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Explained: What is the instant loan apps case? How were victims lured? It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders. Written by Sreenivas Janyala , Edited by Explained Desk | Hyderabad | Updated: December 31, 2020 1:28:44 pm Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any banks or Non-Banking Financial Institutions. A woman employee of Telangana Agriculture Department and a software engineer died by suicide last week after they were humiliated and blackmailed by tele-callers and recovery agents of a mobile app instant loan company. Their personal details were posted by the company on social media and labelled them defaulters and used abusive language. ....
Loan apps are scamming Indians by hiding the ugly details in terms and conditions, misusing data There are several such platforms that have come up promising good returns, before revealing the bad conditions applied and then turning ugly with abuses and threats. Manas Tiwari | December 24, 2020 | Updated 11:54 IST Several money lending apps lure borrowers by offering instant loans. Highlights They charge significantly higher interest rate. Users are threatened over calls. Mr X lost his job in May in the aftermath of COVID-19. He had few expenses to take care of children s school fee, car EMI, house EMI, medical needs of parents. For few weeks, he survived on savings. Then, he got to know about a money lending app that gives instant loan and reasonable time to return that. Going through a difficult phase in life, Mr X took a loan of Rs 30,000, hoping to find a new job and return the sum. ....
What you need to know Google this week launched a new Games Lobby for its Nest Hub and other smart displays. It s designed to serve as your one-stop hub for Assistant-powered games. The company is also launching 10 new games, with more to come soon. As Google pushes forward with its plans to make its lineup of smart displays more than just glorified YouTube screens, the company has increasingly focused on adding more interactivity. A large part of this is games, and the company this week rolled out a new Games Lobby features for its smart displays. As the name suggests, it s designed to be the one-stop hub for all your gaming needs, with a revamped UI and better discoverability for the best-ranked and most featured games. The change falls in line with a larger redesign of the Nest Hub UI earlier in the year, with an added emphasis on tabbed navigation. ....
Google announces new games for Smart Displays By Photo: Screengrab via Google/ Twitter In a bid to make the holiday season relaxing and more cheerful, Google has recently launched its latest collection of games for Smart Displays. Just say #HeyGoogle, let s play a game and your Google Assistant will show you a collection of puzzles, word games, and even virtual pets, the tech giant tweeted on Wednesday. Word games Google s new collection of games will be a treat for wordsmiths out there. The list includes Horizontal Crosswords, Game of Words from Stoked Skills, Voice Quest from Doppio Games, Power of Words from Just AI, and Daily Word Wheel from Zynga. ....
Crackdown on illegal instant loan apps; 17 arrested from Delhi, Gurgaon, Hyderabad Based on complaints, the Hyderabad and Cyberabad police have registered 16 and 7 cases, respectively, against such companies. December 23, 2020 10:30:06 am The Cyberabad police registered a case under sections 420 (cheating), 506 (criminal intimidation) of IPC and also invoked section 66 of the IT Act, section 3, 10, and 13(1) of the Telangana Money Lenders Act and started an investigation. Cracking down on illegal app-based instant microloan lending companies, Hyderabad police arrested 11 persons from Delhi, Gurgaon and the Cyberabad police arrested six others here. Based on complaints, the Hyderabad and Cyberabad police have registered 16 and 7 cases, respectively, against such companies. ....