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You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
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Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
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<p style="text-align:justify"><em>Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.</em></p>
<p style="text-align:justify">Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook.</p>
<p style="text-align:justify">It was a small amount. Just Rs 500. She had to repay Rs 550, two weeks later. The app even had a borrowing limit of Rs 1,000. Recently, her parents had become stricter with her allowance. She needed the cash just to get by for a couple of days till her weekly ‘payday’. She could pay it back then.</p>
<p style="text-align:justify">Two days later, a message popped up informing Meghna that both her borrowing limit and payback time had increased. She could now borrow up to Rs 2,000 for up to two months. Fast forward a couple of weeks and she didn’t have enough to go out clubbing. A couple of taps got her an instant Rs 1,500 in the bank. </p>
<p style="text-align:justify">“The company asked me to pay Rs 50 for every Rs 500 as interest. So, I figured I had to repay Rs 1,650 in two months. But no, if you take a two-month loan then you have to pay an extra interest of Rs 100,” said the 20-year-old undergraduate student from Badlapur, Maharashtra.</p>
<p style="text-align:justify">Soon, she couldn’t afford to take short loans but taking longer loans would mean larger payments and her allowance was almost dry trying to keep up with this vicious cycle.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/Suburban-Rural-Youth-Being-Sucked-Into-Instant-Loan-Apps-Trap?fbclid=IwAR0oiAepMvs13i3Eq9cYGHFpJSrxWMB1B_Hfl6yejWGWVQrDmTv1SR5m-I0">click here</a> to read more. </p>
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
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Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
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LATEST NEWS UPDATES | How Suburban, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha </title>
<meta name="description" content="-Newsclick.in
Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been..."/>
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Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been..." />
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newsclick.in
Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook.
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
Vaishnavi Rathore of digital magazine Bastian also won the award for reporting on environmental and development issues.
Dainik Bhaskar won the Prem Bhatia Awards for outstanding political reporting for this year, for their coverage of under-reporting of Covid deaths across the country, as per a press...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
From a media blackout to carrying government handouts, Bangladeshi media’s coverage of the recent communal violence is a reflection of declining press freedom.
A little after 2am on October 13, the eighth day of Durga Puja, a man walked into the puja venue at Nanuardighi in...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Hindu
COP26 must focus sharply on reducing emissions till 2030, rather than on net zero 2050, which is too distant a goal
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Tribune
Along with better forecasts, we need better monitoring and reporting of actual rainfall, water levels in rivers and incidents of landslides. More timely and location-specific forecasts that would enable the disaster management authorities to take the necessary advance actions would help. Such emergency action...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newsclick.in
Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook.
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
Vaishnavi Rathore of digital magazine Bastian also won the award for reporting on environmental and development issues.
Dainik Bhaskar won the Prem Bhatia Awards for outstanding political reporting for this year, for their coverage of under-reporting of Covid deaths across the country, as per a press...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
From a media blackout to carrying government handouts, Bangladeshi media’s coverage of the recent communal violence is a reflection of declining press freedom.
A little after 2am on October 13, the eighth day of Durga Puja, a man walked into the puja venue at Nanuardighi in...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Hindu
COP26 must focus sharply on reducing emissions till 2030, rather than on net zero 2050, which is too distant a goal
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Tribune
Along with better forecasts, we need better monitoring and reporting of actual rainfall, water levels in rivers and incidents of landslides. More timely and location-specific forecasts that would enable the disaster management authorities to take the necessary advance actions would help. Such emergency action...</p>
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LATEST NEWS UPDATES | How Suburban, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha </title>
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Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
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<br><small>October 25, 2021</small>
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Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook.
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
Vaishnavi Rathore of digital magazine Bastian also won the award for reporting on environmental and development issues.
Dainik Bhaskar won the Prem Bhatia Awards for outstanding political reporting for this year, for their coverage of under-reporting of Covid deaths across the country, as per a press...</p>
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-Newslaundry.com
From a media blackout to carrying government handouts, Bangladeshi media’s coverage of the recent communal violence is a reflection of declining press freedom.
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Hindu
COP26 must focus sharply on reducing emissions till 2030, rather than on net zero 2050, which is too distant a goal
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<br><small>October 25, 2021</small>
<p style="padding-top: 6px;">-The Tribune
Along with better forecasts, we need better monitoring and reporting of actual rainfall, water levels in rivers and incidents of landslides. More timely and location-specific forecasts that would enable the disaster management authorities to take the necessary advance actions would help. Such emergency action...</p>
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LATEST NEWS UPDATES | How Suburban, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha
-Newsclick.in
Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021.
Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook.
It was a...
-Newslaundry.com
Vaishnavi Rathore of digital magazine Bastian also won the award for reporting on environmental and development issues.
Dainik Bhaskar won the Prem Bhatia Awards for outstanding political reporting for this year, for their coverage of under-reporting of Covid deaths across the country, as per a press...
-Newslaundry.com
From a media blackout to carrying government handouts, Bangladeshi media’s coverage of the recent communal violence is a reflection of declining press freedom.
A little after 2am on October 13, the eighth day of Durga Puja, a man walked into the puja venue at Nanuardighi in...
-The Hindu
COP26 must focus sharply on reducing emissions till 2030, rather than on net zero 2050, which is too distant a goal
The stage is set for the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, starting October 31. Major preparatory conferences and...
-The Tribune
Along with better forecasts, we need better monitoring and reporting of actual rainfall, water levels in rivers and incidents of landslides. More timely and location-specific forecasts that would enable the disaster management authorities to take the necessary advance actions would help. Such emergency action...
