#FactCheck: Fake video falsely claims FM Sitharaman endorsed investment scheme
Executive Summary:
A video gone viral on Facebook claims Union Finance Minister Nirmala Sitharaman endorsed the government’s new investment project. The video has been widely shared. However, our research indicates that the video has been AI altered and is being used to spread misinformation.

Claim:
The claim in this video suggests that Finance Minister Nirmala Sitharaman is endorsing an automotive system that promises daily earnings of ₹15,00,000 with an initial investment of ₹21,000.

Fact Check:
To check the genuineness of the claim, we used the keyword search for “Nirmala Sitharaman investment program” but we haven’t found any investment related scheme. We observed that the lip movements appeared unnatural and did not align perfectly with the speech, leading us to suspect that the video may have been AI-manipulated.
When we reverse searched the video which led us to this DD News live-stream of Sitharaman’s press conference after presenting the Union Budget on February 1, 2025. Sitharaman never mentioned any investment or trading platform during the press conference, showing that the viral video was digitally altered. Technical analysis using Hive moderator further found that the viral clip is Manipulated by voice cloning.

Conclusion:
The viral video on social media shows Union Finance Minister Nirmala Sitharaman endorsing the government’s new investment project as completely voice cloned, manipulated and false. This highlights the risk of online manipulation, making it crucial to verify news with credible sources before sharing it. With the growing risk of AI-generated misinformation, promoting media literacy is essential in the fight against false information.
- Claim: Fake video falsely claims FM Nirmala Sitharaman endorsed an investment scheme.
- Claimed On: Social Media
- Fact Check: False and Misleading
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Introduction
National AVGC-XR stands for National Animation, Visual Effects, Gaming, Comics, and Extended Reality. On 21 Aug 2024 Shri Sanjay Jaju, Secretary, Ministry of Information and Broadcasting, Speaking at the 5th Global AVGC and Immersive Media Summit 2024, announced that the National AVGC-XR Policy will be implemented soon. National AVGC-XR policy aims to facilitate investment, foster innovation, ensure skill development, protect intellectual property and help build world-class infrastructure. Additionally, Atul Kumar Tiwari, Secretary of Ministry of Skills and Entrepreneurship, said that the Centre's decision to revamp 1,000 ITIs is pivotal in aligning workforce skills with AVGC industry needs. He called for enhanced intellectual property rights to retain talent and content in India.
Key Highlights of National AVGC-XR Policy
- The policy will be implemented in conjunction with the National AVGC-XR Mission to improve India's AVGC sectors through infrastructure development, skill enhancement, innovation, and regulatory support.
- The policy aims to improve India's international competitiveness in the AVGC industry, specifically by supporting the creation of unique intellectual properties (IPs) that can gain worldwide acclaim.
- The policy acknowledges the significance of adapting and converting content for various international viewers, which has become easier considering technological advancements.
- The government is dedicated to providing strong policies and financial backing to the AVGC industry, ensuring that India continues to be a worldwide leader in the sector.
Tech-driven trends in the AVGC-XR Sector promoting exponential growth
- Advancements in technology specifically when we talk about the Animation and VFX industry, emerging trends such as AR, VR, and real-time 3D technology, are driving the expansion of the metaverse, resulting in a rising need for fresh jobs and broadening uses beyond gaming into education, e-commerce, and entertainment. Moreover, the transition to cloud-oriented production processes and the increase in unique or original content on OTT platforms are improving cooperation and propelling industry growth. To drive expansion, global OTT leaders are commissioning more original content. This has increased the need for VFX, post-production, and animation services.
- Technological advancements in India's gaming industry, like cloud gaming, increased popularity of mobile gaming, the introduction of 5G and 6G, and recognition of e-gaming at national and international forums, are breaking down obstacles and fueling swift growth, positioning India as a key player in growing e-gaming sector worldwide. Furthermore, the integration of gamification and XR in education and training is generating immersive experiences that improve learning and skill building, contributing to the expansion of the AVGC-XR industry.
