/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Nearly a year after suicides prompted a crackdown on potentially criminal digital lending schemes, not much seems to have changed. We investigate.
Towards the end of last year, a spate of suicides sparked investigations into predatory and often illegitimate loan apps, widely available on Google’s Play Store in India. The police in Telangana—where the initial reports of suicides originated—arrested a number of Chinese and Indian nationals. Investigative authorities across states jumped on the case and by the end of January this year over 30 arrests were made.
According to police statements at the time, China-based entities that had partnered with small-time non-bank lenders in India, facilitated over 14 million transactions worth close to Rs 21,000 crore through four illegal or payday loan …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
