CONSUMER FORUM
China's June factory activity contracts again, services slows
China's economic indicators for June painted a challenging picture, with manufacturing activity stagnating and services slipping to a five-month low, according to an official survey released on Sunday. The Purchasing Managers' Index (PMI) remained unchanged at 49.5, below the growth threshold of 50, indicating ongoing economic struggles despite some positive signals in industrial production. Analysts noted that while exports have been a strong driver, both domestic and external demand remain insufficient to fully utilize China's manufacturing capacity, prompting calls for additional policy support to stimulate growth.
Rail passenger gets Rs 1 lakh compensation for stolen luggage during travel on Malwa Express 6 years ago
Jaya Kumari, from New Delhi, faced a prolonged struggle after her bag, containing valuables, was stolen on the Malwa Express in 2016. After eight years, a Delhi court ruled in her favor, ordering the Railways to pay her Rs 1.08 lakh for negligence. This highlights broader concerns about railway security, with data showing rising theft incidents. The ruling sets a precedent for passenger safety and service accountability.
View: Gender diversity needs work
This year, 797 women candidates contested the general elections, constituting 9.6% of the total 8,337 candidates. Only 74 of them won a seat in the 18th Lok Sabha - four fewer than the number of women in the 17th Lok Sabha. This comes less than a year after the passage of the Women's Reservation Bill, which reserves one-third of seats in Lok Sabha and assemblies for women.
CIBIL score dropped due to bank's fault: Doctor won the legal battle with Rs 2.6 lakh as damages after 7 years, lessons you can learn from this
CIBIL score: A doctor had AMEX credit card issued by a bank with credit limit of Rs 3.25 lakh. However his bank reported him as a defaulter and thus his CIBIL score dropped by a big margin This happened despite the doctor paying the bank by personally handing over a cheque with number 69131. However ICICI Bank, Vadodara branch stepped in to help solve this case.
Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how
Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lodge a complaint. Read here to know how much compensation you can get in Maharashtra, Rajasthan, Delhi and Karnataka.
Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholder
A consumer commission in Mumbai has directed the Life Insurance Corporation of India (LIC) to pay a claim of Rs 2 lakh to the widow of a policyholder who was illiterate and unaware of the policy terms and conditions. The commission noted that guidelines from the Insurance Regulatory and Development Authority (IRDA) require all terms and conditions to be explained to the insured in a language known to them before taking their signature on the policy document.
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'Too much heat' hits Delhi courts, judges asked to let lawyers ditch robes
Rising temperatures in India's capital are prompting discussions on the necessity of lawyers' heavy black robes and coats, a tradition dating back to 1961. While some High Courts have allowed lawyers to discard the attire for the summer, challenges persist, with courts facing inadequate cooling and water supply. With temperatures hitting 50 degrees Celsius, authorities are taking measures, including restricting water supply and deploying paramedics for the general election.
ET Road Safety & Safer Mobility Forum 2024: Steering a smarter, safer, and sustainable supply chain by accelerating safety tech in logistics
The ET Road Safety & Safer Mobility Forum 2024 gears up for its third roundtable, focusing on ‘Enhancing Safety Standards in Modern Logistics and Supply Chain.’ This session will put intelligent AI solutions in the spotlight, showcasing how they can revolutionise safe practices within the ever-evolving logistics landscape. By prioritising both road and fleet safety, the forum aims to create a more secure and efficient supply chain ecosystem.
Public affairs & advocacy - a career choice
Advocacy and Public Affairs have evolved significantly over the past decade, transforming into a strategic function for corporates. The landscape now includes policy analysis, stakeholder engagement, and risk management. The introduction of policies like the Pre-Legislative Consultation Policy has increased public participation in the legislative process, fostering transparency and inclusivity. Public Affairs in India is evolving to champion knowledge-based engagement and inclusive practices, with companies increasingly recognizing the importance of engaging with Public Policy professionals for business decisions.
India needs a robust system to protect doctors from bogus lawsuits & ensure accountability for negligence
Indian Medical Association (IMA) praised GoI for criminal reforms absolving medical fraternity from liability under Section 304(a) of IPC, now Section 26 of Bharatiya Nyaya Sanhita. Supreme Court's 'Jacob Mathew vs State of Punjab' judgment balanced protecting doctors from frivolous prosecutions and accountability in negligence cases. Medical Council of India enforces ethical standards for doctors.
What is OPEC+ and how does it affect oil prices?
OPEC+, a coalition of OPEC and its allies, is set to meet on June 2 to discuss their joint oil production policy. OPEC was founded in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela to coordinate petroleum policies and secure fair prices. It now includes 12 countries, mainly from the Middle East and Africa, accounting for about 30% of the world's oil. OPEC+ crude output represents about 41% of global oil production and aims to regulate the supply of oil to the global market.
Elon Musk, Indonesian health minister, launch Starlink for health sector
Musk, the billionaire head of SpaceX and Tesla, arrived on the Indonesian resort island of Bali by private jet before attending the launch ceremony at a community health centre in the provincial capital, Denpasar.
Fed remains cautious on cuts even as data improves
"I don't see any indicators now telling me ... there's a reason to change the stance of monetary policy now," Williams said in an interview with Reuters, adding that he did not expect the case for a rate cut to fall into place "in the very near term."
Combating dark patterns; declining VC funds for female founders
Happy Thursday! The government will soon release a tool to help consumers fight manipulative ‘dark patterns’ used by websites. This and more in today’s ETtech Morning Dispatch.