- The comics industry is being transformed by technological advancements like digital technology and self-publishing, which are increasing access and distribution through online platforms and social media. The rising popularity of graphic novels and the greater use of digital comics, particularly among young audiences with smartphones, are fueling substantial growth in the AVGC-XR industry.
- The use of AR, VR, and MR (Mixed Reality) technologies is rapidly growing due to tech-driven trends in Extended Reality (XR), transforming industries such as healthcare, education, and retail. The rising number of startups in this sector, boosted by higher venture capital funding, is speeding up the uptake of XR services, establishing it as a primary catalyst of innovation and expansion in various industries.
Final Words:
Just like the IT revolution, the Indian AVGC-XR industry along with technological trends and advancements has great potential. With the growth in various sectors within the AVGC industry, the right policy framework in place and government support, it will be forefront of India’s global standing in the AVGC sectoral growth including various Intellectual Property (IP), creations, and outsourcing services. The proposed AVGC-XR policy with a forward-thinking approach will drive the industry growth. Thus, a comprehensive integrated and collaborative approach is essential. Furthermore with rising trends in technological space including the use of AR, VR, cloud spaces, 6G and expansion of the OTT sector, the safe and secure use in terms of cybersecurity is encouraged to ultimately protect the interest of users and establish a safe secure cyber world driven by exponential growth in various sectors including AVGC. We’re at the cusp of a new era, where we’re looking at technological advancements not as a tool but as a way of life, hence safe and secure usage remains a top priority.
References:
- https://www.cii.in/PressreleasesDetail.aspx?enc=IkIXRoaDhS+jXtgjqb7UcbWSnaI7mgIS485nHsQEMbw
- https://www.thehindu.com/sci-tech/technology/avgc-xr-policy-to-be-implemented-in-tandem-with-national-avgc-xr-mission-ib-secretary/article68550433.ece#:~:text=Speaking%20at%20the%20Fifth%20Global,competitiveness%20by%20fostering%20infrastructure%20development%2C
- https://mib.gov.in/sites/default/files/Annexure%20C-AVGC-XR%20-%20Draft%20for%20National%20Policy_16th%20December%202022-AG%20EDIT.pdf
- https://www.drishtiias.com/daily-updates/daily-news-analysis/potential-of-india-s-avgc-xr-sector

Introduction
The much-awaited DPDP Rules have now finally been released in the official Gazette on 3rd January 2025 for consultation. The draft Digital Personal Data Protection Rules, 2025 (DPDP Rules) invites objections and suggestions from stakeholders that can be submitted on MyGov (https://mygov.in) by 18th February 2025.
DPDP Rules at Glance
- Processing of Children's Data: The draft rules say that ‘A Data Fiduciary shall adopt appropriate technical and organisational measures to ensure that verifiable consent of the parent is obtained before the processing of any personal data of a child’. It entails that children below 18 will need parents' consent to create social media accounts.
- The identity of the parents and their age can be verified through reliable details of identity and age available with the Data Fiduciary, voluntarily provided identity proof or virtual token mapped to the same. The data fiduciaries are also required to observe due diligence for checking that the individual identifying themselves as the parent is an adult who is identifiable, if required, in connection with compliance with any law for the time being in force in India. Additionally, the government will also extend exemptions from these specific provisions pertaining to processing of children's data to educational institutions, and child welfare organisations.
- Processing of Personal Data Outside India: The draft rules specify that the transfer of personal data outside India, whether it is processed within the country or outside in connection with offering goods or services to individuals in India, is permitted only if the Data Fiduciary complies with the conditions prescribed by the Central Government through general or specific orders.
- Intimation of Personal Data Breach: On becoming aware of a personal data breach, the Data Fiduciary must promptly notify the affected Data Principals in a clear and concise manner through their user account or registered communication method. This notification should include a description of the breach (nature, extent, timing, and location), potential consequences for the Data Principal, measures taken or planned to mitigate risks, recommended safety actions for the Data Principal, and contact information of a representative to address queries. Additionally, the Data Fiduciary must inform the Board without delay, providing details of the breach, its likely impact, and initial findings. Within 72 hours (or a longer period allowed by the Board upon request), the Data Fiduciary must submit updated information, including the facts and circumstances of the breach, mitigation measures, findings about the cause, steps to prevent recurrence, and a report on notifications given to affected Data Principals.
