Indian Government Considers Legislative Measures to Tackle Advertisements of Fraudulent Loan Apps on Social Media Platforms
The Indian government is taking steps to prevent social media platforms like Facebook and Instagram from hosting advertisements of fraudulent loan apps. Minister of State for Electronics and IT Rajeev Chandrasekhar announced that the existing Information Technology Rules will be amended to prohibit intermediaries from hosting these ads. This move aims to curb the distribution of such apps on the internet and ensure platforms are more accountable for the content they display. However, these amendments may not be enforced until after the General Elections later this year.
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