CONSUMER INTEREST


The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.   At the current historic high fuel price levels in the...

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Several users of the State Bank of India (SBI) have been targeted with a phishing scam where hackers have flooded them with suspicious text messages, requesting them to redeem their SBI credit points worth Rs 9,870.   The link associated with the text messages redirects the user to a...

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IANS 25 February 2021
Days after the Congress accused the government of "hiking rail fares", the Indian Railways on Wednesday said that it was levying slightly higher fares for short distance passenger trains only to discourage people from travel which is not most necessary.   In a statement, a Railway...

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IANS 22 February 2021
If you don't agree to WhatsApp's new privacy policy update, you will be able to receive calls and notifications, but will not be able to read or send messages from the app, says a report.   In an email to one of its merchant partners, reviewed by TechCrunch, Facebook-owned WhatsApp...

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IANS 22 February 2021
As petrol and diesel prices soar to record high levels, and petrol nearing the Rs 100 mark across metro cities, around 51 per cent Indians are cutting on their other expenses to manage their spending on fuel prices, showed a survey by LocalCircles.   Around 21 per cent of the...

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IANS 19 February 2021
A website that goes by the name of 'Pradhan Mantri Yojana Loan' and was earlier linked to a Google Play Store app with the same name (the app has now been removed) is luring Indians in providing loans, in exchange for personal identifiable information that can potentially be misused online,...

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Archana Sharma (IANS) 18 February 2021
Continuing its northbound trend in Rajasthan, the price of non-premium petrol crossed the Rs 100-mark for the first time in Sriganganagar district on Wednesday to reach Rs100.13 per litre, while diesel price stood at Rs92.12 a litre.   Despite the recent reduction in VAT by 2% by the...

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Yogesh Sapkale Yogesh Sapkale 18 February 2021
Taking advantage of increased Zoom use and people's fear of intimate moments being exposed, scamsters are using a new extortion method called sextortion. Researchers at Avast claim that they have blocked over 500,000 such attacks, where users were threatened by scammers with a threat to make...

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Moneylife Digital Team 18 February 2021
The Bombay High Court has asked the Maharashtra State Road Development Corporation (MSRDC) how long it would continue to collect toll from commuters on the Mumbai-Pune Expressway, now called the Yashwantrao Chavan Expressway.    Hearing a public interest litigation (PIL) petition...

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IANS 18 February 2021
Amazon documents have revealed the company's strategy to dodge India's regulators, a global newswire reported on Wednesday.   The report said that two more sellers on the e-commerce giant's India platform – merchants in which Amazon had indirect equity stakes – accounted for around 35...

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Moneylife Digital Team 16 February 2021
Taking cognizance of harassment of the telecom subscribers through unsolicited commercial messages or calls and financial fraud committed against the users, the ministry of communications has asked officials to take strict action against erring telemarketers and individuals involved in these...

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IANS 16 February 2021
Several websites are selling fake reviews for goods sold on Amazon Marketplace, according to UK-based consumer group Which?   Cost of the fake reviews starts from 5 pound each and some of the website are selling them even "in bulk," the BBC reported on Tuesday, citing the findings of...

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Moneylife Digital Team 08 February 2021
In an important order, the National Consumer Disputes Redressal Commission (NCDRC) has sentenced Parsvnath Developers Ltd's managing director (MD) and other directors to three years' imprisonment, for failing to refund money and for not complying with its decree, says a...

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The Haryana Real Estate Regulatory Authority (HRERA) has imposed a penalty of Rs2.25 crore against M/s SPS Homes Builders and Developers Pvt. Ltd, M/s Vistaar Group Pvt. Ltd. and M/s Royal Infra Buildtech Pvt. Ltd. for violation of Section 3(1) of the Real Estate (Regulation and Development)...

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Yogesh Sapkale Yogesh Sapkale 25 January 2021
Technological advances are often expected to benefit everyone. However, it appears that only fraudsters are becoming smarter, leaving common consumers an easy prey. Take, for example, the new fraud taking place where fraudsters are obtaining mobile numbers that are mostly similar to toll-free...

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Moneylife Digital Team 19 January 2021
After holding home-buyers as financial creditors as per the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Tuesday accepted an amendment in the IBC as constitutionally valid, which requires no less than 100 or 10% home-buyers to initiate insolvency against builder or developer....

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Moneylife Digital Team 19 January 2021
In a landmark judgement, the Maharashtra Real Estate Appellate Tribunal (MahaREAT) has directed the promoters of Palava Lakeside to refund with interest (at interest of 2% more than the marginal cost of funds-based lending rate—MCLR—of State Bank of India) money paid by two home-buyers, who...

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Moneylife Digital Team 18 January 2021
Cyber Dost, a twitter account managed by the union ministry of home affairs, has warned people about a new scam that informs on adding a nominee to their bank account. “Beware of such spoofed information. Such messages may be trick of cyber criminals to defraud you. Always verify from your...

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TruthInAdvertising.org 18 January 2021
From fairwashing to fragrance, consumers have plenty to watch out for in 2021.   Consumers have a lot to watch out for in terms of deceptive advertising trends in 2021. Here are five TINA.org will be keeping an eye on in the new year. (Not included on the list – but definitely...

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Amitabha Banerjee Amitabha Banerjee 15 January 2021
This is a very complex question, not only because it straddles an entire lifetime, but also because it has strong overtones of emotion, security and comfort which affect different people differently. Let me try to highlight some of the main factors for two groups of people – the newbie...

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