World Consumer Rights Day is observed every year on March 15 to raise awareness about consumer rights and promote fair business practices. The day serves as an opportunity to highlight issues affecting consumers globally and advocate for stronger consumer protection laws. Date of World Consumer Rights Day 2025 World Consumer Rights Day 2025 will be…
The RBI Ombudsman and Its Role in Customer Grievances Introduction to the RBI Ombudsman System The Reserve Bank of India (RBI) Ombudsman is a key component of the financial system designed to resolve customer grievances related to banking services. Established as part of the broader consumer protection initiative, the Ombudsman acts as an intermediary to…
Centre Launches eMAAP Portal for Fair Trade and Consumer Protection Introduction to eMAAP Portal The Government of India has recently launched the eMAAP (e-Marketplace for Agricultural and Allied Products) portal aimed at promoting fair trade and ensuring consumer protection in the agricultural sector. The initiative was unveiled to streamline the processes related to agriculture and…
RBI Bars Navi Finserv and Three Other NBFCs for Lending Violations The Reserve Bank of India (RBI) has taken decisive action against Navi Finserv and three other Non-Banking Financial Companies (NBFCs) for significant violations of lending norms. This move highlights the RBI’s commitment to maintaining the integrity of the financial sector and ensuring compliance with…
Government Mandates BIS Standards for Stainless Steel and Aluminium Utensils The Government of India has recently mandated the Bureau of Indian Standards (BIS) standards for stainless steel and aluminium utensils, aiming to ensure quality and safety for consumers. This move, announced by the Ministry of Consumer Affairs, Food, and Public Distribution, comes into effect to…
RBI Cancels AceMoney India NBFC License for Irregular Lending Practices The Reserve Bank of India (RBI) has taken stringent action against AceMoney India, a Non-Banking Financial Company (NBFC), by revoking its license due to irregular lending practices. The move comes in response to AceMoney India’s failure to comply with regulatory guidelines and norms set by…
National Consumer Rights Day 2023: Upholding Consumer Empowerment The celebration of National Consumer Rights Day on December 24th in India commemorates the enactment of the Consumer Protection Act, 1986. This annual event reaffirms the significance of consumer rights and educates citizens about their entitlements. Amidst the evolving market dynamics, the observance of this day serves…
Centre Launches “Dark Patterns Buster” Hackathon 2023 to Combat Deceptive Practices in E-commerce The Ministry of Consumer Affairs, Food, and Public Distribution has taken a significant step towards ensuring fair practices in the e-commerce industry by launching the “Dark Patterns Buster” Hackathon 2023. This initiative aims to combat deceptive practices commonly found in the e-commerce…
RBI to Impose ₹10,000 Daily Fine for Credit Bureaus Failing to Resolve Complaints in 30 Days In a significant move to protect the interests of consumers and enhance the accountability of credit bureaus, the Reserve Bank of India (RBI) has recently announced a crucial regulatory change. The central bank has introduced a penalty mechanism, wherein…
CCI Imposes Penalty on Bharti Airtel In a recent development, the Competition Commission of India (CCI) has imposed a penalty on Bharti Airtel, one of India’s leading telecommunications companies. This decision has significant implications, not only for the telecom industry but also for students preparing for various government exams, including civil services, banking, police, railways,…
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