No proposal to regulate financial influencers: FM
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Finance Minister Nirmala Sitharaman on Sunday said the government has no proposal to regulate the financial influencers at present, while at the same time suggesting that social media users need to exercise caution while consuming content from such influencers.
"If there are three or four people giving us free objective good advice, there are seven others who are also driven by some other considerations," Sitharaman said.
FM said there are apps offering lucrative returns. "Many of the apps are ponzi. We are working with the ministry of information technology and RBI and clamping down on them like never before," said Sitharaman.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
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