- Data Protection Board: The draft rules propose establishing the Data Protection Board, which will function as a digital office, enabling remote hearings, and will hold powers to investigate breaches, impose penalties, and perform related regulatory functions.
Journey of Digital Personal Data Protection Act, 2023
The foundation for the single statute legislation on Data Protection was laid down in 2017, in the famous ‘Puttaswami judgment,’ which is also well recognised as the Aadhar Card judgment. In this case, ‘privacy’ was recognised as intrinsic to the right to life and personal liberty, guaranteed by Article 21 of the Constitution of India, thus making ‘Right to Privacy’ a fundamental right. In the landmark Puttaswamy ruling, the apex court of India stressed the need for a comprehensive data protection law.
Eight years on and several draft bills later, the Union Cabinet approved the Digital Personal Data Protection Bill (DPDP) on 5th July 2023. The bill was tabled in the Lok Sabha on 3rd August 2023, and It was passed by Lok Sabha on 7th August, and the bill passed by Rajya Sabha on 9th August and got the president's assent on 11th August 2023; and India finally came up with the ‘Digital Personal Data Protection Act, 2023. This is a significant development that has the potential to bring about major improvements to online privacy and the handling of digital personal data by the platforms.
The Digital Personal Data Protection Act, 2023, is a newly-enacted legislation designed to protect individuals' digital personal data. It aims to ensure compliance by Data Fiduciaries and imposes specific obligations on both Data Principals and Data Fiduciaries. The Act promotes consent-based data collection practices and establishes the Data Protection Board to oversee compliance and address grievances. Additionally, it includes provisions for penalties of up to ₹250 crores in the event of a data breach. However, despite the DPDP Act being passed by parliament last year, the Act has not yet taken effect since its rules and regulations are still not finalised.
Conclusion
It is heartening to see that the Ministry of Electronics and Technology (MeitY) has finally released the draft of the much-awaited DPDP rules for consultation from stakeholders. Though noting certain positive aspects, there is still room for addressing certain gaps and multiple aspects under the draft rules that require attention. The public consultation, including the inputs from the tech platforms, is likely to see critical inputs on multiple aspects under the proposed rules. One such key area of interest will be the requirement of verifiable parental consent, which will likely include recommendations for a balanced approach which maintains children’s safety and mechanisms for the requirement of verifiable consent. The Provisions permitting government access to personal data on grounds of national security are also expected to face scrutiny. The proposed rules, after the consultation process, will be taken into consideration for finalisation after 18th February 2025. The move towards establishing a robust data protection law in India signals a significant step toward enhancing trust and accountability in the digital ecosystem. However, its success will hinge on effective implementation, clear compliance mechanisms, and the adaptability of stakeholders to this evolving regulatory landscape.
References

Social media has become far more than a tool of communication, engagement and entertainment. It shapes politics, community identity, and even shapes agendas. When misused, the consequences can be grave: communal disharmony, riots, false rumours, harassment or worse. Emphasising the need for digital Atmanirbhar, Prime Minister Narendra Modi recently urged India’s youth to develop the country’s own social media platforms, like Facebook, Instagram and X, to ensure that the nation’s technological ecosystems remain secure and independent, reinforcing digital autonomy. This growing influence of platforms has sharpened the tussle between government regulation, the independence of social media companies, and the protection of freedom of expression in most countries.
Why Government Regulation Is Especially Needed
While self-regulation has its advantages, ‘real-world harms’ show why state oversight cannot be optional:
- Incitement to violence and communal unrest: Misinformation and hate speech can inflame tensions. In Manipur (May 2023), false posts, including unverified sexual-violence claims, spread online, worsening clashes. Authorities shut down mobile internet on 3 May 2023 to curb “disinformation and false rumours,” showing how quickly harmful content can escalate and why enforceable moderation rules matter.
