Thursday 10 September 2015

Fed Up of Misleading & False Ads? Complain Online

Fed Up of Misleading & False Ads? Now, You Can Stop Them By Filing Complaint Online

Posted by: Mohul Ghosh 


Last year, Amitabh Bachchan created ripples across the advertisement world when he shared that he has stopped promoting Pepsi, because of a young girl: She asked him why is he helping to sell Pepsi when her school teacher has said that soft drinks are poison?

He said, “This impression is on the mind of the people… So I stopped endorsing Pepsi. I tell this to my son Abhishek and to daughter-in-law Aishwarya also… If you have to endorse a product then you have to conduct your life in such a manner that it does not affect others’ lives.”

In this rare case, the moral conscience of a senior actor stopped him from selling a product which is harmful for young children, and serves no purpose to them besides making them overweight and prone to diabetes at an early age.

But often celebrities and brands avoid this moral dilemma, and solely focus on creating an overhyped, sensational ‘image’ of a product so that it sells.

Right from underwear brands which promise extra ordinary powers to shampoos which claims to grow hair, beauty and confidence at the same time, there are myriad instances of overhyped, misleading advertisements, which shouldn’t have been aired.

In fact, The Central Consumer Protection Council (CCPC) has observed thatcelebrities who are promoting such false and misleading advertisements areliable for legal action.

Early this month we had reported that Advertising Standards Council of India (ASCI) has termed health and education ads to be most misleading & deceptive in nature, and cracked down on several of them.

Fairness Cream advertisements, which promise instant glory and fame due to a whitening of skin leads the pack of such immoral, and false commercial propaganda. Infact, ASCI had to issue special guidelines for such Fairness Cream ads, considering how celebrities, both male and female, openly endorse them.

Why Should You Complain Against Any Misleading Ad


Indian Government has constituted Consumer Protection Acts, and Government departments to deal with such misleading and false advertisements, and all consumers are encouraged to use them.

Even if there is no monetary or health loss involved in such ads, there can be severe emotional and mental trauma associated with the portrayal of the ‘victim’. Take for instance Fairness Ads, where the visuals are created so as to impart an impression that girls who are not fair don’t get good jobs, husbands or a life.

There are health products which claim to make children taller, hence more successful. Imagine the mental trauma a child encounters when he is teased for being short, a situation which solely arises due to such advertisements.

Or for instance advertisements where a guy is magically able to attract beautiful girls after spraying deodorant on his body; these ads actually attack the evil social mentality and prejudices and exploit them to monetize it heavily.
How Can You Complain?



Consumer Protection Act, 1986 is an Act which has been made to help consumers deal with such false propaganda, solely designed to exploit human emotions and prejudices.

Consumers can file their complaints by visiting the specific District level consumer courts, and in case their case is not being heard, they can approach State leveland National level consumers courts as well.

Here is the National Consumer Helpline Number: 1800-11-4000, which governs all these bodies, under Department of Consumer Affairs.

Consumers can also visit ASCI, which is a self-regulatory body which takes up such cases of false and misleading advertisements. You can file a complaint right here.

Don’t let brands fool you by playing with your fears and emotions – fight back!

Tuesday 8 September 2015

Tax-free bonds



Bond Street Action: 
Dalal Street in dumps, you can bet on tax-free bonds
By Saikat Das, ET Bureau | 8 Sep, 2015, 10.16AM IST
MUMBAI: For the faint-hearted retail investors shaken by the turmoil in the equity markets, there is something to cheer about.

More than Rs 10,000 crore of taxfree bonds from state-run companies such as NTPC, Power Finance Corp. (PFC), Indian Railways Finance (IRFC), Indian Renewable Energy Development Agency (IREDA), Rural Electrification (REC) and Housing and Urban Development Corp. (Hudco) are set to hit the market in the next one or two months, three people familiar with the matter told ET.

On an average, investors can earn as much as 7.39-7.67% in post-tax interest from these bonds with 10, 15 and 20-year maturities, going by the benchmark yield reported two weeks ago.


The benchmark, 30-share BSE Sensex declined 1.22% to 24,893.81 on Monday, extending the loss since August 7 to 12%. "It would be wise to raise funds via tax-free bonds now as many retail investors may not be looking at underperforming equities and want to lock in long-term debt products at attractive levels with tax efficiency," said Ajay Manglunia, head of fixed income at Edelweiss Securities. "The fad may fade away in the second half of the year with many PSU disinvestments being lined up, which will be attractive to retail."

Most of the companies seeking to raise from such bonds have appointed investment bankers. NTPC, Power Finance and Rural Electrification are looking to raise Rs 700 crore each. Indian Railways Finance and IREDA are likely to raise about Rs 4,200 crore and Rs 1,500 crore, respectively, and Hudco is aiming for Rs 3,500 crore.

"We are trying to tap the retail money as soon as possible, before the market gets crowded out. We would appoint arrangers in a week's time," said a senior official from one of the companies.

Issuers have already mopped up funds via private placements as the government has mandated such sales only to the extent of 30% of the allotted size.

"Retail investors, who are now sitting on surplus funds obtained from maturing high-yielding term deposits or fixed maturity plans, are willing to invest the same in tax-free bonds," said Rupesh Bhansali, head of distribution at GEPL Capital.

Banks are cutting interest rates, leading to lower returns from deposits, and the Reserve Bank of India is expected to reduce the benchmark rate to spur economic growth.

"Tax-free bonds are worth investing, especially when interest rates are likely to dip in the next two years," said Suresh Sadagopan, principal planner at Ladder 7 Financial, an advisory firm.

"Retired people can have steady annual income flow from it while others can invest surplus funds to have additional income." The central bank has cumulatively decreased rates by 75 bps.

Yields have fallen to 7.75% from 8% about four months ago, pushing prices up. A rate cut expectation is also keeping the interest of investors alive.