Government Warns Platforms Against Fraudulent-Loan-Ads: Minister Chandrasekhar Takes Stand on Deceptive Practices

Government Warns Platforms Against Fraudulent-Loan-Ads: Minister Chandrasekhar Takes Stand on Deceptive Practices

Asif Iqbal | December 27, 2023 | 01:55 PM IST | Social Media | Follow on Google News

Government Warns Platforms Against Fraudulent-Loan-Ads: Minister Chandrasekhar Takes Stand on Deceptive Practices.image/agencies

Government Warns Platforms Against Fraudulent-Loan-Ads: Minister Chandrasekhar Takes Stand on Deceptive Practices

The government has instructed social media and online platforms to refrain from hosting advertisements of deceptive loan applications, as stated by Union Minister Rajeev Chandrasekhar on Wednesday. Mr. Chandrasekhar emphasized that the Ministry of Information Technology (IT) has explicitly communicated to these platforms that they must not display advertisements for fraudulent loan applications, as such practices are deceptive and take advantage of individuals using the internet.

Addressing the issue, the Minister of State for Electronics and IT mentioned that the government is currently focusing on cracking down on the advertising of fraudulent loan applications, which several platforms have been promoting. He highlighted that the advisory issued the day before makes it unequivocal that no intermediary should carry advertisements for deceptive loan applications. This is essential to prevent misleading practices and protect individuals who utilize the internet.

Speaking on the sidelines of an event, Mr. Chandrasekhar noted that there is an ongoing evolution in jurisprudence and the government’s approach toward ensuring a safe and trusted internet environment. He pointed out that the existing IT rules clearly identify 11 categories of prohibited content, indicating the government’s commitment to regulating and maintaining a secure online space.

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Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.