New Delhi, Aug. 20 -- As the Centre is slated to introduce a bill in the Lok Sabha to prohibit online money gaming today, Congress leader Priyank Kharge termed it as yet another "knee-jerk" move, warning that the move could result in significant loss of tax revenue and threaten thousands of jobs.

In a post on X, Kharge said that the bill could risk billions in foreign investment, while driving users to unregulated offshore platforms rife with money laundering and security threats.

"Knee jerk blanket ban on Online Real Money Gaming without consulting stakeholders or states is another masterstroke by Modi Sarkar in bad policy making. Here's why: Revenue hit: India earns Rs.20,000 Cr annually from GST & income tax via online RMG. The ban m...