Until India maps the network of these Chinese lending apps and traces their offshore location, new apps with the promise of millions will continue to lure Indians.
These scams work by enticing people with small payouts on investments or bets, and building trust. When they start investing more money, it disappears, say police.
Shein, among 59 other Chinese apps, was banned by government last year in June. However, Amazon has announced a sale of online retail brand's products during its 'prime day' sale.
Shares of ByteDance trade at a valuation of over $250 bn. But it’s a tough time to be wealthy in China, which seeks to rein in powerful corporations & their billionaire founders.
Snack Video by Kuaishou Technology, Zili by Xiaomi, and ByteDance's Resso have seen a surge in downloads over the past few months since the govt banned over 200 Chinese apps.
The stance of Policybazaar & MobiKwik reflects a shift in sentiment against China after Ladakh and a wave of techno-nationalism as Covid pummels economies.
A lesser-known reality of the GST is that it has a total of eight tax slabs, excluding the exemptions. These start at 0.25 and go all the way up to 28 per cent.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Three battalions are being deployed along northern frontier with China and Pakistan, one in the northeast and another on western front, ThePrint has learnt.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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