• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

India to ban 138 betting & loan apps with Chinese links

by Prity Khanal
February 5, 2023
in India News, News
Reading Time: 2 mins read
0
India to ban 138 betting & loan apps with Chinese links
TwitterWhatsappLinkedin

The government of India has now started an initiative to block different apps that are linked with China. Around 138 betting apps and 94 loan lending apps have Chinese links connected with them on an “urgent” and “emergency” basis, as reported by New18 on Sunday. 

You might also like

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

GenAI Takes Center Stage in Netflix Shows and Films

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

Other sources said that the step taken was on the suggestion of the Ministry of Home Affairs on ’emergency blocking’ of these apps.

In this photo illustration, Indian flag is displayed on a laptop screen and a symbol of “block” and Chinese flag are displayed on a smart phone screen ( Image Source : Getty Images )

These apps were said to attract Sec 69 of the IT Act as they contain “material which is prejudicial to sovereignty and integrity of India”, according to an official talk between two ministers – the Ministry of Electronics and Information Technology (Meity) and the Ministry of Home Affairs, News18 reported. 

 

The reason behind banning these apps:

This matter was referred to as “extortion” and “harassment” of the public as these people who benefited themselves with small amounts of loans through these apps were run by those (Chinese) entities.

These apps were basically Chinese entities that hired Indian citizens as their directors and executives in the operation. “After luring desperate individuals into taking on a loan, they jacked up the interest by up to 3,000 percent annually,” the report said.

The poor people who took out loans when they were unable to repay the entire loan or even the interest, the apps started harassing them. They sent lewd messages, threatened them, shamed them with messages, and many more.

This was going on for a long time until a matter came into the spotlight. A sharp rise in suicide cases started in the states of Andhra Pradesh and Telangana where people lost their money in such loan lending and betting apps.

“These apps, often displaying predatory behaviour to trap individuals in massive debt, can also be misused as tools for espionage and propaganda, besides posing a security risk to the data of the Indian citizens,” sources told News 18.

Different Indian States like Telangana, Odisha, and Uttar Pradesh along with central intelligence agencies asked the Union Home Ministry to take strict action against such apps.

With regard to this, the home ministry then started analyzing 28 Chinese loan lending apps 6 months ago. The investigation resulted in around 94 apps being available on e-stores and others through intermediates and third-party links.

The report further added that many apps were not available on mobile phones. According to sources, betting apps and games were downloaded through independent links and websites.

“They are even being directly played online or on social media platforms. Some of these also accept cryptocurrencies as payment,” it said.

Therefore, the Ministry of Information and Broadcasting (MIB) issued an advisory stating that betting and gambling are illegal in many countries under the provisions of the Consumer Protection Act 2019, Cable TV Network Regulation Act 1995, and the IT Rules, 2021.

 

Tags: #chinese_government#governement#loan_lendingApplicationsbettingIndia
Tweet54SendShare15
Previous Post

Google Job Cuts Hit Veterans of DoubleClick Ad Tech Business

Next Post

Innisfree sues Twitter for $1.9 million in unpaid bills

Prity Khanal

Prity is a content writer whose passion lies in writing to inspire others. She specialises in the field of law. With a curious mind and love for research and proficiency in creating informative narratives, she has specialised in tech, crypto, and is up-to-date with current market changes and flexible in various other fields.

Recommended For You

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

by Anochie Esther
July 20, 2025
0
Kennedy

Five months into his tenure as Secretary of Health and Human Services (HHS), Robert F. Kennedy Jr. has set his sights on a quiet but critical pillar of...

Read more

GenAI Takes Center Stage in Netflix Shows and Films

by Sneha Singh
July 20, 2025
0
GenAI Takes Center Stage in Netflix Shows and Films

Netflix has achieved an unpublicized milestone that could change the manner in which movies and television are made. The streaming giant announced Thursday that it successfully used artificial...

Read more

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more
Next Post
Innisfree sues Twitter for $1.9 million in unpaid bills

Innisfree sues Twitter for $1.9 million in unpaid bills

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?