Before the Promotion and Regulation of Online Gaming Bill was passed in the Lok Sabha, Telangana, Tamil Nadu, Andhra Pradesh and Karnataka brought laws to regulate online gaming.
India should build on regulatory architecture instead of driving consumers into the shadows. The real choice is not between prohibition and inaction, but between regulation and chaos.
Haryana Prevention of Public Gambling Bill includes provisions to penalise those involved in gambling activities, operating gambling syndicates, and running common gaming houses.
It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.
CM Stalin says MLAs can't have difference of opinion over 'gambling that kills people' and 'interferes with studies', adds that online gambling has claimed 41 lives.
The much-awaited regulations will shape the future of India's gaming sector that research firm Redseeer estimates will be worth $7 billion by 2026, dominated by real-money games
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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