CONSUMER INTEREST


The Supreme Court on Tuesday asked the Central government to come up with a solution to protect the interests of home-buyers.   A bench of Justices AM Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved home-buyer of...

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Sumit Saxena (IANS) 09 July 2019
The Supreme Court has issued notice to the country's leading real estate developer Niranjan Lakhumal Hiranandani and 25 others in a case of criminal conspiracy to allegedly cheat the Employees' Provident Fund Organisation (EPFO) by not depositing provident fund dues of the company's employees...

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In a bid to promote digital payments and curb black money, Union Finance Minister Nirmala Sitharaman on Friday proposed tax deduction at source (TDS) of two per cent on cash withdrawals exceeding Rs 1 crore in a year from a bank account.   "Our Government has taken a number of...

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Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise duty (SAED) of Re 1 and a road and infrastructure cess of Re 1 per litre on both the transport fuel while presenting the Union Budget...

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Moneylife Digital Team 04 July 2019
A public interest litigation (PIL) filed by Moneylife Foundation was heard by the Supreme Court on Thursday. The bench of Chief Justice Ranjan Gogoi and Justice Deepak Gupta deferred the matter to 15 July 2019 as per request from senior counsel Arvind Datar, representing Moneylife...

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Aditya Joby 01 July 2019
Raghuvendra Sharda, a.k.a Kiku Sharda, a popular comedian from The Kapil Sharma Show, recently played a part in a very favourable judgment under the Maharashtra Real Estate Regulatory Authority (MahaRERA), not only for him, but also for countless homebuyers.    Mr Sharda had booked...

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Dr Nita Mukherjee 25 June 2019
Sometime on the morning of Sunday 26th May, I received a typical marketing SMS from Tata Sky congratulating me as I had been ‘awarded’ a free trial subscription for a month for Tata Sky Binge. Binge is a product that Tata Sky has on offer that allows access to various Internet-based streaming...

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Yoga guru and ayurveda tycoon Baba Ramdev on Wednesday called for "zero tolerance" to those found guilty of indulging in adulteration of food and manufacturing spurious medicines and demanded they be sentenced to life imprisonment.   "This is one of the most heinous forms of crime...

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Sumit Sharma 19 June 2019
A personal accident policy and a happy family floater policy are usually sufficient for most individuals and families to head out for a holiday. Or that’s what a honeymooner thought.    The following is a case of a person holding all relevant policies but different interpretation of...

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Moneylife Digital Team 19 June 2019
A Bandra based couple has registered a complaint against two men for allegedly defrauding them of Rs50 lakh. The accused have been booked under Sections 420, 405 and 463 of the Indian Penal Code.    Mount Mary Road resident - Hassanaly Dossani was introduced to the two brothers...

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In a bid to get first-hand information from railway passengers, Railway Board Chairman Vinod Kumar Yadav has asked all General Managers and other senior officials to travel by trains frequently.   In a letter written to all the General Managers on June 13, Yadav told them to file...

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Facing severe water shortage and high vegetable prices, restaurants/hotels serving South Indian meals are mulling ways to tackle the situation, including stopping lunch meals, said an official of a hotel association.   "It is a major crisis faced by the hotels in Chennai and also in...

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Krishna Nair  and   Aditya Joby 17 June 2019
The Real Estate Regulatory Authority (RERA), set up to ensure safety and security of realty transactions by mandating that people only deal with registered and regulated entities, is already being manipulated.    The game-changing RERA legislation of 2016 has been adopted by 20...

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ANJANA DAS (IANS) 10 June 2019
Withdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory.   In its push towards a digital economy, the central...

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Sumit Sharma 10 June 2019
Bombay Hospital, which has a capacity of more than 800 beds and is also a post-graduate teaching institute, was told its practice of  overcharging on medicines sold to a patient while being treated at its main operation theatre was an unfair practice.    The South Mumbai District...

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Moneylife Digital Team 06 June 2019
The Reserve Bank of India (RBI) has decided to do away with its charges levied on transactions processed in the real time gross settlement system (RTGS) and national electronic funds transfer (NEFT) systems. The Central bank has also asked banks to pass the benefits to their customers who use...

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Many people crib about bad products and services but procrastinate when it comes to filing a formal complaint, especially if the company refuses to redress the grievance and it needs to be escalated to a consumer forum or other appropriate authority.   Often, consumers end up filing...

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Sumit Sharma 29 May 2019
In a judgment that brings relief to millions of home-buyers, a consumer court has ruled that a home buyer is well within his rights to demand refund of the entire amount paid, along with a nominal interest rate, if the flat has not been delivered even after a delay of one year from the...

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India witnessed a dip in mobile speeds in April 2019 with its rank remaining at 68th position in fixed broadband speeds globally and has declined in ranking to 121 in mobile speeds, Ookla, the company behind Speedtest, said on Monday in updates to its Speedtest Global Index for April...

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Real estate title insurance giant First American Financial Corp. had leaked a whopping 885 million sensitive customer financial records, going back to 2003, on its website for everybody to access.   According to KrebsOnSecurity.com, a website that covers computer security and cyber...

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