Government bans over 100 betting and lending apps
Mobile applications ease the lives of users. So, several mobile applications emerge daily. However, many applications do not focus on the privacy and security of users.
In this context, the government focuses on the apps that are a threat to users and bans them from time to time.
Now, the government has blocked 138 betting and 94 loan apps, saying that they are posing threat to the financial security of the nation. In addition, these apps are involved in money laundering. Hence, they pose a big threat to India’s security. The Ministry of Electronics and Information Technology (MeitY) blocked the apps with China links.
As MeitY received an alert from a nodal officer of the Ministry of Home Affairs in this regard, it blocked the apps. The order from the Ministry of Home Affairs directed MeitY to take an action against the apps urgently. So, MeitY announced the blocking of 138 gambling apps and 94 loan apps. However, the names of these apps were not revealed. The majority of these apps were operating from Chinese entities.
Notably, many loan apps are harassing borrowers even for the recovery of small amounts. They lure borrowers by offering instant personal loans without any documents but start blackmailing them if they miss the date of repayment.
Several complaints were being received against these apps. Hence, the government decided to take an action.
Last year, the Reserve Bank of India recommended a law to ban unregulated activities and to protect borrowers from the harassment of lenders.
As per the law, only the entities regulated by the RBI shall involve in lending activities or disburse a loan. The central bank also prescribed many guidelines.
Similarly, the IT ministry released a draft policy for online games to control betting and wagering.
The government exercised its power under Section 69 of the Information Technology (IT) Act, 2000, and blocked these apps that pose threat to the sovereignty and integrity of the country.
Earlier also, the government banned some Chinese mobile applications. So far, more than 200 apps that have Chinese links have been banned.
Image from Maxpixel (Free for commercial use / CC0 Public Domain)
You may also like
Image Reference: https://www.maxpixel.net/Euro-Mobile-Phone-Money-Online-Banking-Finance-2223996
Recent Posts
- How NutriSens and TerraPort are transforming agricultureProximal Soilsens Technologies is enabling through its innovations, NutriSens and TerraPort.
- Dr. Renu Raj: From surgeon to IAS topperEach year, lakhs of aspirants appear for it with hopes of joining elite services like IAS, IPS, or IFS, but only a few succeed.
- Swarnagiri Venkateswara Swamy Temple, a spiritual landmarkThe Swarnagiri Venkateswara Swamy Temple is located on the Manepally Hills in Bhuvanagiri, Telangana.
- How NutriSens and TerraPort are transforming agriculture
What’s new at WeRIndia.com
News from 700+ sources
-
‘Abuse Of Legal Process’: SC Quashes FIRs Alleging Rape On False Promise Of Marriage
-
Prison radicalisation case: Bengaluru court hands over custody of 3 to NIA
-
No meeting planned in Delhi between LoP Gandhi with Ktaka CM, Dy CM: Surjewala
-
Bad news for Byju Raveendran as US court holds him in contempt for…
-
Catch these drag artistes in Superqueens, a musical at The Piano Man in Delhi
-
Sensex falls! But these stocks rallied over 15% on BSE in today’s trade
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply