Google removes loan apps from Play Store over safety policy violations : Bulletin: Business Today
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Google removes loan apps from Play Store over safety policy violations

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Rashi Bisaria | January 15, 2021

Farm bills have potential to represent important measure for agri reforms in India: IMF

The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here. There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.

Google removes loan apps from Play Store over safety policy violations

Search engine giant Google reviewed hundreds of loan apps on the Play Store and found that an unidentified number of apps violated the Play Store's safety policies. The company has removed these apps from its platform. Google's crackdown on lending apps in the country comes after the Reserve Bank of India (RBI) announced that it was forming a working group to regulate digital lending.

Passenger vehicle sales grow 13.6% in Dec; signals rebound in auto sector

Passenger vehicles sales grew 13.59 per cent in December 2020 at 252,998 units compared to 222,728 units in December 2019, according to industry body SIAM (Society of Indian Automobile Manufacturers). This is a significant improvement in PV sales after growth of 4.65 per cent was recorded in November.

IT companies' revenues to grow up to 9% on tech demand: ICRA

Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said on Thursday. Rating agency Icra gave a "stable" outlook for the sector, whose size is pegged at over $180 billion by industry lobby Nasscom, including the business process outsourcing business.

President-elect Joe Biden announces $1.9 trillion stimulus to jump-start US economy

President-elect Joe Biden has unveiled a stimulus package of $1.9 trillion designed to jump-start the economy during the coronavirus pandemic. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that pledge into action with an influx of resources for the coronavirus vaccine rollout and economic recovery.

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