Loan apps: Government issues ‘advisory’ to social media companies, online platforms about these ads
Loan apps: Government issues ‘advisory’ to social media companies, online platforms about these ads
The central government has directed all social media companies and online platforms to not carry advertisements of fraudulent loan apps. IT minister Rajeev Chandrasekhar has said that these illegal loan apps are misleading, and exploit people who are using the internet. The government's advisory emphasizes that intermediaries and platforms must not permit any advertisements of illegal loan and betting apps that have the potential to scam and mislead users. The advisory also highlights the importance of robust grievance redressal mechanisms employed by intermediaries.
The central government has directed all social media companies and online platforms to not carry advertisements of fraudulent loan apps. IT minister Rajeev Chandrasekhar has said that these illegal loan apps are misleading, and exploit people who are using the internet. The government's advisory emphasizes that intermediaries and platforms must not permit any advertisements of illegal loan and betting apps that have the potential to scam and mislead users. The advisory also highlights the importance of robust grievance redressal mechanisms employed by intermediaries.
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The central government has directed all social media companies and online platforms to not carry advertisements of fraudulent loan apps. IT minister Rajeev Chandrasekhar has said that these illegal loan apps are misleading, and exploit people who are using the internet. The government's advisory emphasizes that intermediaries and platforms must not permit any advertisements of illegal loan and betting apps that have the potential to scam and mislead users. The advisory also highlights the importance of robust grievance redressal mechanisms employed by intermediaries. 
