and the Maratha Sahakari Bank. All three urban cooperative banks are from Maharashtra.    Mumbai-based Maratha Sahakari Bank was placed under RBI...

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IANS 06 August 2020
In a major development for digital payment services, the Reserve Bank of India (RBI) has decided that payment system operators (PSOs) will have to implement online dispute resolution (ODR) systems in a phased manner.   The RBI has said that, to begin with, authorised PSOs shall be...

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IANS 06 August 2020
The Reserve Bank of India (RBI) has come up with additional measures to curb the use of multiple operating accounts for loans wherein banks have been directed not to open current accounts for customers already availing credit in the form of cash or overdraft (OD).   During the video...

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IANS 06 August 2020
The Reserve Bank of India (RBI) on Thursday added additional shine to gold ornaments and jewellery by allowing banks to give loans up to 90% of the value of such items pledged by borrowers.   At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to...

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IANS 05 August 2020
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurers to issue policy bonds in electronic format during FY20-21 owing to COVID-19 pandemic.   With life insurers expressing difficulty in printing and dispatching policy documents to...

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Last month, Mumbai-based lawyer and human rights activist Flavia Agnes received a call on her mobile from an ‘executive’ telling her that her know-your-customer (KYC) is expired and he can help her to update it over phone.   The caller told the is co-founder of Majlis Legal Centre, to...

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IANS 03 August 2020
ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from August 1.   Post the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers.   With the reduction in rates, ICICI Bank's...

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Moneylife Digital Team 22 July 2020
The new Consumer Protection Act, 2019 (CPA, 2019) which came into effect from 20 July 2020, repealing the earlier enactment of 1986 is already being hailed as a success as it gives more power to consumers. Several consumer activists have welcomed the new Act as it broadens the definition of...

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