CONSUMER ISSUES


Who would have thought that accessing a bank locker would turn into a dangerous expedition, especially for senior citizens? Last week, we carried a report on how an 80-year-old diabetic man spent an entire night in Union Bank’s locker room due to the negligence of the Bank's staff. He...

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Moneylife Digital Team / IANS 08 April 2022
The Supreme Court (SC) on Thursday held that consumer courts can grant relief to flat purchasers who are aggrieved with delay in handing over of the flat as per the apartment buyers agreement.   A bench, headed by justice UU Lalit and comprising justice S Ravindra Bhat and PS...

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Coming to the rescue of stuck home-buyers who had purchased flats under the subvention scheme, the Delhi High Court (HC) has extended the interim stay order in their favour by restraining banks and housing finance companies (HFCs) from taking coercive action against them for recovering EMIs...

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Moneylife Digital Team 01 April 2022
During the past six months, there has been over eight times’ increase in the percentage of consumers concerned about the safety and performance of electric scooters. While the percentage of people planning to buy an electric scooter has declined, many are worried about the vehicle's safety...

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Consumer electronics manufacturers on Thursday said that the prolonged Russia-Ukraine war and China lockdowns will result in significant price hike in the prices of electronic goods by up to 7-10 per cent next month.   Avneet Singh Marwah, CEO of Super Plastronics Pvt. Ltd, an...

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Moneylife Digital Team 31 March 2022
India has a massive base of consumers from the middle-class and above, who buy a variety of high-value products, including automobiles, gadgets, white goods, consumer electronics, and appliances. However, nearly one in two Indian consumers got stuck with one or more high-value products with...

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Based on the notices issued by the Central Consumer Protection Authority (CCPA) against misleading advertisements, 13 companies withdrew misleading advertisements and three agreed for corrective advertisement, the Lok Sabha was informed on Wednesday.   "The CCPA also imposed penalties...

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In a bizarre incident, thousands of mobile users in the US received spam texts from their own phone numbers, and leading telecom carrier Verizon Wireless now say there are "bad actors" behind the spam.   In some users' case, the spam link forwarded them to Channel One Russia, a...

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The recent tragic incident in Tamil Nadu's Vellore district where a man and his daughter died after their e-bike went up in flames has woken up the government, and the Union road transport and highways ministry has ordered a probe.   The government has asked independent experts to...

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An 89-year-old man had to spend a night in a bank's locker room here due to the negligence of the bank staff.   The man had to spend 18 hours in the bank after the staff locked the premises and left on Monday.   The shocking incident occurred in Union Bank of India's branch in...

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A large number of personal-care cosmetic products (PCCPs) in India contain harmful micro-plastics and the micro-beads, released from items of daily use, pose a serious threat to the environment, particularly the marine ecosystem, a new study released on Thursday said.   Micro-beads...

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Moneylife Digital Team 22 March 2022
With the advent of digital systems and consequent digital or online banking, there has been a rapid increase in cyber frauds worldwide. The Indian banking industry is no exception for the same. Cyber financial scams in banking mainly include cons that have taken place in automated teller...

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State-owned oil marketing companies (OMC) on Tuesday raised petrol and diesel prices after more than four months of stable rates.   Accordingly, the increase in selling price, which includes state levies, Central excise and cess amongst other factors, came days after an astronomical...

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TruthInAdvertising.org 17 March 2022
Celebrity ads use star power to convince consumers to buy whatever product they are selling. Is that lip gloss going to make your lips look like luscious, shiny flower petals after a spring rainfall? Or is it basically sparkly paste, attracting stray hairs and bits of fuzz all day? Pfft, who...

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Exorbitant jet fuel prices on the back of high crude oil costs are expected to drive up domestic air fares from their current levels.   In recent days, fares have risen by around 20%-25% on most domestic routes on a month-on-month (m-o-m) basis. With ATF (aviation turbine fuel) prices...

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Continuing hostilities between Russia and Ukraine are set to impact the domestic selling prices of wheat and sunflower oil.   Both countries produce massive quantities of wheat, while Ukraine is one of the world's largest sunflower seeds exporters.   Though India is...

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A whopping 93 per cent Indians agree that simple Front of Pack Labelling (FOPL) on all food and beverage is a necessity, according to a study by researchers at the All India Institute of Medical Sciences (AIIMS) released on Monday.   An FOPL is regarded as the most effective policy...

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Moneylife Digital Team 28 February 2022
A couple of weeks ago, there was a furore on Twitter when several people found to their shock that their credit reports showed loans that they had never availed. Some discovered these when their credit scores dropped without reason and others when they began to get calls from recovery...

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IANS 23 February 2022
The Supreme Court on Wednesday imposed fine on various state governments for non-compliance of its order to fill up vacancies in district and state consumer commissions.   Sending a strong message to the state governments, a bench comprising Justices SK Kaul and MM Sundresh said the...

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IANS 22 February 2022
In a possible identity theft at a mass level, several Indians have been left high and dry on discovering unaccounted outstanding loans from IndiaBulls-owned fintech platform Dhani on their credit history records.   In the past couple of days, several victims -- from celebrities like...

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