Day: March 15, 2023

🙏🙏🙏🙏🙏Consumer Protection Act–some provisions / facts to remember [1] u r entitled to file a complaint only if u buy the product for personal usage[ and not for commercial use ] [2] choose the right forum like Distric if considerationinvolved is less than 1 crore —-State –more than 1 crore but less than 10 crores –National –10 crores plus [3] no court fee if compensation claimed is less than 5 lacs [4] it takes about 2-3 years to get a judgement in each of the forum –Courtesy Business Standard 15.3.23

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🙏🙏🙏CEA Mr. Nagrswaran –at Madras School of Economics [1] Whether high rate of interest would dampen growth impulses—his reply was a categorical ” no” [2] to buttress his argument, he compared US situation in 1990s when the real rate of interest there was at a high of 3% but it did not dampen their growth [3] he further surmised that current high rates of interest , only reflect an appetite for credit and would not hold back growth. —courtesy BusinessLine

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