New Delhi [India], August 22 (ANI): The Promotion and Regulation of Online Gaming Bill, passed by the Parliament, now awaits the President’s assent.
Once the President gives assent to the Bill, a notification will follow to announce the date on which the Bill will come into effect, said S Krishnan, Secretary, Ministry of Electronics and IT, speaking to ANI.
However, the structure of the legislation allows certain provisions to come into force immediately, even in the absence of finalised rules.
“We also have to draft the rules under the bill, and issue the rules which are required to be drafted. As the bill is structured, even without rules, because the rules govern certain aspects, there are certain provisions in the bill which can come into force without the rules, but that is a decision we will take,” he said.
The secretary has acknowledged that the new legislation is expected to result in some loss in GST collections. Going by estimates, the annual losses to the exchequer are expected to be around Rs 15,000-20,000 crore.
The secretary stressed that the legislation has been brought in with the larger objective of safeguarding social interests and ensuring responsible regulation of the online gaming sector.
“I think when the government has a larger social objective in mind, I think revenue loss is not the primary consideration. In any case, the bill had the approval and the consent of the Finance Ministry as well,” the secretary said.
Asked when the new legislation would come into effect, the secretary, without getting into specifics, said, “We are working on it, should get it done quickly.”
Lok Sabha on Wednesday, and Rajya Sabha on Thursday, passed The Promotion and Regulation of Online Gaming Bill, aiming to promote e-sports and online social games, while outlawing online money gaming.
The Bill was brought in to encourage e-sports and online social games while prohibiting harmful online money gaming services, advertisements, and financial transactions related to them. The Bill seeks to completely ban offering, operating, or facilitating online money games, irrespective of whether based on skill, chance, or both.
There will be no punishment for those playing online money games; it is only the service providers, advertisers, promoters, and those who financially support such games who will face the consequences, said sources.
Through this legislation, the government aims to promote e-sports and give them legal recognition.
This bill will help provide legal support to e-sports. Earlier, there was no legal backing for e-sports, sources said.
For the promotion of e-sports, which has been recognised as a legitimate form of competitive sport in India, the Ministry of Youth Affairs and Sports will establish a dedicated framework. The government will also promote online social games.
The government believes that the harms of addiction, financial losses, and even extreme consequences such as suicides associated with online money gaming can be prevented by the prohibition of such activities.
There were reports of money laundering and terror financing, the sources added.
Failing to fulfil the law, once enacted, can attract imprisonment up to three years and/or a fine of up to Rs one crore for offering or facilitating online money gaming. For advertising money games, imprisonment up to two years and/or a fine up to Rs 50 lakh may be attracted. For financial transactions related to money games, imprisonment up to three years and/or a fine up to Rs one crore is being provided.
Any repeat offences may attract enhanced penalties, including imprisonment of three to five years and fines up to Rs two crore. Offences under key sections to be cognizable and non-bailable.
The Central government may authorise officers to investigate, search, and seize digital or physical property linked to offences. Officers would be empowered to enter, search, and arrest without a warrant in some instances of suspected offences. (ANI)
Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News
HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages
