Economy

If fools did not go to market, cracked pots and false wares would not be sold. -- Jean Le Malchanceux (in the twelfth century). In India, consumers have had a raw deal in the market place and suffered in the field of health and welfare. Earlier they had recourse to the Monopolies and Restrictive Trade Practices (MRTP) Act. But after The Consumer Protection Act, 1986 came into force, and key amendments took effect in March 2003, consumers have been learning to assert themselves while buying goods and services. As a Bangalorean, what should be the first thing on your shopping…

If you were going to buy a residential apartment from a building named 'Radiant Manor' you would quite naturally except to get a perfect home to live in. This is what Venkatesh Narayan Baichwal of Jayanagar had hoped for when he entered into a construction agreement in March 2005 with Radiant Homes (Proprietor, Manohar Karkal). This firm had agreed to construct a residential apartment for him measuring 975 square feet on the second floor of a building named Radiant Manor. The agreement was that the seller would pay Rs.11,97,500 for construction of the apartment inclusive of Rs. One lakh towards…

On 20 September, the III Additional Bangalore Urban District Consumer Disputes Redressal Forum ordered a Bangalore based dentist to pay up Rs.One lakh as compensation to a young student who suffered due to deficient service from the dentist's clinic. M A Shilpa aged twenty, doing her post graduation course in economics and business, in an evening college in Bangalore, went to the Tarana Dental Clinic in Padmanabhanagar, Bangalore, during the first week of June 2006, complaining of pain in her lower right jaw. Dr Archana Hegde, (B.D.S. Esth. Dent.USA) examined her, filled a cavity in her tooth, and prescribed some…

Every morning, Mahadev rises and soars with the soggy monsoon sun as orders surge. It’s boom time in IT city, after all. “I haven’t seen such a busy season for three years,” he smiles, as he wends his way over the half-manicured streets of HSR Layout. Mahadev is 12. He doesn’t know, therefore, that his princely wages of Rs.70 per day earned for moulding iron gates and grids is a shameful secret. That his earnings are a breaking story of sorts, though not for the same reason as those of IIM-B graduates. His salary is invisible as his employment violates…