London Daily

Focus on the big picture.
Thursday, Sep 04, 2025

0:00
0:00

Govt sets up committees to scrutinise crypto ads, fake online reviews and ed-tech firms

The Consumer Affairs Ministry has formed three panels to form guidelines on advertisements and claims by Crypto exchanges, Ed-tech companies and fake reviews on e-commerce platforms.
In a bid to protect consumers from being the victim of exorbitant claims by advertisers from sectors like edtech and cryptocurrency, the government is planning to tighten the noose. To streamline guidelines on promotional claims by these companies and offer relief to the aggrieved consumers, it has now formed separate committees.

The Ministry of Consumer Affairs has formed three panels to form guidelines and/or FAQs on cryptocurrency, edtech companies and fake reviews that have become prevalent on e-commerce platforms, a senior government of India official has said as part of a media interaction.

According to Rohit Kumar Singh, Secretary, Ministry of Consumer Affairs, the committees have been formed with inputs from all industry stakeholders.

“We met representatives from all e-commerce industry stakeholders like companies, ASCI (Advertising Standards Council of India), industry bodies CII, FICCI, Assocham and others some ten days ago. This is to form guidelines to curb fake reviews on e-commerce platforms, which even companies want to get rid of. The guidelines will be formed within the next 60 days”, said Singh.

Citing a report by European Commission, he added that nearly 55 per cent of the companies operating in the region are suffering from fake reviews, which is an indication of the quantum of the issue.

A separate committee has been formed to control exorbitant claims made by edtech companies in their advertisement and promotional campaigns that is headed by Joint Secretary Anupam Mishra. While, the third panel - tasked with forming FAQs (Frequently Asked Questions) on cryptocurrency, which are heavily taxed. This committee is being headed by another Joint Secretary at the ministry Vineet Mathur, Singh said.
Newsletter

Related Articles

0:00
0:00
Close
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Queen Camilla’s Teenage Courage: Fended Off Attempted Assault on London Train, New Biography Reveals
Scottish Brothers Set Record in Historic Pacific Row
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Court of Appeal Allows Asylum Seekers to Remain at Essex Hotel Amid Local Tax Boycott Threats
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Pickles are the latest craze among Generation Z in the United States.
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
WhatsApp is rolling out a feature that looks a lot like Telegram.
Investigations Reveal Rise in ‘Sex-for-Rent’ Listings Across Canada Exploiting Vulnerable Tenants
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
×