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Almost 38%-40% complaints to the National Consumer Helpline (1519) were against the e-commerce companies last month, a top government official said on Monday.   "A powerful person in Delhi called me and said, I had ordered two chairs from Amazon and only one has been delivered. I have...

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The state consumer disputes redressal commissions in Assam, Bihar, Haryana, Jharkhand, Karnataka, Maharashtra, Telangana and Uttarakhand have less than 50% disposal rate, adding to the overall pendency of over 600,000 cases at the national, state and district level consumer...

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Digital infrastructure services provider Cloudflare suffered an outage on Tuesday when several popular platforms like Discord, DoorDash, NordVPN, Zerodha, Upstox and others went down for users globally, including in India.   Cloudflare said it identified the issue and rolled out a fix...

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Peter Elkind (ProPublica) 21 June 2022
This story was originally published by ProPublica.   The US Internal Revenue Service (IRS), the Justice Department and Congressional Republicans and Democrats are all trying to put an end to syndicated conservation easements. But with lobbyists like Henry Waxman helping lead the...

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Moneylife Digital Team 21 June 2022
On Tuesday, the indices opened gap up and ended with strong gains on short-covering. On the National Stock Exchange (NSE), 1,759 stocks advanced, 366 declined, and 37 remained unchanged with advance decline ratio of 4.81.   The trend of the major indices on Tuesday’s trading are given...

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Moneylife Digital Team 20 June 2022
Even as Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telecom Nigam Ltd (MTNL) are struggling hard to survive the onslaught, private telcos are now snatching more and more landline subscribers from the State-run telecom companies. In fact, during fiscal 2022, both BSNL and MTNL lost 17%...

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GS Bajpai  and   Neha Kapur (The Leaflet) 20 June 2022
The Supreme Court’s decision to consider banks as promoters for the purpose of the RERA Act will lead to a conundrum in the execution of the three legislations namely, the RERA, the SARFAESI Act, and the IBC. —– On 14 February 2022, the division bench of the Supreme Court consisting...

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The income-tax (I-T) department said on Monday that it carried out search and seizure operations on 15th June at the premises of a leading industrial group in Chennai engaged in the business of manufacturing of IMFL (Indian made foreign liquor), logistics, hospitality and entertainment, for...

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The Central Bureau of Investigation (CBI) is conducting raids at the office of the joint drug controller of the central drugs standard control organization (CDSCO) in connection with a bribery case.   CBI said the raids were going on in Delhi.   A source said that Eswara...

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Moneylife Digital Team 20 June 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked all stock brokers to name and tag bank and demat accounts to reflect the purpose for which those bank and demat accounts are being maintained by, 30 June 2022.    In a circular, SEBI says, "Credit of securities...

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Moneylife Digital Team 20 June 2022
The Reserve Bank of India (RBI) has cancelled the licence of Davangere-Karnataka-based Millath Co-operative Bank Ltd due to inadequate capital and lack of earning prospects.    RBI says, “Millath Co-operative Bank does not have adequate capital and earning prospects. As such, it does...

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Moneylife Digital Team 20 June 2022
We had mentioned in Friday’s closing report that Nifty and Sensex were under strong selling pressure. On Monday, the indices opened gap up and ended with gain. On the National Stock Exchange (NSE), 396 stocks advanced, 1,744 declined and 45 remained unchanged with advance decline ratio of...

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Sucheta Dalal Sucheta Dalal 18 June 2022
A few months ago, an 80-year-old diabetic person suffered the trauma of being inadvertently locked up in a bank when he had gone to access his locker. When the issue was escalated to the top brass at the Reserve Bank of India (RBI), it was felt that he ought to be given a token compensation....

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We are all familiar with the impossible trinity posited by Robert Mundell and Marcus Fleming, which states that in its economic policy, a country can choose any two of the following, but not all three, a fixed exchange rate; an independent monetary policy and free flow of capital....

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Moneylife Digital Team 18 June 2022
While stating that the income tax appellate tribunal (ITAT) at Kolkata had committed a serious error in setting aside the orders of the commissioner of I-T for appeals [CIT(A)], the Calcutta High Court (HC) ruled in favour of the tax department. The case is related to bogus claims of...

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Vinita Deshmukh Vinita Deshmukh 18 June 2022
That the Right to Information (RTI) Act empowers all is again reflected in the state information commission at Nagpur allowing a second appeal hearing of a death row convict. The hearing was conducted through video conferencing from Nagpur central prison on 15 June 2022.   The video...

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Instead of providing ease of life, technology is becoming a disruptor and throwing more challenges at ordinary people every day. Uninterrupted electricity supply is crucial to all our lives today. So, fraudsters have found this a perfect weakness to exploit by threatening a power cut on the...

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The ability to be discreet, to build trust in yourself and, through you, in the organisation; to keep your word and, therefore, to build credibility - can make big demands on a manager. Is it possible always, to be honest? Is there sufficient room for grey areas—through which one can...

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Moneylife Digital Team 18 June 2022
We had mentioned in previous week’s closing report that Nifty, Sensex were under pressure on inflation and rate hikes and all eyes were on US inflation data.   The major indices opened lower this week and closed with loss.     On Monday, the indices opened gap down...

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WordTune is a Chrome extension which helps you convert your thoughts into words. Whether it is Gmail, LinkedIn, Facebook, Twitter or WhatsApp, WordTune will always be there to help you say exactly what you mean through clear, compelling and authentic writing. Just add the extension to Chrome....

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