Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
The National Consumer Disputes Redressal Commission gave the order on a plea by Tata Motors challenging the verdict of Himachal Pradesh State Consumer Commission which had held the truck to be defective and had asked it to refund the cost of the vehicle or replace it.
The State Bank of India (SBI) on Wednesday told the Supreme Court that a total of 22,217 electoral bonds were purchased by donors between April 1, 2019 and February 15 this year, out of which 22,030 were redeemed by political parties.
Sanjiv Puri, chairman and managing director of ITC, is looking to expand the conglomerate's play outside India by taking "strategic positions" in markets close to home in the non-cigarette fast-moving consumer goods (FMCG) and hospitality businesses. In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.
All GST anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority ends this month, an official said on Tuesday. A notification in this regard is expected to be issued by the finance ministry later this month, the official added. The National Anti-profiteering Authority (NAA) was set up in November 2017 under Section 171A of Goods and Services Tax (GST) law to check unfair profiteering activities by registered suppliers.
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
The Federal Trade Commission said the defendants used phony debt collection calls from India and bogus claims that they would reduce consumers' credit card interest rates to bilk consumers.
Officials are tight-lipped on the exact menu but it is expected to reflect India's culinary diversity.
A call centre's workers in Gujarat posed as US law enforcement officials and made nearly 8.5 million threatening calls in just eight months to consumers in America, US federal authorities have claimed.
'Farmers have been sent notices in which the government is threatening that if you will join the movement, then we will impound your ancestral properties.' 'We will seal your bank accounts.' 'We will revoke the passports of your kids.'
In the coming days, unless Modi tones down the communal spiel, it will be clear that anxiety continues to drive his mind and clouds his judgment, observes Modi biographer Nilanjan Mukhopadhyay.
Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
Coal requirement for the plant would be met through Coal India.
Citizens are encouraged to deposit jewellery, bars or coins with banks so it can be refined to meet fresh demand and cut the need for imports
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
The department of personnel and training has asked the Union Public Service Commission to recruit such specialists through "lateral entry" mode in 12 government departments/ministries, he said.
Two dead flies in a soft drink bottle proved costly for a beverage company with the Delhi State Consumer Commission directing it to deposit Rs 1 lakh (Rs 100,000) with the State Consumer Welfare Fund on account of negligence.
Urban markets account for the major share of total revenues.
Greenwashing is making misleading or false environment-friendly claims about a product. Consumers in India currently do not have any way of telling whether a claim is authentic or greenwashing. And one never hears of action against any company for making false claims of being environment-friendly.
The Delhi Electricity Regulatory Commission has suggested a number of measures to safeguard customers and ensure compensation for them.
Domestic and international airfares are set to rise by 5 per cent beginning October as the travel agents prepare ground to recover 5 per cent commission on the base fare: Amount parted to them by airlines for booking tickets on their distribution systems from consumers.
The Supreme Court on Thursday appointed a one-member commission headed by its ex-judge S B Sinha to inquire into 2006 Meerut fire tragedy in which around 60 people died and directed the Uttar Pradesh govt to pay an interim compensation of Rs 5 lakh each to the family members of the deceased.
In a significant judgment, the Commission deprecated the "audacity and impunity" with which the banks have been effecting forcible possession of vehicles and ordered ICICI Bank also to pay Rs 50 lakh to a consumer, who was mercilessly beaten by the recovery agents while they snatched a loaned car from him.
Holding that stock exchanges are service providers coming within the ambit of Consumer Protection Act, the National Consumer Commission has ruled that bourses would have to compensate investors in case its broker defaults.
A lady seeking the insurance amount from Life Insurance Corporation of India after her husband died of illness within 12 days of the commencement of a policy has failed to get relief from a consumer court.
The consumer body passed the order on a plea of one Deepak Gupta, seeking compensation for the deficiency in service by Air France as he lost two baggages during transit which contained his homoeopathic medicines.
The Delhi Consumer Commission has directed the HDFC Bank to pay Rs 35,000 as compensation to an export house for forcibly seizing a financed car on its failure to pay two instalments.
The order was passed with dissent by two members, and four members feeling that there had been abuse of the search engine's dominant position.
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The ministry would access data on all the tickets sold by different carriers under various price brackets and then analyse the data to give an indication of exactly how many tickets were sold under each price slab.
A bench of Justices Sanjiv Khanna and SVN Bhatti asked additional Solicitor General SV Raju, appearing for the two probe agencies, when will the arguments on charges against Sisodia commence in the trial court.
Appellant Puneet Tondon approached the commission seeking damages from Jagson Airlines on account of alleged mental agony undergone by him when he was not allowed aboard the flight despite having the ticket.
Maggi ban: SC orders fresh testing at Mysore lab.
Slapped with a second hefty fine for anti-competitive practices, Google India on Wednesday said it remains committed to users and developers and is reviewing the antitrust body's order to evaluate next steps. The Competition Commission of India (CCI) on Tuesday slapped a Rs 936 crore fine on Google for "abusing" its dominant position on its Android mobile app store and ordered it not to prevent app developers from using third-party billing or payment processing services in India. That penalty came just days after a Rs 1,337.76 crore fine was imposed on it for abusing the dominant position of its Android smartphone operating system. Commenting on Tuesday's CCI order, a Google India spokesperson said Indian app developers have benefited from the technology, security, consumer protection, choice and flexibility that Android and Google Play provide.
The interest of the poor can be protected by providing targeted subsidy, Planning Commission's Deputy Chairman Montek Singh Ahluwalia said, adding that increased energy cost would have to be shared by the consumers as the burden is currently being largely borne by public sector oil companies.
Narendra Modi is India's most successful prime minister and the greatest global leader of current generation, billionaire Mukesh Ambani said on Wednesday as he flaunted his group Reliance Industries' Gujarati heritage and its over USD 150 billion (Rs 12 lakh crore) investment in last 10 years.
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
Section 19(4) of the RERA Act entitles allottees to a refund if the developer doesn't comply with the terms of the sale agreement.
Investors in a company declared defunct or sick are entitled to get their money back with interest as such a default on the part of the company amounts to deficiency in service, the Delhi consumer commission has said. Cimmco Birla Limited, a S K Birla group company, approached the commission seeking relief against a district forum's order to pay the redemption amount alongwith interest to city-resident Anil Sethi who had invested Rs 2,000 in the company's debentures in 1991.
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