Did FM Sitharaman really advise investing in Crypto to become rich? Here’s the truth

With the advent of social media and the race for page views, fake news has become increasingly prevalent. Every day, we come across dozens of social media posts and videos making fake claims to tarnish the image of someone or spreading blatant lies, such as false announcements about government schemes supposedly launched for the benefit of students, investors, or specific sections of people.

Now, a video circulating on social media shows Union Finance Minister Nirmala Sitharaman promoting a crypto product to earn daily income easily.

In the video the FM is said to be saying that thousands of Indians have already earned up to Rs 15 lakh in just one month with investments starting from Rs 21,000.

Also Read: Will RBI penalize individuals for holding multiple bank accounts? Here’s what Govt says!

However, after checking the facts, the Press Information Bureau (PIB) in its Fake News Alert today said that this is a digitally-altered fake video, and has been edited using Artificial Intelligence (AI)! The Finance Minister didn’t promote any cryptocurrency platform or product in her address.

Therefor, “beware of such videos promoting cryptocurrency platforms/ products,” it advised the readers.

 » Read More

Related Articles

Budget 2025: New capital gains tax rules – latest LTCG and STCG rates revealed!

Finance Minister Nirmala Sitharaman made minor tweaks to the capital gains tax system in Budget 2025, following a major overhaul in the July 2024 Budget. The tax rates and holding periods for different assets remain unchanged, meaning the rules for long-term capital gains (LTCG) and short-term capital gains (STCG) will continue for the financial year

Swiggy Q3 Results: Loss widens to Rs 799.08 cr; food delivery margin expansion balanced by investment in Q-commerce

Food delivery company Swiggy on Wednesday released its fiscal third quarter earnings report wherein it recorded a widened loss of Rs 799.08 crore in comparison to a loss of Rs 574.38 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3993.07 crore, up 30.98 per cent as against Rs

Trent shares down 17% in 1 month – What’s the expert advice now?

Trent’s share price is seeing some intra-day relief ahead of its earnings after the massive 6% plus cut seen in trade on Tuesday- February 4. The stock was under pressure after Reliance Retail relaunched the Chinese brand Shein. This was mainly due to concerns about competition as the app for the Chinese brand, Shein, clocked

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Budget 2025: New capital gains tax rules – latest LTCG and STCG rates revealed!

Finance Minister Nirmala Sitharaman made minor tweaks to the capital gains tax system in Budget 2025, following a major overhaul in the July 2024 Budget. The tax rates and holding periods for different assets remain unchanged, meaning the rules for long-term capital gains (LTCG) and short-term capital gains (STCG) will continue for the financial year

Swiggy Q3 Results: Loss widens to Rs 799.08 cr; food delivery margin expansion balanced by investment in Q-commerce

Food delivery company Swiggy on Wednesday released its fiscal third quarter earnings report wherein it recorded a widened loss of Rs 799.08 crore in comparison to a loss of Rs 574.38 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3993.07 crore, up 30.98 per cent as against Rs

Trent shares down 17% in 1 month – What’s the expert advice now?

Trent’s share price is seeing some intra-day relief ahead of its earnings after the massive 6% plus cut seen in trade on Tuesday- February 4. The stock was under pressure after Reliance Retail relaunched the Chinese brand Shein. This was mainly due to concerns about competition as the app for the Chinese brand, Shein, clocked

New Income Tax Bill This Week: New tax law to change taxation rates? Get ready for THESE big changes

A new Income Tax Bill will be introduced in Parliament this week, which will replace the existing Income Tax Act of 1961. The new tax law is being brought to make the tax process simple and clear. Union Finance Minister Nirmala Sitharaman made many important announcements while presenting the budget on February 1. The most

Naukri-parent Info Edge Q3 Results: Profit surges 141.46% to Rs 288.42 crore on ‘consistent performance’ across four verticals

After its stock split announcement, Info Edge (India) on Wednesday released its fiscal third quarter earnings report. It posted a profit of Rs 288.42 crore during quarter, reporting a jump of 141.46 per cent in comparison to Rs 119.45 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 722.40 crore