The Central Government has issued the order to ban over 54 Chinese Apps due to the threat to the privacy and security of Indians. A lot of these apps belongs to large Chinese technology firms like Tencent, Alibaba and NetEase and are rebranded avatars of apps that have been banned in the country starting from the year 2020.
- Adani Green Energy Shares Soar 7% as Arm Comisiones 57 MW Wind Power Component
- IRFC Shares Rally 3% on Emerging L1 for Banhardih Coal Block Financing
- Minda Corporation Shares Rally 5% on Plans to Acquire Stake in Flash Electronics
- Stocks Under F&O Ban: Hindustan Copper, RBL Bank, and Others
- Stocks in Focus: J&K Bank, IRFC, Adani Green Energy, Vodafone Idea, and Others
The Ministry of Electronics and Information Technology (MeitY), which issued the order to ban these apps because they are transferring sensitive data of Indians to servers to China, and the ministry has also directed Google’s Play Store to block these applications. MeitY has enforced the ban on these apps under Section 69A of the Information Technology Act, 2000. Since June 2020, the Indian Government has banned around 224 Chinese apps, including popular applications such as TikTok, Shareit, WeChat, Helo, Likee, UC News, Bigo Live, UC Browser, ES File Explorer, and Mi Community.