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Online game Bill sparks outcry in legal circles

Financial Express Lucknow

|

August 21, 2025

THE PROMOTION AND Regulation of Online Gaming Bill has taken the legal fraternity by surprise.

- JYOTSNA BHATNAGAR

Top lawyers have described it as a draconian measure that not only threatens a booming ₹2-lakh crore industry but also endangers the livelihood of lakhs of people employed in the sector. They said the contentious Bill carries severe legal ramifications.

Expressing her deep disappointment, Ranjana Adhikari, head of technology, media and telecommunications (TMT) at law firm Shardul Amarchand Mangaldas, said: "This step is deeply disappointing and contrary to the expectations that this sunrise industry had from the regulators. In the past few years, this industry has contributed significantly to India's digital economy and Make-in-India vision, through tax revenue, job creation and innovation. The Bill also seemingly disregards long-standing legal precedents that protect the right to pursue legitimate businesses like skill gaming as fundamental rights. Blanket bans will only push the consumer to illegal sites, and expose the user to more vulnerability."

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NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid

IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.

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IBBI seeks stricter norms for bidder identity check

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Volkswagen cuts India EV costs, seeks local partner

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2 mins

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Adani's ₹14,535-crore bid for JAL gets lenders' nod

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time to read

1 min

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Mizuho seeks aggressive India expansion

MIZUHO FINANCIAL GROUP is exploring ways to build up its business in India, where the Japanese bank sees the potential for replicating its achievements of advising and financing corporate clients in other markets, according to a top executive.

time to read

1 mins

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Chinese AI university tops Harvard, MIT in patent race

PRESIDENT XI JINPING AMONG TSINGHUA GRADUATES

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3 mins

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SC strikes down key tribunals Act terms

IN A MAJOR jolt to the Centre, the Supreme Court on Wednesday struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure,and service conditions of tribunal members and presiding officers, saying \"Parliament cannot simply override judicial decision by reenacting\" these with minor tweaks.

time to read

1 min

November 20, 2025

Financial Express Lucknow

Sensex tops 85,000 after over a year

Nifty ends above 26,000; investors gain ₹1.12 lakh cr

time to read

1 min

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Banks seek more leeway in acquisition financing

BANKS HAVE FLAGGED several restrictions in the Reserve Bank of India’s acquisition financing guidelines that they believe will limit their participation in the merger and acquisition (M&A) space.

time to read

1 min

November 20, 2025

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Sarvam.ai to launch India's first LLM by early next year

SARVAM.AI PLANS TO roll out India’s first homegrown foundational large language model (LLM) in the next couple of months, co-founder Vivek Raghavan said.

time to read

1 min

November 20, 2025

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