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New Indian Express
3 minutes ago
- New Indian Express
LS passes bill banning online money games
NEW DELHI: The Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, which aims to ban online games played with money. The government says the move is to tackle gaming addiction, money laundering, and financial fraud linked to such platforms. The Bill says no individual, company, or platform can offer, promote, or facilitate online money games in India. It also bans advertisements for such games on TV, social media, or any digital platform and prohibits banks and payment firms from processing such transactions. Sources said online money gaming is very addictive, leading to social harm and also financial loss. An official said 45 crore players lost money, with an estimated `26,000 crore loss annually. The Bill proposes the creation of a central authority that will issue guidelines and directions, which all gaming platforms must follow. Online money games as those where users deposit money in the hope of winning cash or other rewards. It covers all forms of online betting, including fantasy sports, card games like poker and rummy, and online lotteries. The Bill was passed by a voice vote after brief comments from Minister of Electronics and Information Technology Ashwini Vaishnaw, even as opposition members staged protests. Once cleared by both Houses of Parliament, offering or facilitating online money gaming will become a punishable offence, with jail terms of up to 3 years and fines of up to Rs 1 crore. Advertising such games could attract 2 years in prison or Rs 50 lakh fine.
Hans India
3 minutes ago
- Hans India
TG attracted Rs 54,000 crore investments in life sciences: Sridhar Babu
Hyderabad: State IT and Industries Minister Duddilla Sridhar Babu announced that the Life Sciences sector in Telangana has witnessed remarkable growth. Since December 2023, the sector has attracted investments worth Rs 54,000 crore, positioning Hyderabad as a global leader in life sciences. The Minister chaired the 6th Board Meeting of the Telangana Life Sciences Foundation in Hyderabad on Wednesday, in his capacity as Chairman. Board members including Dr. Reddy's Laboratories Chairman Satish Reddy, Laurus Labs ED & CEO Dr. Satyanarayana Chava, Special Chief Secretary Sanjay Kumar, and Shakti Nagappan participated in the meeting. Sridhar Babu highlighted that over 2 lakh new jobs have been created in pharmaceutical manufacturing, medical technology, and vaccine production. 'Hyderabad now ranks among the world's top seven life sciences clusters, and it is the only Indian city to achieve this distinction,' he said. He noted that global giants such as Lilly, Amgen, MSD, Zoetis, Evernorth, and Olympus have chosen Hyderabad as their preferred hub. Telangana will soon unveil its Next-Gen Life Sciences Policy, which he described as 'a cutting-edge policy framework designed to attract large-scale investments.' The state has set an ambitious target to scale its Life Sciences economy to USD 250 billion by 2030, aiming to make Telangana the Life Sciences Capital of Asia. The Minister further proposed preparing a feasibility report for establishing the Telangana School of Life Sciences.
Hans India
3 minutes ago
- Hans India
Auto drivers get nudged under wheeler-dealers' machinations
Hyderabad: Following the recent approval from the state government for new auto rickshaws in the city, local auto rickshaw drivers have raised serious allegations regarding a major scam involving auto dealers. They claimed that the showrooms, in collusion with auto financiers, auto brokers are selling vehicles at inflated prices. Also, the drivers alleged that those who applied individually were denied vehicles, while those who applied through dealers got vehicles in their names. Hundreds of auto rickshaw drivers in the city have been making a serious allegation of corruption and black-marketing in the implementation of the Telangana government's auto-rickshaw distribution scheme, with drivers accusing the automobile dealers for charging exorbitant prices. The Telangana government, in its order sanctioned 65,000 new auto-rickshaws, including 20,000 electric, 10,000 CNG, 10,000 LPG, and 25,000 retrofitted autos under ORR limit. The initiative required applicants to apply online with selected beneficiaries directed to purchase autos from authorized automobile dealers at fixed prices. The City Auto & Motor Cab Drivers Welfare Society President Mahmood Hussain Makke said that the auto showrooms, auto financiers, auto brokers are involved in Rs 10 crore scam under the name of issuing autos in the government scheme. 'The auto scheme made for the public was misused by auto financiers, showroom dealers and brokers who illegally encashed the scheme by looting the drivers.' The union pointed out that the drivers, especially those who applied individually, did not get autos but all those who applied through dealer, and auto brokers got vehicles in their name. 'Nearly 4,000 autos have been sold illegally with excessive charges. Also, the people from outer ORR limits from districts – Nalgonda, Bhongir, Mahbubnagar, Vikarabad and other districts also applied through brokers and got benefited but drivers under ORR limits did not get autos,' said Mahmood. A victim, Mohammed Gaus who got CNG auto at a price of Rs 2,82,000 said that he had an invoice price of Rs 2,47,546, insurance of Rs 8,200 and Rs 3,800 TR fees with a total Rs 2,59,546. 'I had been overcharged by more than Rs 22,000,' said the victim. Multiple complaints have emerged against the dealers for charging Rs 22,000 to 50,000 more than the fixed rates of Rs 2,59,000 for CNG and Rs 2,47,000 for LPG autos. The LPG auto price is Rs 2,47,000 including invoice amount of Rs 2,30,000 to Rs 2,35,000, insurance amount of Rs 8,200 and Rs 3,800 TR fees but the same is sold between Rs 2.70 lakh and Rs 3.20 lakh and Rs 2.59 lakh priced CNG auto is being sold for Rs 2.86 lakh and Rs 3 lakh without specifying any quotation and when asked, the dealers are rejecting the application, say drivers. Moreover, these agents also charge from Rs 2,000 to Rs 10,000 for booking slots for obtaining auto, which is another way of scamming auto drivers. Mahmood Makke said that the union also gave representation to the Chief Minister, transport minister, transport commissioner and others and urged them to take immediate action against the showrooms.
