CONSUMER ISSUES


Apart from the daily wagers, who are facing problems of livelihood, seasonal mechanics are also bearing the brunt of the corona lockdown. Every year at the onset of summers, the AC and Cooler mechanics have ample business to do, but due to the lockdown the work is stalled, and business is...

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Dr Philip Kotler 06 April 2020
The coronavirus COVID-19 is spreading relentlessly through the world creating a trail of death and destruction. The world is in danger of falling into a Great Depression, with millions of workers being rendered unemployed across the globe. The impact will especially hit the poor—both in...

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Moneylife Digital Team 06 April 2020
Life Insurance Council, the face of the Indian life insurance industry, on Monday said that all life insurers, public and private, are committed to process any death claim pertaining to coronavirus (COVID-19) at the earliest. The Council also confirmed that the clause of ‘force majeure’ will...

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In a major relief for developers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) on Thursday extended the completion deadline for all registered projects by three months.   Further, the authority also extended the time limits of all statutory compliances in accordance...

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PRAMOD KUMAR JHA (IANS) 03 April 2020
The prices of flour (atta), pulses, 'besan' and edible oils have gone up due to disruption in the supply chain following the 21-day countrywide lockdown called to contain the coronavirus pandemic.   Wheat flour (atta) saw a rise of Rs 5 per kg, whereas 'besan' rose by Rs 10-12 a kg....

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Moneylife Digital Team 02 April 2020
The Maharashtra State Consumer Disputes Redressal Commission has decided to defer cases listed during the lockdown period by four months to August and October 2020.    In a notice, the Commission says, matter listed before the Mumbai bench up to 15 April 2020 stand adjourned to August...

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The Government has allowed motor and health insurance policy holders to defer payment of their renewal premium falling due during the period of the lock-down.   The finance ministry in a notification has allowed third party motor insurance premium dues falling during the period of...

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Moneylife Digital Team 01 April 2020
Last week, the Reserve Bank of India (RBI) permitted financial institutions, including banks, to allow a moratorium for three months on repayment of all term loans. However, many borrowers have been asking several questions on how exactly this moratorium will be implemented and if they can...

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A week into the nationwide lockdown and online delivery platforms like Bigbasket and Grofers are still suffering from operational issues along with lack of manpower to even fulfill the orders they accepted before the lockdown came into force from March 24th midnight.   After the...

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Moneylife Digital Team 01 April 2020
Banks across the country have been asked to dispense with ‘skeletal’ staff requirement and work in full strength to handle relief measures amidst the corona virus (COVID19) outbreak. However, this move hampers the social distancing or break the chain norms that everyone is required to...

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Moneylife Digital Team 01 April 2020
The Indian government has reduced the interest rates on small savings schemes by 70 to 140 basis points (bps) for April-June quarter of 2020.    In a notification, the department of economic affairs (DEA), says, public provident fund (PPF) interest rates in the June...

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As grocery stores become the only point of contact for people during the nationwide lockdown, experts advise that people must practice social distancing and take enough precautions while visiting grocery stores.   RS Mishra, Associate Director, Internal Medicine, Max Super Speciality...

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Customers who receive EMI payment notice at the beginning of every month can heave a sigh of relief as banks have decided to defer receiving such payments for a period of three month under the terms of a Covid 19- RBI package announced on Friday.   Several banks, including State Bank...

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The outbreak of coronavirus (COVID-19) has also increased number of threats like phishing emails, fake applications and fake websites. Over the past two months, thousands new portals and applications have emerged that claim to provide one of the other things about COVID-19. However, many of...

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Telecom major Bharti Airtel on Monday announced to extend the validity of pre-paid packs of over 8 crore subscribers till April 17, in view of the coronavirus crisis and the resultant nationwide lockdown.   "Airtel has extended the pre-paid pack validity for over 80 million customers...

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Pramod Kumar Jha (IANS) 31 March 2020
As grocery stores, across the country, are grappling with panic buying and dwindling supplies of fresh stocks, the exodus of labourers have added more fuel to the fire by affecting the entire supply chain of essential commodities, ranging from wheat flour to pulses and biscuits to edible...

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Be ready to pay higher interest on your outstanding loan if you decide not to pay EMIs on your home or auto loan for the next three months under a moratorium announced by by the Reserve Bank of India on Friday.   Analysts and experts tracking the sector said that simple interest rate...

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Moneylife Digital Team 28 March 2020
In a major relief for its customers, the State Bank of India (SBI) has decided to pass on the entire 75 basis points (bps) rate cut announced by the Reserve Bank of India (RBI) to its retail borrowers. At the same time, SBI also decided to reduce interest on deposits by 20bps to...

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Day 2 of COVID-19 lockdown was no different for people who tried to book online delivery of essential items like groceries, milk and vegetables at Bigbasket, Grofers and other online platforms.   To one user's amusement, he got the next delivery slot on Grofers for Monday, April...

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The government has decided to raise excise duty on petrol and diesel significantly, by upto Rs 8 per litre, to mobilise additional resources that would be required to fight the Covid-19 pandemic.   In amendments introduced in the Finance Bill 2020, the Finance Ministry has proposed to...

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