Issues dealing with consumer rights
When Arun Shourie as disinvestment minister was selling off Government assets, there was a lot of protest as to why the Government is selling off its assets. But the fact of the matter is, the Government is not the best person to run things such as hotels, airlines, mills, and other such manufacturing and service [...]
AIIMS is the premier medical institute of India, and although many private hospitals have great doctors and excellent facilities, AIIMS is still seen as the best medical institution of the country. But just as a measure of how even the great ones have to pay for their mistakes, the Delhi State Consumer Court has ordered [...]
Not in India. Due to not much movement in the past towards revamping its laws to add more teeth (enabling punishment of manufacturers for making sub-standard items), Indian customers are frequently short-charged. So, for example, you read about manufacturers in the Western countries and Japan recalling products when there are safety issues or health issues, [...]
In a continuing chain of consumer redressal forums ordering payment of compensation where banks have used coercive means to distress loan defaulters, a Pune Consumer Redressal Forum ordered the payment of Rs. 1 lakh compensation to a lady whose car was seized by agents of ICICI Bank. The interesting part in this case is that [...]
If you had invested your hard earned money in the Fixed Deposits of a company, and then the company declared itself bankrupt, you would be a in for a rude shock. The company would be declared sick, and you have very little chance of getting your money back. Not a good situation to be at [...]
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