Monday, 24 April, 2023

Finance Ministry Collaborates with MEITY and RBI to Curb Ponzi Apps: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announces a joint effort between the Ministry of Finance, Ministry of Electronics and IT, and Reserve Bank of India to crack down on Ponzi apps in India. With the rise of fraudulent schemes disguised as investment and financial apps, the govt aims to protect consumers and prevent financial scams. This collaborative effort will involve stringent measures to identify and shut down such apps, ensuring the safety and security of users.