The government on Thursday proposed a new law which seeks to ban unregulated lending and slap a fine of ₹1 crore on offenders along with imprisonment of 10 years. The move follows action against several digital loan apps for unregulated lending over the past two years and complaints about their unfair lending and predatory recovery … Read more
The Reserve Bank of India (RBI) is planning to set up a public register of white-listed lending apps to curb the menace of illegal lending apps in the country. As part of the new step, the central bank is looking to create an agency, Digital India Trust Agency (DIGITA), that will enable verification of digital … Read more
Sept. 13, 2021 — Hey, have you heard about the new miracle fat loss product? It’s a special tea you might see advertised in a magazine. Or a lollipop promoted by a Kardashian. Or a rubber vest you zip tight around your belly, shown on a TV commercial. Or… or… or… … Read more
India has proposed deliverables on issues including a waiver proposal at World Trade Organization (WTO) for uninterrupted supply of vaccines, Framework for Consumer Protection in E-Commerce and Co-operation framework for protection of Genetic Resources and Traditional Knowledge, at the first meeting of the BRICS Contact Group on Economic and Trade Issues (CGETI) from March 9-11 … Read more