The government on Wednesday directed online travel aggregators to process pending refunds related to air ticket bookings during the coronavirus lockdown period by the third week of November. In the wake of the coronavirus pandemic, there was a nationwide lockdown for varying periods starting from March 25, 2020, and scheduled commercial flight services were also suspended for a certain period. On Wednesday, the consumer affairs ministry held a meeting with online travel aggregators to discuss issues prejudicial to consumer interest in the travel sector.
The Reserve Bank of India has issued several warnings that the public should not fall prey to such unscrupulous activities and verify the companies offering loans online and through apps.
The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that the entities -- Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited, Faary Tale Trading Private Limited and Bharat Kumar (associated with Trade with Trust) --were providing dabba or illegal trading platform with assured returns.
Separately, the hunger strike by climate activist Sonam Wangchuk in Leh to "remind" the Bharatiya Janata Party-led Centre of its promise to safeguard the Union Territory's fragile ecology and unique indigenous tribal culture entered its 15th day.
Chief Justice of India D Y Chandrachud has agreed to meet the Gujarat High Court Advocates' Association on November 21 in view of the ongoing protest by lawyers opposing the Supreme Court collegium's recommendation to transfer Justice Nikhil S Kariel to Patna high court.
Dominic Xavier wonders whether resolution of the farmers's grievances will have to wait till the construction of the new Parliament building.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
Chief Justice of India (CJI) D Y Chandrachud on Tuesday said the greatest challenge before the Indian judiciary is to eliminate barriers to accessing justice and make sure that the judiciary is inclusive and accessible to the last person in the line.
The National Company Law Appellate Tribunal on Monday stayed industrialist Anil Agarwal's Twin Star Technologies' Rs 2,962.02 crore-takeover bid of debt-ridden Videocon Industries. A two-member NCLAT bench headed by its Officiating Chairperson Justice A I S Cheema stayed the order passed by the Mumbai bench of the National Company Law Tribunal on June 9. The National Company Law Appellate Tribunal's (NCLAT) direction came over two petitions filed by unsatisfied creditors -- Bank of Maharashtra and IFCI Ltd. The appellate tribunal has issued notices to the Committee of Creditors, the Resolution Professional of Videocon and the successful resolution applicant Twin Star.
One may now not have to wait to get their insurance claims redressed.
The Supreme Court said on Thursday that once a government is democratically elected in accordance with law, there is a presumption that it enjoys the confidence of the house and there must exist some objective material to dislodge this presumption.
The draft e-commerce rules released last year held e-commerce marketplace responsible if a seller on its platform failed to deliver the goods or services ordered by a consumer "due to negligent conduct, omission or commission of any act by such seller", causing loss to the consumer.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process. In August last year, the RBI had tightened norms for digital lending to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
In view of the economic shock caused by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020. In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any. The decision is based on review of the September quarter financial performance of banks.
Suppose you had bought a television set that came with a one-year warranty. It breaks down two years after purchase. You can't react emotionally and say that such an expensive set should last for at least five-six years.
Flipkart claims that over one billion customers visited its platform during the eight-day-long The Big Billion Festival. Amazon's Great Indian Festival 2022, which will go on for a month, is throwing discounts at customers that can hardly be ignored. But some of the stories that are coming out from these sales are not so great.
Prime Minister Narendra Modi on Friday urged bureaucrats to make national interest the sole basis of their every decision, saying the country has put its faith in them and they must uphold that trust.
Governments need to proactively plan for attracting and retaining the next generation of talent for its civil services, an official report has said.
Bihar Agriculture Minister Sudhakar Singh Thursday said that Chief Minister Nitish Kumar could "sack" him for his perceived defiance but he will not step down unless asked to do so by the top leadership of his party, the Rashtriya Janata Dal.
The government on Thursday announced new rules to curb misuse of social media platforms, as it mandated firms to appoint grievance officer, disclose the first originator of the mischievous information and remove, within 24 hours, content depicting nudity or morphed pictures of women.
Top Congress sources said the meeting took place a little after noon at Rahul Gandhi's residence and a 'positive outcome' was expected.
It is a mistake to believe that children are unaware when parental battles happen behind closed doors.
The Wednesday's preliminary meeting focused on various thematic issues including assured minimum facilities at polling stations, ease of registration for voters, electoral roll, timely resolution of grievances, arrangements of electronic voting and paper trail machines, postal ballot facility for senior citizens who are 80 and above, and people with disabilities.
Demand disbanding of WFI
If you have questions related to online insurance frauds, then Piyush Ranjan, chief technology officer, Coverfox Insurance, will answer your queries.
How can highways be blocked perpetually, the Supreme Court wondered on Thursday while referring to road blockades by farmers protesting at Delhi borders against the three farm laws passed last year, and said it is the executive's duty to implement the law laid down by the court.
Ganesh Chaturthi celebrations will not be held at Bengaluru's Idgah Maidan, the Supreme Court said on Tuesday while refusing to grant permission for the function and ordered status quo on the plot by both parties. Noting that no such function as Ganesh Chaturthi was organised at Idgah Maidan for the past 200 years, the top court asked the parties to approach the Karnataka high court for the resolution of the dispute.
Eknath Shinde knows he can't possibly make all the MLAs loyal to him ministers. How will they be satisfied? And to satisfy them, the BJP will have to play ball.
On his first visit to Kashmir as President, Pranab Mukherjee on Thursday said no problems are ever resolved by violence and the healing process must be nurtured with love, compassion and patience while important issues need speedy resolution.
The Congress Working Committee, the party's top-decision making body, would soon meet to deliberate further on the Chintan Shivir plans, the sources said.
The inherent complexity of the products offered by such firms, web portals, and platforms may not suit the risk profile of investors and their excessive leverage can result in significant losses to investors
The CM's statement came on a day state Congress chief Navjot Singh Sidhu once again sought the replacement of Punjab's police chief and advocate general.
The Chief Justice of India, Justice N V Ramana Saturday said the Legislature needs to revisit laws and reform them to suit the needs of time and people so that they match 'practical realities'.
The party also made it clear that no one will be permitted to undermine or weaken the party and its leadership. The CWC also resolved that inner-party issues cannot be deliberated through the media or in public fora and all such issues must be raised within the party 'in the interest of propriety and discipline'.
Payment aggregators should have a minimum net worth of Rs 100 crore and if they don't manage to arrange that money within one year of putting out final guidelines, they should stop doing their business, says central bank's draft paper.
According to state government sources, not only did the governor insert some corrections, but he also initialled the final draft after those corrections had been made, reveals N Sathiya Moorthy.
A day after a stormy Congress Working Committee meeting, Sibal made the remarks in a cryptic tweet.
The outbreak and lockdown have thrown up a number of challenges, such as layoffs, pay cuts and a general slowdown. Many subscribers after their unsuccessful attempts to use the scheme have taken to social media to voice their complaints, as the EPFO website and grievance portal suffer outages and its customer helpline remains unreachable.
A Thursday is the sort of in-the-moment drama that holds your attention and emotions while it lasts but doesn't dig enough to linger on, observes Sukanya Verma.
