Feature
Young females clicking nude selfies to avail loans in this country
Beijing: In a strange and weird matter came into limelight from China where Millennials females were simply offered loans for just sending their nude selfies and in return companies giving them huge amount of Chinese money.
As we all know that with rapid growth of technology, one would think securing loans must be easy now. Just fill a form online/offline and little formalities here and there? No.
In a rather strange development, few loan companies in China are resorting to appalling methods to give loans to youngsters. They have been offering ‘naked loan services’, in which loans/funds can be acquired by providing nude selfies as collateral.
According to reports, few loan companies and e-commerce websites, which are aware that youngsters are in need of quick funds, demand nude selfies as collateral from their clients.
What’s scarier is that if the loans aren’t paid on time, the companies blackmail them by threatening to leak the photographs online, and many are reportedly asked to pay off their loans in return for sex.
Companies asking nude selfies image of girls to offer loans to Millenials:
The companies also charged hefty interests on loans, which eventually forced the borrowers to send more nudes. This problem became so rampant that China’s financial regulators, last year, promised to crack down on ‘unlicensed microlenders’.
Since then, they have introduced rules, which forbid unlicensed organizations and individuals from conducting a lending business, or giving loans to borrowers who have no source of income.
“Amid the rapid development of cash loans-while they have played a role in meeting the normal credit needs of some groups-problems like over-lending, repeat borrowing, improper collection, abnormally high interest rates, and privacy violations have become prominent,” they said.
Sadly, local reports suggest the problem is still prevalent deeply on social media. A multi-ministry group, tasked by Central Government, was also formed for the same. China, where the cost of living is high and chances to secure a credit card is quite low, the ‘naked loan services’ have opened up big opportunities for young adults.
However, it’s astounding to see how easily the youngsters gave in and are now caught in its dark side.
The State Scores Extra High on Gaming-Friendly Industry Index
Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.
The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports
Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.
All for the Tourists
The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.
“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.
To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.
Meghalaya Reaches Out to a Vast Market
With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.
Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).
Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.
Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.
Local Citizens will Still have Their Teer Betting
Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.
Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.
The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.
If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.
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