Finance
Government Introduces New Regulations for Influencers
The Indian government introduced fresh regulations aimed at ensuring compliance with the Consumer Protection Act among social media influencers and individuals endorsing products or treatments related to medical conditions, according to an official statement. The latest guidelines are a continuation of the standards introduced in March 2023 to ensure that individuals do not mislead their audiences when endorsing products or services.
The primary objective is to guarantee compliance with the Consumer Protection Act and its associated regulations and directives, as stated by Rohit Kumar Singh, the Secretary of Consumer Affairs. Under these guidelines, deceptive advertisements, unsupported claims, and a lack of transparency in endorsements related to health and wellness are now subject to penalties under consumer protection laws.
Digital influencers, particularly those on popular social media platforms like Instagram, wield significant influence. Influencers are a vital component of the vast industry that drives sales and marketing through entertainment, as they enter into marketing agreements with companies to endorse products. They play a pivotal role in shaping the purchasing decisions of their extensive base of social media followers.
Finance
Artificial Intelligence Impact On Creator Economy Is Both Boon And Bane
Artificial intelligence (AI) may soon overtake the creator economy as it help to reduce costs, simplify content production and evolve traditional work culture.As we covered in a previous article, The 1% Club, is a financial education platform founded by Instagram influencer Sharan Hegde. Sharan raised INR 10 crore funds from Zerodha co-founder Nikhil Kamath, yet […]
Finance
Financial Management for Indian Creators: Mastering the Art of Budgeting, Saving, and Investing
In the vibrant world of content creation, where creativity meets entrepreneurship, Indian creators are making their mark across various platforms. From YouTube to Instagram, X to podcasting, the opportunities seem endless. However, with great influence comes great financial responsibility. Let’s dive into the essential financial management tips that every Indian creator should know to build […]
Finance
5 Finance Influencers Explaining How to Invest Your First Rs 1000
Finance, investment, and stability are interconnected concepts that complement each other. Investing transcends mere profit; it encompasses the safeguarding of your financial future, the realization of your aspirations, and the creation of opportunities for both yourself and those around you. Many finance influencers have emphasized the significance of starting investments early to attain financial independence […]
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