CONSUMER ISSUES


IANS 23 September 2019
Petrol and diesel prices in the country continued to surge for the seventh day on Monday on the back of the ongoing tensions in the Middle East and the US-China trade war.   Petrol rates in Delhi, Kolkata, Mumbai and Chennai were Rs 73.91, Rs 76.60, Rs 79. 57 and Rs 76.83 per litre...

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IANS 20 September 2019
The festival season discount is back, but what would cheer the shoppers more this time are the sharper discounts offered by retailers across categories -- from kitchenware and electronic items to apparels -- to clear off the inventory.   Facing worst sales slowdown in the last two...

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IANS 20 September 2019
With data privacy now becoming hot button, breaches too are common place. However, when the government itself decides to wilfully use data to generate revenue, then questions of propriety are raised for this is proprietary data with the right to it and ownership of it vested with the...

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TruthInAdvertising.org 18 September 2019
The dirt on beauty and personal care products marketed as "clean."   With more and more beauty and personal care products being marketed as “clean,” it’s worth asking: What does that even mean? That the product is nontoxic? Free of chemicals? Organic?   In the absence of a...

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IANS 13 September 2019
To ease liquidity and boost demand, the Reserve Bank of India on Thursday notified the reduction in risk weightage for consumer credit, excluding credit card receivables.   The risk weight for consumer credit, including personal loans, but excluding credit card receivables was reduced...

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IANS 09 September 2019
British Airways (BA) has asked its passengers not to turn up at airports as the biggest strike action in the airlines 100 year history begins on Monday.   More than 1,500 flights have been cancelled as the company was accused of bullying its own staff by union bosses, who warned they...

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Moneylife Digital Team 09 September 2019
The National Company Law Tribunal (NCLT) has begun insolvency proceeding against real estate company Raheja Developers Ltd from the National Capital Region (NCR). As a part of the process, a public notice has been issued informing creditors to submit their claims against the NCR-based...

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IANS 31 August 2019
In a setback for rail passengers, the Indian Railways has decided to restore the service charges on its e-tickets from September 1, which it had withdrawn after demonetisation to promote digital payments.   A senior Railway Ministry official said the Indian Railway Catering and...

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Moneylife Digital Team 31 August 2019
The National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process of debt-ridden real estate major Housing Development and Infrastructure Ltd (HDIL), asking homebuyers to submit their claims for dues to the interim resolution professional (IRP) by 8 September...

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IANS 30 August 2019
Fraudsters have hit a Mumbai-based investment banking analyst who lost Rs 87,000 while buying three beer online via a Unified Payments Interface (UPI)-based digital payments platform.   According to media reports, Radhika Parekh dialed a contact number listed for Star Wine shop which...

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Aravind Natarajan 29 August 2019
Consumers could find themselves badly out of pocket on calling banks on the numbers provided to raise a dispute or make an inquiry. These are special number starting with 1860 that are often mistaken for toll free numbers by ordinary people.   In fact, numbers starting with 1860 are...

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Girish Mittal 28 August 2019
In April 2019, I had applied for a credit card and, to my utter surprise and dismay, it was rejected. I made some enquires and I was told, rejection was due to low credit score. I was in a state of shock because the last time, I checked my credit score, in 2018, it was 800 plus, which is...

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IANS 28 August 2019
In a bid to fill the vacant seats in trains and meet the challenges posed by the roadways and airways, the Indian Railways has decided to give discount of up to 25 per cent to passengers on ticket fares.   According to the Railways, the decision will be applicable in air-conditioned...

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Moneylife Digital Team 23 August 2019
Finance Minister Nirmala Sitharaman on Friday said that banks in India have decided to pass on marginal cost of funds based lending rate (MCLR) rate cuts to all borrowers.   She also said that banks have decided to launch repo rate or external benchmarking-linked loan products, which...

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IANS 22 August 2019
If you are planning to sell your old refrigerator or air conditioner on OLX or Quikr, first make sure that you understand all the nitty-gritties of digital transactions as fraudsters often target users of these platforms to cheat them of money.   If you lack some basic understanding...

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Moneylife Digital Team 16 August 2019
The Reserve Bank of India (RBI) has finally responded to customers being wrongly fleeced by banks and clarified that transactions that have failed due to technical reasons, or when there is no cash withdrawals at automated teller machine (ATM) cannot be counted as valid and bank cannot charge...

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IANS 13 August 2019
The Competition Commission of India (CCI) has found Jaiprakash Associates Ltd (JAL) to be in contravention of the provisions of Section 4 of the Competition Act, 2002, for abuse of dominant position in the market.   The abuse has been identified with independent residential units such...

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IANS 13 August 2019
OYO Hotels & Homes on Monday announced a complimentary insurance cover of upto Rs 10,00,000 for its guests at booking price, across OYO properties in India.   The insurance cover has been launched in partnership with ACKO General Insurance, OYO said in a statement.   "The...

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IANS 09 August 2019
The Supreme Court on Friday upheld the status of homebuyers as financial creditors as per the amendment in the Insolvency and Bankruptcy Code (IBC).   Builders had moved the top court challenging the financial creditors status given to homebuyers. With this judgement, the court has...

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Moneylife Digital Team 08 August 2019
With every rate cut, the media tell you that your home loans and other loans have become cheaper. This, alert borrowers is, a lie. Banks do not reduce the rates in tune with policy rates. And this lie will continue, thanks to Reserve Bank of India’s (RBI's) policy of junking the...

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