As part of 100-day plan, Govt to launch app to target deceptive methods used by cos to trick consumers: Sources
Within the upcoming two months, the government is set to unveil a mobile application aimed at notifying consumers about deceptive techniques, commonly referred to as dark patterns, employed by online platforms. This initiative, disclosed by a senior official from the department of consumer affairs, forms a crucial component of the department's agenda within the initial 100 days following the formation of the forthcoming government.
India needs Rs 4.2 lakh cr investment to connect 24 cr households with broadband by 2030
According to the break-up provided by Prashant Singhal, fibre deployment will need investments in the range of Rs 2.7-3 lakh crore, passive infrastructure Rs 90,000-96,000 crore, WiFi and in-building solutions Rs 6,600-Rs 9,000 crore, data centres Rs 9,700-Rs 14,100 crore and satellite broadband services Rs 26,000-29,000 crore.
India reverses old trend in medical consumables business, is now a net exporter
Till now, foreign-sourced goods used to dominate the medical consumables and disposables market in the country. In the fiscal year 2022-23, India was finally able to reverse that old trend, having sold more than it bought.
Bank liable for wrong done by its employees: SC orders bank to compensate man
Supreme Court holds District Cooperative Bank liable for employee actions, orders compensation of Rs 25,000 to a man after three decades. Bank failed to release fixed deposit receipts worth Rs 1,60,000 in Varanasi. Petitioner awarded refund with interest and damages by district consumer forum in 1997. Apex court overturns NCDRC's ruling, emphasizing bank's vicarious liability for employee conduct.
Want to fight a case in consumer court? Know the process and timeline of filing a case in district, state and national level
Filing of case in consumer court: The Consumer Protection Act, 2019 empowers individuals to file a case in various consumer commissions at district, state and national level at NCDRC. Compared to traditional civil courts, an consumer forum is equipped to hear cases where Consumer Protection Act may have been violated.
Bengaluru consumer court orders MakeMyTrip to pay Rs 5.5 lakh to consumer for not getting booked room in hotel
A Bengaluru consumer court orders MakeMyTrip to compensate a Bengalurean with Rs 5.5 lakh for failing to provide a room in a London hotel despite booking. Mayur Bharath faced denial of accommodation, leading to financial loss and professional embarrassment. Court directs MMT to reimburse alternative hotel expenses, pay compensation, and emphasize consumer rights.
China could grow faster with pro-market reforms, IMF managing director says
"This additional growth would amount to a 20% expansion of the real economy over the next 15 years, in today's terms, that is like adding $3.5 trillion to the Chinese economy," Georgieva said in a speech to the China Development Forum.
Toyota Innova's airbag failed to open in an accident, car owner to get Rs 32.07 lakh or a new vehicle, orders NCDRC
Toyota Innova car: Airbags are an important safety feature and protect the car's occupants in the event of an accident. However an Toyota Innova car's airbags did not open in an accident and this resulted in the occupants of the car suffering injuries. Read here to know more about the case and how Toyota was proved to have sold a defective Innova.
Theatre ordered to pay Rs 50,000 fine for denying viewers chance to watch film from beginning
The complaint was filed by the people who went to watch the Tamil movie 'Ponniyin Selvan: 2' on April 30, 2023. According to the complainants, they reached the theatre at 6.45 PM but were entry citing cleaning work being done before the show. They alleged that they were misled by the theatre management.
Pay Rs 15 lakh in death claim, consumer forum tells insurance company
A consumer forum ordered Go Digit General Insurance Company to compensate Dinesh Baria's family for his death in a road accident. The forum dismissed the firm's claim denial and instructed the payment of Rs 15 lakh along with Rs 3,000 for mental harassment and legal expenses.
Bengaluru dental clinic asked to pay Rs 2 lakh compensation to patient after damaging 10 teeth
A man sues a dental clinic and its dentists after suffering teeth damage during a dental procedure. The city consumer court orders the dentists to pay Rs 2 lakh in compensation and the clinic to refund Rs 50,000. The patient approached Sabka Dentist clinic in 2016 and paid Rs 34,000 for a yearlong procedure. The procedure lasted for more than two years and the patient had to pay an additional Rs 50,000. The removal of braces revealed damage to eight teeth and enamel of two more.
Written exam for ex-judges for appointment to consumer forums "far-fetched", says Supreme Court
The Supreme Court has expressed skepticism about the necessity of a written examination for retired judges seeking appointment as president and members of state and district consumer dispute redressal commissions. The court, citing a ruling from 2023 under Article 142 of the Constitution, had earlier mandated a written test for selection.
Daughter wins health insurance claim fight against LIC after 8 years, to get Rs 1.6 lakh as against Rs 17,100 paid by the insurer
LIC Jeevan Arogya: Life Insurance Corporation of India (LIC) was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.6 lakh to a policyholder of LIC Jeevan Arogya health insurance policy. The policyholder's father underwent an hernia surgery in Apollo Hospitals, Chennai and incurred more than Rs 2 lakh in 2016, however LIC paid the policyholder only Rs 17,100.
Cheque fraud victims to get Rs 74 lakh from Axis Bank after 15 years long legal fight
Axis Bank cheque fraud: Five victims of cheque fraud at Axis Bank will get Rs 73.93 lakh (including compensation) after fighting with the bank in various consumer courts and Supreme Court also for 15 years. The main suspect in this cheque fraud incident is a person called Gurwinder Singh. Read here to know what did Axis Bank do after knowing about the fraud and how the victims fought against the bank.
Court orders Pune resort to pay nearly Rs 2 crore to couple for loss of their 30- and 24-year-old sons in pool
The grieving parents asserted that the resort owners, despite assurances of safety measures in their advertisements, failed to provide crucial safety components such as a guide during the incident. The absence of safety precautions, the lack of signboards, and non-functional CCTV cameras were cited as contributing factors to their children's untimely demise.
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