New Delhi, December 27: The center said on Wednesday that it has instructed social media subsidiaries and online platforms to actively prohibit and delete illegal loan and gambling applications in accordance with the existing IT rules.On Tuesday, the Ministry of Electronics and Information Technology (MEITY) issued a suggestion that all digital intermediaries are required to actively abide by the existing IT rules, especially in the context of errors and in -depth forgery.In this announcement, the Ministry of Information Technology further emphasized the obligation to prohibit illegal loans and gambling applications from intermediaries.Jaipur Wealth Management
The notice states: "The intermediary/platform should take additional measures, and no illegal loan and gambling application advertisements may be allowed to deceive and mislead users. The consequences will be fully responsible for the intermediary/platform."
This proposal was released in the context of the government’s decisive crackdown on deep fraud, false information, and the proliferation of illegal loans and gambling applications, which reflected the promise of creating a safe and reliable Internet for all digital citizens.Surat Investment
At a meeting held in October, Meity and the Indian Reserve Bank (RBI) discussed the necessary action to combat illegal gambling applications.During the meeting, the IT Ministry urged India Reserve Bank to design a more comprehensive understanding of the customer (KYC) process for the bank.
The proposed KYC process is called "Knowing your digital financial application" (KYDFA), which aims to improve the ability to effectively track and solve rogue loan applications.The proposal was officially conveyed to the Ministry of Financial Services (DFS) and Indian Reserve Bank on October 13.Rajeev Chandrasekhar, the Minister of Electronics and Information Technology of India, said on Wednesday, "One of the areas we are fighting now is the advertisement of fraudulent loan applications on many platforms."Chennai Stock
The minister said: "Through yesterday’s suggestion, we have clearly stated that any intermediary agency cannot publish advertisements for fraud loan applications because this will be misleading and using people who are using the Internet." The consultation also emphasized that the intermediary agency adopted the adoption of the intermediary agency.The importance of a strong appeal remedy mechanism.Lucknow Wealth Management
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