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Some lending apps thrive on India’s Google Play despite policy violations
The rise of smartphones and affordable mobile internet in India has seen a proliferation of hundreds of personal lending apps in recent years. Campaign groups say rapid advances in technology have outpaced authorities and are calling for regulations to be introduced regarding loan tenures and fees.
“There are no clear norms on lending apps in India. Right now they fall in a grey zone,” said Nikhil Pahwa, a digital rights activist and editor of MediaNama, a Delhi-based publication on technology policy.
India’s COVID-19 caseload rises to 1,04,66,595 with 16,311 fresh infections
The number of people who have recuperated from the disease surged to 1,00,92,909, pushing the national COVID-19 recovery rate to 96.43 per cent, while the case fatality rate was recorded at 1.44 per cent
The COVID-19 active caseload remained below three lakh. There are 2,22,526 active coronavirus infections in the country which comprise 2.13 per cent of the total caseload, the data stated
Covid impact: India’s annual fuel demand falls for first time in 21 year
Passenger vehicle retail sales increase 24 pc in December: FADA
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019.
Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago.
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