- Fake news and misinformation: False content about health, elections or individuals spreads far faster than corrections. During COVID-19, an “infodemic” of fake cures, conspiracy theories and religious discrimination went viral on WhatsApp and Facebook, starting with false claims that the virus came from eating bats. The WHO warned of serious knock-on effects, and a Reuters Institute study found that although such claims by public figures were fewer, they gained the highest engagement, showing why self-regulation alone often fails to stop it.
Nepal’s Example:
Nepal provides a clear example of the tension between government regulation and the self-regulation tussle of social media. In 2023, the government issued rules requiring all social media platforms, whether local or foreign, to register with the Ministry of Communication and Information Technology, appoint a local contact person, and comply with Nepali law. By 2025, major platforms such as Facebook, Instagram, and YouTube had not met the registration deadline. In response, the Nepal Telecommunications Authority began blocking unregistered platforms until they complied. While journalists, civil-rights groups and Gen Z criticised the move as potentially limiting free speech and exposing corruption against the government. The government argued it was necessary to stop harmful content and misinformation. The case shows that without enforceable obligations, self-regulation can leave platforms unaccountable, but it must also balance with protecting free speech.
Self-Regulation: Strengths and Challenges
Most social-media companies prefer to self-regulate. They write community rules, trust & safety guidelines, and give users ways to flag harmful posts, and lean on a mix of staff, outside boards and AI filters to handle content that crosses the line. The big advantage here is speed: when something dangerous appears, a platform can react within minutes, far quicker than a court or lawmaker. Because they know their systems inside out, from user habits to algorithmic quirks, they can adapt fast.
But there’s a downside. These platforms thrive on engagement, hence sensational or hateful posts often keep people scrolling longer. That means the very content that makes money can also be the content that most needs moderating , a built-in conflict of interest.
Government Regulation: Strengths and Risks
Public rules make platforms answerable. Laws can require illegal content to be removed, force transparency and protect user rights. They can also stop serious harms such as fake news that might spark violence, and they often feel more legitimate when made through open, democratic processes.
Yet regulation can lag behind technology. Vague or heavy-handed rules may be misused to silence critics or curb free speech. Global enforcement is messy, and compliance can be costly for smaller firms.
Practical Implications & Hybrid Governance
For users, regulation brings clearer rights and safer spaces, but it must be carefully drafted to protect legitimate speech. For platforms, self-regulation gives flexibility but less certainty; government rules provide a level playing field but add compliance costs. For governments, regulation helps protect public safety, reduce communal disharmony, and fight misinformation, but it requires transparency and safeguards to avoid misuse.
Hybrid Approach
A combined model of self-regulation plus government regulation is likely to be most effective. Laws should establish baseline obligations: registration, local grievance officers, timely removal of illegal content, and transparency reporting. Platforms should retain flexibility in how they implement these obligations and innovate with tools for user safety. Independent audits, civil society oversight, and simple user appeals can help keep both governments and platforms accountable.
Conclusion
Social media has great power. It can bring people together, but it can also spread false stories, deepen divides and even stir violence. Acting on their own, platforms can move fast and try new ideas, but that alone rarely stops harmful content. Good government rules can fill the gap by holding companies to account and protecting people’s rights.
The best way forward is to mix both approaches, clear laws, outside checks, open reporting, easy complaint systems and support for local platforms, so the digital space stays safer and more trustworthy.
References
- https://timesofindia.indiatimes.com/india/need-desi-social-media-platforms-to-secure-digital-sovereignty-pm/articleshow/123327780.cms#
- https://www.bbc.com/news/world-asia-india-66255989
- https://nepallawsunshine.com/social-media-registration-in-nepal/ https://www.newsonair.gov.in/nepal-bans-26-unregistered-social-media-sites-including-facebook-whatsapp-instagram/
- https://hbr.org/2021/01/social-media-companies-should-self-regulate-now
- https://www.drishtiias.com/daily-updates/daily-news-analysis/social-media-regulation-in-india