CITIZENS' ISSUES


No one would perhaps know what was the urgency for the Factoring Bill – it is not as if factoring business was a mushrooming business which needed regulation The Parliament recently passed the Factoring Regulation Bill 2011 (‘Factoring Bill’ or ‘Bill’) . Given the fact that several other...

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Moneylife Digital Team 02 February 2012
Think twice before you accept free mediclaim offer for being a valuable credit card holder. If you  bite the bait, you may end up not just paying for the mediclaim but also running around to get back your money The Consumer Disputes Redressal Commission, Gujarat State, dismissed the appeal...

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Moneylife Digital Team 01 February 2012
According to a CRISIL report, despite low penetration of higher education in India and healthy demand for skilled manpower, higher educational institutions are struggling to fill seats and over one-thirds seats in engineering colleges and B-Schools are vacant Low occupancy has impacted the...

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Moneylife Digital Team 01 February 2012
The investigation agency is probing more leads to trace the money sent from India to Singapore and may also arrest more people soon The Economic Offences Wing (EOW) of the Mumbai police, which is investigating the multi-crore Speak Asia scam, may soon arrest some more people involved in the...

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The new RTI rules framed and implemented by the Chhattisgarh government is a clear attempt and snatching a citizen’s fundamental right of access to information and strangulating the RTI Act. Citizens are requested to sent protest letters in large numbers The Right to Information Act (RTI) is...

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 Science is what scientists do! Science is holy and great but scientists need not be that pure, which is the problem today. Science tries to understand nature. Today scientists try and teach nature a lesson or two! “The darkest places in hell are reserved for those who maintain their neutrality...

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Alekh Angre 31 January 2012
Poor box charity money failed to reimburse healthcare expenditure of poor, needy patients The Poor Box Charity Fund (PBCF) in government hospitals, constituted to help poor patients access to healthcare which are not available for free, in reality, has remained unused with no real benefit to...

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Shukti Sarma 31 January 2012
Builders and buyers are silent on all quarters about the irregularities Fountain Square, A mega residential-cum-commercial luxury project on Relief Road, Oshiwara, Jogeshwari (W) is stuck after being served a show-cause notice by the Mumbai Metropolitan Region Development Authority (MMRDA)...

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Moneylife Digital Team 31 January 2012
Even as the government’s move to get data access of the corporate users of BlackBerry has taken a back seat, it has proposed a legal provision to get access to the encrypted data of companies such as Google and Skype. Accordingly, these companies will have to locate part of their IT...

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Moneylife Digital Team 31 January 2012
The New Delhi District Consumer Forum has directed Standard Chartered Bank to pay Rs30,000 as damages to a credit card-holder for harassment caused to him due to an ‘illegal’ demand of over Rs1 lakh. The Forum held that the Bank’s demand of money to remove his name from the defaulter’s list with...

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Moneylife Digital Team 31 January 2012
According to a study by National Centre for Groundwater Research and Training, by 2030, water supply will begin to run out in India, China and the Middle East due to over-extraction of groundwater, which currently makes up 97% of all fresh water available on the planet. Apart from acute drinking...

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Moneylife Digital Team 31 January 2012
The Mumbai Suburban District Consumer Disputes Redressal Forum ordered a builder to pay Rs50,000 to a resident for giving her a smaller flat in a redevelopment building. In 2007, Govind Bajaj Builders had promised her 464sq flat. On possession, she found the flat measured only 300sq ft. She sent...

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Moneylife Digital Team 31 January 2012
The ongoing investigation of black money has led to schemes like national saving certificate, public provident fund (PPF) and post-office bank accounts coming under the scrutiny of investigating agencies. There are reports of huge amounts of unaccounted wealth stashed in such schemes under...

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Moneylife Digital Team 30 January 2012
Even as India bans pyramid schemes under a statute called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, the country continues to be a happy hunting ground for pyramids because our legislation is deliberately unworkable Each pyramid or a multi-level marketing (MLM) company...

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There is a category of people who feel that by suing the government in the Supreme Court Gen VK Singh has ‘lowered’ the dignity of the high office of the Army Chief. It is not merely a question of seeking redress and relief for himself but also his moral duty to vindicate the honour and dignity...

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The participants at the IMW were reminded that if they wanted the freedom to grow, they had it, and there was no point in simply bringing up old issues. The approach was that the IMW heralded a solution oriented future, and was not going to be the complaint centre There is a theory doing the...

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Moneylife Digital Team 27 January 2012
For the purpose of crackdown of these MLMs, the Rajasthan police have formed a Special Operation Group headed by the Additional Director General (ADG) of Police. This is something like Economic Offences Wing (EOW) of the Andhra Pradesh police Following the ongoing probe in the multi level...

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David Moss 27 January 2012
Let’s ask the professors UIDAI cited in its latest report: Do you agree with UIDAI’s assessment of Aadhaar? Do you share their confidence in the project? Did UIDAI ask you in advance, before using your name for their marketing purposes? The Unique Identification Authority of India (UIDAI)...

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Moneylife Digital Team 25 January 2012
It was a Black Day for Pune, reminiscent of the ghastly German Bakery Blast when innocent lives were snuffed out in minutes. Today, it was a maniac driver who went berserk on busy streets killing 9 and injuring 27 within an hour’s drive Santosh Mane, the driver of Maharashtra State Transport...

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Moneylife Digital team 25 January 2012
With much attention on the effects of global warming on the climate system, the recent severe winter weather has heightened global warming scepticism among the general public. Analysis of the most recent observational and modelling data supports links between strong regional cooling trends in...

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