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Economic Times
2 hours ago
- Economic Times
Platforms misused for fraud, terror financing: Govt after introducing bill to ban real money gaming
IANS Union Minister Ashwini Vaishnaw IT minister Ashwini Vaishnaw introduced the 'Promotion and Regulation of Online Gaming Bill, 2025' in the Parliament on Wednesday, which seeks to ban real money gaming in the country. Following the introduction of the bill, the ministry of electronics and IT said in an official statement that the harms of addiction, financial losses, and even extreme consequences such as suicides associated with online money gaming can be prevented by prohibition of online real money gaming. The government said these platforms are often misused for "financial fraud, money laundering, terror financing, and messaging activities" that compromise national security". The framework of the proposed legislation looks to encourage the growth of e-sports and online social games as an industry, while promoting skill development, education, and social engagement. On the flipside, it seeks a blanket ban on all forms of online money gaming, including betting and gambling activities such as fantasy sports, poker, rummy, and online lotteries. Advertising and promotion of such money games will also be banned across all media. The bill aims to protect citizens, especially the youth from predatory real-money gaming applications. These apps lure users with misleading promises of monetary returns, leading to compulsive behaviour and devastating financial distress among families, the government are provisions in the bill to establish training academies, research centres, and technology platforms to advance the gaming ecosystem. The government said the Ministry of Youth Affairs & Sports will promote e-sports, while the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Information and Broadcasting (MIB) will support social and educational gaming initiatives. The bill also moots an online gaming authority to oversee regulation and compliance in the sector. There are strict penalties listed for violations. Advertising money games can summon imprisonment of up to two years and/or fines up to Rs 50 lakh. 'It is…important to ensure that society is protected from potential harms of technology misuse. With this thought process, the government has brought forward the Promotion and Regulation of Online Gaming Bill, 2025,' the MeitY said in its statement. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Swiggy, Tencent backer Prosus adds Rajinikanth fan to script India AI-commerce play India's F&O boom puts spotlight on retail protection through education Can new shipping laws bury the ghost of British legacy? As big fat Indian wedding slims to budget, Manyavar loses lustre Stock Radar: Bajaj Auto showing signs of reversal after falling over 30% from highs; medium term should 'buy the dip' F&O Radar | Deploy Bull Call Ladder in JSW Steel stock to benefit from bullish outlook Time for risk-takers to come out of hibernation? 5 mid-cap stocks from different sectors with an upside potential of up to 27% Buy, Sell or Hold: Motilal Oswal initiates coverage on JSW Cement; Emkay Global sees over 30% upside in Gravita India


India.com
2 hours ago
- India.com
Ahmedabad School Stabbing: 10th Grader Nayan Dies; Outrage, Vandalism, And Probe Into Non-Veg Dispute
A 10th-grade student in Ahmedabad, Gujarat, has died from stab wounds he received from a 9th-grade student, prompting mass outrage and vandalism of the private school in Khokhra. The 15-year-old victim, named Nayan, was stabbed on Tuesday and hospitalized in critical condition, where he sadly died today. #BreakingNews : अहमदाबाद में 10वीं के छात्र की हत्या, गुस्साए लोगों की स्कूल में तोड़फोड़, 9वीं के छात्र पर हमले का आरोप#GujaratNews #Ahmedabad #Student | @pratyushkkhare — Zee News (@ZeeNews) August 20, 2025 Mob Vandalises School, Attacks Staff Nayan's killing triggered outrage among parents, Sindhi community members (to which Nayan's family belongs), Hindu groups, and ABVP activists. A huge mob attacked the school this morning, causing mass damage to property and reportedly beating school staff. #UPDATE | Gujarat: The class 8 student who was stabbed by a student of class 10 has succumbed to his injuries. — ANI (@ANI) August 20, 2025 A heavy police presence has been stationed in the school to keep things under control due to the growing ire. Accused Detained, Demand For Action Against School Management The 9th-grade student who is alleged to have stabbed another student has been arrested by the police. Action against him is being taken under juvenile law. Protest parents, though, are also calling for cases to be filed against the accused student as well as against the school principal and management, blaming them for the act. The fight between the two boys, Nayan and the accused (who is said to belong to the Muslim community), was over non-vegetarian food, according to one of the protesting parents. Senior police officials such as the JCP and the DCP are present, but the public remains outraged. ALSO READ | Rekha Gupta Attacked: Who is Rajesh? Man Who Attacked Delhi CM During Public Hearing Identified


Hindustan Times
2 hours ago
- Hindustan Times
Ruckus at Ahmedabad school after Class 8 student stabbed to death by senior
A Class 8 student, who was stabbed by a Class 10 student outside a school in Ahmedabad's Khokhra area, has succumbed to his injuries, news agency ANI reported. People, including the boy's relatives, raise an uproar at the school in Ahmedabad.(Videograb) The incident took place on Tuesday after a minor scuffle between students escalated, with the accused stabbing the victim, Ahmedabad Mirror reported. Severely injured, the boy managed to make his way back to the school compound. A security guard spotted him and alerted authorities, who rushed him to the hospital in Maninagar. Following a complaint lodged by his mother, police registered a case against the attacker for attempted murder, the report added. Following the student's death, members of the Sindhi community gathered in large numbers at the private school to protest, leading to ruckus. Outside the school, crowds of angry people clashed with the police. Family members and protesters also vandalised the school premises, PTI reported.