Blanket ban on online real money gaming will kill jobs, revenue, innovation: Minister Priyank Kharge
Bengaluru (PTI): Karnataka IT and Biotechnology Minister Priyank Kharge on Wednesday criticised the Centre's decision to impose a blanket ban on online real money gaming (RMG), calling it "another masterstroke by Modi Sarkar in bad policy making."
Kharge, son of Congress president Mallikarjun Kharge, said the decision would hit state revenues, jobs and investments.
"India earns Rs 20,000 crore annually from GST and income tax via online RMG. The ban means states lose this revenue stream," he said in a post on 'X'.
The minister noted that over 2,000 gaming startups and more than two lakh jobs in IT, AI and design would be at risk.
"A ban kills India's gaming talent pool and pushes entrepreneurs abroad," Kharge said, adding that Rs 23,000 crore of foreign direct investment in the last five years could dry up and about Rs 7,000 crore spent annually on ads, data centres, sponsorships and cyber security would vanish overnight.
Warning of unintended consequences, the minister said, "Bans don't stop addiction or suicides. Instead, they push users to unregulated offshore platforms worth Rs 8.2 lakh crore annually where government has no control at all.
"Security risks: Unregulated sites ensure money laundering, terror financing, data theft. Even FATF and Rashtriya Raksha University warn against such risks."
Noting that the Supreme Court is still deciding whether the Centre or states have the power to regulate, Kharge questioned "Why the rush to ban now?"
He said prohibition is not the solution and called for regulating skill-based platforms, enforcing IT Rules, 2021, and whitelisting legitimate operators.
"A well-balanced regulation will ensure jobs, revenue, safer users, national security and global innovation," he said, cautioning that "a blanket ban will not only lead to revenue loss, but will give rise to illegal markets that might threaten national security and, of course, there will be a huge innovation setback. Regulation is the way forward."
The proposed promotion and regulation of online gaming bill, cleared by the Union Cabinet on Tuesday, prohibits online money gaming or its ads, and prescribes imprisonment or fine, or both, for those offering or advertising them, as it seeks to differentiate such games from eSports or online social games, according to a source.
At the same time, the bill calls for promotion of eSports and online social games, the source said, adding that it acknowledges that formal recognition of eSports will enable India to tune into global competitive gaming landscape, spur innovation, create opportunities for Indian startup ecosystem and make the country a global magnate for game development.
The bill proposes that any person offering online money gaming service in violation of the stipulated provisions will face imprisonment of up to three years or a fine that may extend to Rs 1 crore, or both.
The provisions also stipulate imprisonment of up to two years and or a fine of up to Rs 50 lakh, or both, for those indulging in advertisements in contravention of rules. Also, those engaging in any transaction or authorisation of funds will be liable for up to three years imprisonment, or a fine up to Rs 1 crore or both, according to the source.
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Real Madrid fines Valverde and Tchouaméni half a million euros each for altercation
Barcelona (AP): Real Madrid slapped players Federico Valverde and Aurélien Tchouaméni with half-a-million-euro ($588,000) fines on Friday for their altercation during practice.
The massive fines came a day after the midfielders tussled when the team trained. Valverde said in a post on social media on Thursday that no punches were thrown. But Valverde knocked his head on a table and he suffered a small cut that required a brief hospital visit.
On social media, Valverde initially called it a “meaningless fight” with a teammate and said “everything has been blown out of proportion."
His employers, however, considered it a significant enough breach of team discipline to nail both Valverde and Tchouaméni with fines that bite even the bank account of a top soccer player. The half-a-million euro penalties reflect the reputational damage the club was enduring in a chaotic end to a disappointing season.
In a statement, the 15-time European champion said its disciplinary action was concluded after both players expressed to the club “their complete remorse for what happened and apologized to one another.”
Madrid added they also apologized to their teammates, the coaching staff and club supporters, as well as showing their willingness to accept whatever disciplinary action the club deemed “opportune.”
Tchouaméni was back training with Madrid on Friday, two days before they play at Barcelona in a clasico. Madrid has to win otherwise Barcelona will be crowned La Liga champion.
After being notified of the fine, he posted a public apology to the club and its fans on social media.
“What happened this week in training is unacceptable,” Tchouaméni wrote. "I say this while thinking about the example we are expected to set for young people, whether in football or at school.
“Above all, I am sorry for the image we projected of the club.”
Valverde was not at practice due to the head knock.
Both players are set to play in the World Cup next month, with Tchouaméni playing for France and Valverde for Uruguay.
Chaotic end to a poor season
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The run-in between the players, who for seasons have played side by side in Madrid's midfield, came after they argued this week in previous training sessions. But tempers boiled over on Thursday. Spanish media was rife with reports that the players previously disagreed over the club's decision to let coach Xabi Alonso go after just months on the job.
It was not the only altercation involving Madrid players during training this week. Álvaro Carreras confirmed he was in a “minor” incident with a teammate. Spanish media said he and fellow defender Antonio Rüdiger got into a scuffle.
Álvaro Arbeloa, the coach who was promoted from Madrid's reserve team when Alonso was fired in January, will face tough questions on what went wrong inside the changing room when he gives a press conference on Saturday ahead of the clasico at Camp Nou.
Madrid is facing a second consecutive campaign without a major trophy amid rumors in the Spanish media that club president Florentino Pérez is considering bringing back Jose Mourinho to straighten out his underperforming team.
