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January 2024

Centre releases guidelines on ‘dark patterns’ that mislead consumers

A dark pattern, also known as deceptive design pattern, is where “a user interface that has been carefully crafted to trick users into doing things, such as buying overpriced insurance with their purchase or signing up for recurring bills”. Harry Brignull, a user experience designer came up with this term in 2010 and created a […]

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Over Rs1 Lakh Crore Lying in Inoperative Bank Accounts on Way To Becoming Unclaimed Funds

As 2023 draws to a close, the finance ministry informed Parliament of a surprising 28% increase in unclaimed deposits to Rs42,270 crore on 31 March 2023 (against Rs32,934 crore during FY21-22). Get ready for an even more staggering truth: this figure of unclaimed deposits represents a mere quarter of the money that is locked away

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Bournvita row: Cadbury reduces added sugar by around 15 percent from its popular health drink after backlash

Bournvita, a popular chocolate malt drink mix manufactured by Cadbury, has now reduced the quantity of added sugar by 14.4 percent. Earlier, the popular health drink consisted of 37.4gm sugar per 100gm. Now, the new packaging reveals that it has 32.2 gm of added sugar. In April this year, Revant Himatsingka aka Food Pharmer, a Health Influencer

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Retailers Association of India recommends lower taxes to boost the consumer sentiment

Retailers Association of India has recommended the central government that the Union Budget for FY 23–24 should focus on generating demand and spurring consumption by offering benefits or concessions in the form of lower taxes. The association said that it will boost the overall consumer sentiment and benefit the retail sector. Tax benefits and relief

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Broadcasters hike prices of channel bouquets on rising content expenses

Broadcasters Zee Entertainment Enterprises, Sony Pictures Networks India, and Viacom18 have raised TV channel bouquet prices to offset rising content expenses that will affect monthly TV bills for consumers. Network18 and Viacom18’s distribution arm IndiaCast has raised the price of their bouquets by 20-25% after adding big-ticket sports properties to their portfolio. Zee hiked the

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As India gallops, so will FMCG industry: Sanjiv Puri, ITC CMD

It is indeed a matter of pride that India is today a beacon of growth in a world faced with multi-dimensional challenges. The Prime Minister’s vision to build a Viksit Bharat through a far-reaching paradigm of sustainable and inclusive growth, the government’s multidimensional interventions including policies to accelerate physical and digital infrastructure hold the promise

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Consumer majors soup up millet strategies to seed sales

Packaged food companies have rejigged their millet-based products strategy, following initial hiccups. Many have gone back to the drawing board and relaunched products, selling ₹10-20 packs at a par with other non-millet items to induce trials, create awareness about the health benefits and expand reach to the kiranas. Companies had ventured into the market following

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India’s gold market at crossroads: Balancing demographic dividends and evolving economic dynamics

In a captivating economic narrative, India’s gold market finds itself at a pivotal juncture, delicately manoeuvring through the interplay of age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now crowned as the most

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​Canara Bank to pay Rs 9 lakh as compensation to NRI for deficiency in services: NCDRC

Canara Bank is liable to pay Rs 9.09 lakh as compensation to a 95-year-old non-resident Indian (NRI) customer. Canara Bank has to pay the compensation amount because it did not provide good services and indulged in unfair trade practices. The payment of compensation has been directed by the National Consumer Disputes Redressal Commission (NCDRC) to

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