-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and hotels. As per the order, which comes into force starting January 1, 2018, companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
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Card, online payments made safer; customer liability cut
-The Times of India MUMBAI: Electronic payments have become safer for consumers with the Reserve Bank of India (RBI) introducing the concept of 'zero liability' and 'limited liability' for bank customers for any card or online fraud. The central bank has also made it mandatory for banks to register all customers for text message alerts and permit reporting of unauthorized transactions through a reply to the alert message. The proposal to limit...
More »Finance Ministry aims to set up anti-profiteering body by August -Surabhi
-The Hindu Business Line Firms seen to be largely cooperating New Delhi: To clear confusion over the new prices of items under the Goods and Services Tax, the Finance Ministry is working to set up a National Anti-Profiteering Authority to curb any unwarranted price hikes. “The process for selection of members and the Chairman will start soon. We are working to ensure that the authority can be set up by early next month,...
More »Govt to introduce new product pricing rules that bar sales over MRP
-The Hindu From January 1, 2018, the price of a packaged goods would no longer depend on where you bought it – be it a local kirana store, a mall, a five-star hotel or an airport. The Consumer Affairs ministry has amended the rules that govern packaged commodities to this effect. As per the amended Legal Metrology rules for packaged commodities that will come into effect from the next calendar year, the...
More »Prevent farmers' suicides rather than give compensation, SC tells TN -Krishnadas Rajagopal
-The Hindu "Your job is to take steps to prevent farmers’ suicides and not go around distributing compensation after the suicides", the Supreme Court told the Tamil Nadu government on Friday. The court said the “actual job” of the government is to “directly address the ground reality of farmers suicides”. “Your approach has to be preventive and not compensatory,” a Bench of Justices Dipak Misra and A.M. Khanwilkar told Additional Solicitor General P....
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