PERSONAL FINANCE
Nirmala Sitharaman pointed out the danger of a possible rise in money fraud with the rise of financial influencers.
Finance Minister Nirmala Sitharaman addressed the issue of financial influencers in India and warned that Panzi apps offering financial solutions are dangerous. Sitharaman is reportedly working with the Ministry of Electronics and Information Technology and the RBI to clamp down on fraudulent apps and protect citizens from financial scams.
"If there are three or four people giving us very objective, good advice, there are seven others out of 10 who are probably driven by some other considerations," she cautioned.
Talking about Financial influencers at an event in Bengaluru, Sitharaman cautioned anybody seeking their advice and asked people to double-check before relying on any advice so that no individual faces a loss of hard-earned money.
Read: Apple hired MBA, BTech employees for salesperson jobs, offered iPhone, iPad discounts, salaries to be...
Now the question is who are Financial influencers?
Financial influencers are individuals who share tips and strategies on how to manage money. Financial influencers typically share financial advice through social media platforms and/or a blog or website.
Financial influencers or 'finfluencer' is a social media influencer. Personal finance influencers share financial knowledge through social media platforms such as YouTube channels, Instagram, Facebook and others.
Sitharaman said that seeking advice from any social media influencer without double-checking can be dangerous as the number of fake apps is also increasing with more people trusting the advice of finfluencers.
'Bishnoi ko bulaun kya?': Salman Khan fan illegally enters shooting set, threatens actor
Delhi Metro Blue line services affected today due to...
Bitcoin hits new all-time high of $100,000
French PM Michel Barnier's government loses confidence vote, gets removed in less than 3 months
YouTuber Ashish Chanchlani lost 40 kg in just 6 months by doing THIS
Devendra Fadnavis to take oath today along with his deputies Eknath Shinde, Ajit Pawar
Pushpa 2: Woman dies, child injured in stampede at Allu Arjun-starrer's premiere in Hyderabad
Shillong Teer Result TODAY December 5, 2024 Thursday: Check 1st, 2nd-round lucky winning numbers
US President-elect Donald Trump nominates Jared Isaacman as NASA administrator
AUS-W vs IND-W, 1st ODI: Predicted playing XIs, live streaming details, weather and pitch report
Watch: Virat Kohli, Jasprit Bumrah face-off in nets ahead of Adelaide pink-ball Test
Still holding Rs 2000 notes? Know where and how to exchange them
Viral video: Little girl's adorable dance to 'Namak' wins hearts online, watch
Stop removing wax from your ears, here's why
Inside Ananya Panday's luxurious Mumbai house with amazing aesthetics, see pics
Maharashtra CM Swearing-in Ceremony Today: Check traffic advisory, routes to avoid and more
Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur shares photo of her new companion
AUS-W vs IND-W, 1st ODI Dream11 prediction: Fantasy cricket tips for Australia vs India match
Naga Chaitanya, Sobhita Dhulipala are now married; Nagarjuna drops their dreamy wedding photos
Pushpa The Rise: Where to watch Allu Arjun, Rashmika Mandanna film
UnitedHealthcare CEO Brian Thompson fatally shot in New York, reports say
First photo from Naga Chaitanya-Sobhita Dhulipala's grand wedding is here
From a fan to final boss: The Rock's journey from 11-year-old spectator to wrestling legend
‘India, Virat Kohli dying to play in Pakistan’: Shoaib Akhtar's BIG claim amid Champions Trophy row
Meet Ricky Kej who created Guinness World Record with unique rendition of Indian National Anthem
Meet ex-India cricketer who won World Cup with Virat Kohli, retired from cricket to join SBI, he is…
Why sleeping apart works for this married couple in building a healthier relationship?
The Rise of Lab-Grown Diamonds – Why Consumers are Choosing Sustainable Luxury
From Abroad to Home: Real Estate Investment Tips for NRIs in Indian Cities
Suhana Swasthyam 2024: India’s Premier Wellness Festival Celebrates Mindfulness and Inner Well-being
5 makeup trends that everyone will be talking about in 2025
IND vs AUS: How has Virat Kohli performed in pink-ball Test matches?
Meet Sufiyan Muqeem, Pakistan's mystery spinner who scripted history vs Zimbabwe in 2nd T20I
'Jai Shri Ram': Little kid dressed as 'Ram Lalla' steals hearts online, WATCH viral video
Charting a New Course: Unmanned systems and future of Indian Navy
WhatsApp to stop working on THESE iPhones from..., check list here
Renting Love: Why Vietnam’s youth is hiring partners to keep families satisfy
Pushpa 2 price hike gets thumbs up from Ram Gopal Varma, says 'why cry over movie tickets?'
Will KL Rahul open? India star drops major hint about batting position in Adelaide Test
Who is the next BCCI secretary? State units wonder after Jay Shah's elevation to ICC
IIT Madras student receives job offer worth Rs 4.3 crores from THIS company, set to work as...
Devendra Fadnavis set to be next Maharashtra CM: 'Ek hain toh safe hain'
J-K: Grenade attack by terrorists on Army post in Poonch; no casualties
Indian tech entrepreneur Yash Gupta launches breakthrough recycling plant to combat e-waste crisis
Cloud Architecture and Migration: The expertise and achievements of Anand Kumar Chennupati
Indian Navy’s Power on Display: Odisha hosts Navy Day operational spectacle
Chandni Chowk is among least polluted spots in Delhi, reason is...
THIS star cricketer confirms rift with MS Dhoni, says 'we don't talk...'
Singham Again OTT Release: Ajay Devgn film to start streaming online from.... but there is a twist
Shatrughan Sinha reacts to Vikrant Massey's temporary break from acting: 'Aaj kal be bache zyada...'
Jamshetji Tata shut down first business where Tata name was used due to...
Naga Chaitanya Sobhita Dhulipala Wedding Live Updates: Nagarjuna drops FIRST photos of the newlyweds