Key Points
The government promotes digitization, which involves commerce going online and eases activity as well as audit trails..
But, of late, the Securities and Exchange Board of India (Sebi) has stepped in to protect small investors by proposing to bring a class of unregistered financial influencers," now termed finfluencers, under regulation..
This move is welcome, as individual investors who are not market-savvy often depend on advice from experts who speak on TV or express views in newspapers or on social media..
Second, curiously, while digitization has been given an official push and the Reserve Bank of India has a campaign asking people to be careful, one can still fall into the trap of being duped through online links and calls..
But then, remember that Sebis battle on participatory notes is still not over, although for decades it has sought to stop Indians channelling unaccounted money back into India through foreign investment units registered overseas in places like Mauritius..
You might be interested in
Indian editors decry government move to police online news
07, Apr, 23The Editors Guild of India is deeply disturbed by the government's move to police news on social media through a self-appointed fact-checking unit, the industry body said on Friday, describing the new rules as draconian and akin to censorship.
Sebi proposes brokers stay away from unregulated financial influencers
25, Aug, 23The Securities and Exchange Board of India (Sebi) said in a consultation paper that influencers not registered with the relevant financial sector regulator might not have the requisite qualifications or expertise on the subject.
US Supreme Court weighs if public officials can block critics on social media
31, Oct, 23The U.S. Supreme Court on Tuesday waded into the issue of free speech rights in the digital age during arguments in cases from California and Michigan involving whether public officials may legally block others on social media, a function often used on these platforms to stifle critics.
A censor board for OTT platforms? Think again.
11, Dec, 23Content filters could suffocate entertainment and come to prove counter-productive for the government. Quality entertainment needs a mature audience as well as mature governance.
Modi ki guarantee on PSU stocks! 22 multibaggers, Rs 24 lakh crore profit after PM speech
07, Feb, 24The 56-pack BSE PSU index has seen its total market value soaring 66% to Rs 59.5 lakh crore, giving investors a profit of Rs 23.7 lakh crore on current market prices. None of the PSU stocks in the list have given negative returns since PM's speech less than 6 months ago. Even the worst performer SBI is up 12% while the top gainer NBCC has skyrocketed 249% in no time.
Pune techie clicks on social media ad, ends up losing over Rs 17 lakh
22, Dec, 23A 34-year-old techie from Pune clicked on a social media ad in hopes of making some extra money. However, he fell prey to an online scam and ended up losing over Rs 17 lakh.
Influencers lawyer up to help protect personal brands
14, Dec, 23Content creators from the field of cooking to beauty and auto to fitness, on platforms such as Meta-owned Instagram or Alphabet-owned YouTube, are seeking lawyers' help to protect their IP rights to help them protect brands and even negotiate contracts with brands and other third parties.
Sebi whips Baap of Chart, asks to deposit ₹17 crore in escrow
25, Oct, 23Every entity giving stock advice needs to be registered with the market regulator
Financial Inclusion: Why financial literacy of people is the way forward
12, May, 23India Business News: In the last nine years, the government has given impetus to the financial inclusion drive.
RBI not planning to regulate social media influencers
08, Jun, 23India Business News: MUMBAI: The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financ.