PUBLIC INTEREST


Moneylife Digital Team 19 May 2011
Although prima facie, the Speak Asia case appears to be fit for trial under the Prize Chits and Money Circulation Schemes (Banning) Act, the question is since it is not registered in the country, how and where would the proceedings be initiated against the MLM company Speak Asia...

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Moneylife Digital Team 19 May 2011
Experts point out that granting higher FSI for constructing parking lots will give builders huge profits The Maharashtra chief minister recently announced the revival of the parking lot policy for Mumbai which promises extra FSI for private developers in public-private partnership ventures....

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Moneylife Digital Team 18 May 2011
Moneylife Foundation urges the PM and others to completely ban MLM companies in India or bring these companies under the regulation of either RBI or SEBI. Moneylife was the first to expose the Speak Asia online survey scam on 8 October 2010 Moneylife Foundation has been writing against...

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There are no free lunches, no easy money. Yet people often become victim of ‘double-your-money’ or ‘earn-lifetime-income’ schemes. Here’s how to identity and avoid such MLM schemes Nothing comes free in this world, especially money. The universal truth is you need to earn your money by...

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Vinita Deshmukh Vinita Deshmukh 18 May 2011
RTI activist Sanjay Shirodkar has been working to bring Mumbai International Airport Ltd (MIAL) under the RTI Act, since 2007. MIAL has resisted all orders, even going to the High Court on the matter. Shockingly, the public Airports Authority of India (AAI), which has a stake in the company, has...

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Questions have been raised about some aspects of the Bus Rapid Transit System for Mumbai. While it is necessary to address these issues, it is more important not to delay the implementation of such a crucial project that can transform transportation, which is now straining the city and its...

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Yogesh Sapkale Yogesh Sapkale 16 May 2011
At a specially called ‘damage control’ press conference in Mumbai, Speak Asia officials refuse to divulge any details unless journalists sign a non-disclosure agreement with them. The officials also apologise for mentioning the names of ICICI Bank, Bata, Nestle and Bharti Airtel as their clients...

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Moneylife Digital Team 12 May 2011
These traces are within specified limits, but low levels of exposure to a neurotoxin like lead can be hazardous; very large single or long-term intake of copper may cause liver disease The Consumer Education and Research Society (CERS), based in Ahmedabad, has come out with a product-testing...

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Moneylife Digital Team 12 May 2011
The dismissal of petitions filed by Harshad Mehta's mother Rasila Mehta and sister-in-law Rina Mehta may result in banks and financial institutions receiving an additional Rs800 crore to Rs1,000 crore The Supreme Court has upheld notifications issued by the Custodian against stockbroker Harshad...

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Moneylife Digital Team 12 May 2011
Maharashtra housing secretary says notification for this project to be finalised by July. However, nothing appears to have happened on the MoU, signed last year with MCHI, for five lakh houses in five years The Maharashtra Housing and Area Development Authority (MHADA) will, in partnership...

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Moneylife Digital Team 12 May 2011
Are bank managements working to cut the roots of the trade unions? Dhanlaxmi Bank, Federal Bank are doing this, says the monthly journal of Corporation Bank Officers’ Organisation. Dhanlaxmi Bank has denied the charge The outspoken official journal of the Corporation Bank Officers’ Organisation...

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Moneylife Digital Team 11 May 2011
The progress of this MLM company reminds one of the Home Trade scam, where the company spent huge money on advertising and signing mega celebrities like Sachin Tendulkar and Shah Rukh Khan to gain publicity, before duping several people, including the stars Many agents of SpeakAsia, the...

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Moneylife Digital Team 11 May 2011
Third parties, in particular advertisers, have accidentally had access to Facebook users’ accounts, including profiles, photographs and chat, and also had the ability to post messages and mine personal information New York: Hundreds of thousands of Facebook users’ account details could have...

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Vinita Deshmukh Vinita Deshmukh 11 May 2011
If you can’t resist indulging at wayside eateries, or may be even swanky restaurants, you might not know it, but you could be paying for a bout of indigestion or something more serious like hepatitis-B. It’s because we don’t take food safety and hygiene seriously. Section 4 of the RTI Act can...

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Moneylife Digital Team 10 May 2011
MMRDA stops work for violation of rules on a whistle-blower’s complaint; state human rights commission serves notice for improper layout and sanitation Information accessed by RTI activist Sulaiman Bhimani shows that Mumbai-based builder RNA Corporation has violated many rules in the...

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Vinita Deshmukh Vinita Deshmukh 04 May 2011
In the event of a failed ATM transaction and the amount being debited from a customer’s account, the bank must reimburse the customer within 12 days of such a complaint. Otherwise, it is liable to pay a penalty. Hundreds of such cases happen daily, but very few people are aware about this RBI...

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Moneylife Digital Team 03 May 2011
A few points you should keep in mind before completing your collection •     Collectibles must have a market for purchase and sale. When it comes to investment and returns, items which are popular and have an easily accessible market will prove more profitable. •    They should be of...

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Moneylife Digital Team 03 May 2011
The scale depicts the rates of postage, with weight limits being specified in ounces and tolas. It is a miniature brass gem, and it comes with small brass weights. Mr Jayakar got it from chor bazaar. The stamp boxes were acquired from various individuals. One of the three shows fine jaafri work...

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Moneylife Digital Team 03 May 2011
These two tickets, of BB&CI (Bombay, Baroda and Central India) and GIP (Great Indian Peninsular) Railways were found in a scrapbook. The BB&CI ticket is a first-class one, from Marine Lines to Bandra, and costs one rupee, five annas. The date punched on it is 27 Jan 1860. The GIP ticket is...

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Moneylife Digital Team 03 May 2011
A very rare picture, it is a part of a fascinating collection of Mr Jayakar. A Parsi gentleman sold some voluminous scrapbooks to him about 15 years ago. These scrapbooks contain every conceivable bit of information on old Bombay. The gentleman pasted newspaper articles, ads, pictures,...

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