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Fact-Checking Government-Related Online Posts in India

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In India, a government-run agency will now monitor and undertake fact-checking for government related matters on social media even as tech giants expressed grave concerns about it last year. The Ministry of Electronics and IT on Wednesday wrote in a gazette notification that it is cementing into law its proposal from last year about making the fact checking unit of Press Information Bureau the dedicated arbiter of truth for New Delhi matters. The Ministry of Information and Broadcast established the fact checking unit of Press Information Bureau in 2019 with the aim to dispel misinformation about government matters. The unit, however, has been criticized for falsely labelling information critical to the government as misleading. Relying on a government agency such as the Press Information Bureau as the sole source to fact-check government business without giving it a clear definition or providing clear checks and balances “may lead to misuse during implementation of the law, which will profoundly infringe on press freedom,” Asia Internet Coalition, an industry group that represents Meta, Amazon, Google and Apple cautioned last year.

2023: A Retrospective Look at Fintech Wins and Blunders

Top 10 Fintech Stories 2023
As 2023 comes to a close, we’re here to look back at the biggest fintech stories of the year. In April, Apple shared that Apple Card customers in the U.S. could open a savings account and earn interest through an Apple savings account, as reported by Romain Dillet. Another one of our most read stories of the year also involved a financial services giant rather than a startup. X1, which offers an income-based credit card with rewards, had raised a total of $62 million in venture-backed funding. Why X1 in particular over the many other credit card startups out there?