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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
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Pakistan Fear Mounts As Final Outcome Of Loan Talks With China Appears Bleak
Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.
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Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
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Chinese Woman Claims She Was Pressured By Employer To Take Rs 2.9 Lakh Loan For A Nose Job
"Everything happened so quickly that I did not even get a chance to refuse," she said.
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Chinese Loan App Sent Morphed Porn To Debtors' Families, India Head Arrested
The Economic Offence Wing (EOW) of Odisha Police arrested the India head of a Chinese earning App involved in an online ponzi scam, an official statement said.
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Engineering Student Dies By Suicide Due To Inability To Repay Loan: Cops
A 22-year-old engineering college student allegedly died by suicide here after agents of a Chinese money lending app threatened to make public his intimate photographs on his mobile phone, for not repaying the loan.
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Online Loan Racket Using Chinese App Busted At Delhi Call Centre
Eighteen people of a East of Kailash-based call centre, which operated under the guise of a financial company, were apprehended for allegedly defrauding people after giving them loans at low interest rates through a Chinese mobile application.
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Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
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Probe Agency Files Chargesheet Against Razorpay In Money Laundering Case
The Enforcement Directorate said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals, and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps.
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ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
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Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
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Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
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India Says China Should Take Losses On Loans To Struggling Economies
India called on China to be willing to take losses on loans to struggling economies, and asked the world's biggest bilateral creditor to developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.
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Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
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Government Bans Over 230 Betting, Loan Lending Apps With Chinese Links After Complaints of Extortion
Central government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on an 'urgent' and 'emergency' basis, top government sources said on Sunday. As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the Ministry subsequently initiated the process as per commun...
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
-
Pakistan Fear Mounts As Final Outcome Of Loan Talks With China Appears Bleak
Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.
-
Chinese National Seeks To Return to Country, High Court Cites Pending Trial
The Karnataka High Court has dismissed a petition filed by a Chinese national accused in alleged loan app scams, seeking permission to travel back to her country pending trial on the grounds of meeting her ailing father.
-
Chinese Woman Claims She Was Pressured By Employer To Take Rs 2.9 Lakh Loan For A Nose Job
"Everything happened so quickly that I did not even get a chance to refuse," she said.
-
Chinese Loan App Sent Morphed Porn To Debtors' Families, India Head Arrested
The Economic Offence Wing (EOW) of Odisha Police arrested the India head of a Chinese earning App involved in an online ponzi scam, an official statement said.
-
Engineering Student Dies By Suicide Due To Inability To Repay Loan: Cops
A 22-year-old engineering college student allegedly died by suicide here after agents of a Chinese money lending app threatened to make public his intimate photographs on his mobile phone, for not repaying the loan.
-
Online Loan Racket Using Chinese App Busted At Delhi Call Centre
Eighteen people of a East of Kailash-based call centre, which operated under the guise of a financial company, were apprehended for allegedly defrauding people after giving them loans at low interest rates through a Chinese mobile application.
-
Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
-
Probe Agency Files Chargesheet Against Razorpay In Money Laundering Case
The Enforcement Directorate said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals, and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps.
-
ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
-
Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
-
Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
-
India Says China Should Take Losses On Loans To Struggling Economies
India called on China to be willing to take losses on loans to struggling economies, and asked the world's biggest bilateral creditor to developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.
-
Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY
The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. The government last week ordered blocking of 232 apps operated by overseas ent...
-
Government Bans Over 230 Betting, Loan Lending Apps With Chinese Links After Complaints of Extortion
Central government has initiated the process to ban and block 138 betting apps and 94 loan lending apps with Chinese links on an 'urgent' and 'emergency' basis, top government sources said on Sunday. As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the Ministry subsequently initiated the process as per commun...
