-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 »813 farmers on loan waiver list from Mumbai, CM Fadnavis 'surprised'
-PTI MUMBAI: Mumbai city and its suburbs are home to as many as 813 farmers on loan waiver list, a figure which has "surprised" Maharashtra chief minister Devendra Fadnavis who has ordered a scrutiny before sanctioning the waivers. These farmers figure in the list of probable beneficiaries eligible for benefits under the Rs 34,000-crore loan waiver scheme+ announced by the state government last month. The Mumbai city and its suburbs are urbanised areas,...
More »Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts -Mayur Shetty
-The Times of India MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions. The norms applicable to PMJDY accounts are those...
More »Social media slurs on SC/ST punishable: HC -Abhinav Garg
-The Times of India NEW DELHI: Any offensive post on social media targeting an individual of the SC/ST community, even if made in a closed group, is punishable, the Delhi high court said Monday. In an important ruling that plugs the gap between online abusers and their prosecution, the HC made it clear that Scheduled Castes & Scheduled Tribes (Prevention of Atrocities) Act, 1989, will apply if a casteist slur is made...
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