In the digital age, misinformation spreads rapidly through social media platforms, causing widespread harm such as panic, riots, and societal unrest [1], [2]. This paper proposes a multifaceted approach to combat fake news by leveraging Artificial Intelligence (AI), government intervention, content creator accountability, and citizen participation [3]. We suggest the creation of a specialized ministry, equipped with AI-driven tools to monitor and verify content on platforms like YouTube and Facebook [4], [5]. The government would incentivize accurate reporting, penalize creators who propagate fake news and work with tech companies to enforce stricter guidelines [6]. Additionally, we explore innovative strategies such as mandatory fact-checking insurance for influencers, AI-based content verification, and global crisis communication portals [7]. Through these mechanisms, we aim to reduce misinformation by 25% globally, create new job opportunities, and foster a responsible digital ecosystem [8].