CCPA Imposes ₹61.60 Lakh Penalty on Coaching Institutes for Misleading Ads

India’s Central Consumer Protection Authority (CCPA) has penalized 19 coaching institutes with a total of ₹61.60 lakh for misleading advertisements and issued notices to 45 more. This is part of a larger crackdown on unfair trade practices, with over ₹1.19 crore in penalties issued to date. The government is committed to protecting consumers through updated legislation and the National Consumer Helpline.

RBI Fines HDFC Bank and Axis Bank for Regulatory Violations

The Reserve Bank of India (RBI) has imposed penalties on HDFC Bank and Axis Bank for non-compliance with various regulations, including those related to interest rates, customer service, KYC procedures, and agricultural lending. HDFC Bank was fined for offering gifts exceeding ₹ 250 crore to depositors, opening savings accounts for ineligible entities, and violating customer contact time regulations. Axis Bank was penalized for opening savings accounts for ineligible entities, violating customer identification code guidelines, and failing to adhere to collateral security requirements for agricultural loans.

Saskatchewan Unveils Stricter Penalties for Excessive Speeding and Stunting Starting Wednesday

In an effort to curb dangerous driving behaviors, Saskatchewan is implementing enhanced penalties for excessive speeding, stunting, and racing, effective Wednesday. These penalties include a 30-day vehicle impoundment and a seven-day license suspension for first-time offenses. The province is also increasing fines for these violations, with stunting now carrying a fine of $580 (up from $150) and first-time street racing offenses costing $580 (up from $205). Repeat offenses result in even higher fines.

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