The Promotion and Regulation of Online Gaming Bill was passed in Lok Sabha Thursday which, while promoting E-sports, flags betting & gambling games as 'public health risk'.
New bIll makes no difference between online games of skill & chance, proposing a complete ban on any game played for money, including its endorsement, banking services, etc
Govt inaction has 3 impacts on e-gaming: smaller companies operating in grey market to avoid tax, bigger ones moving out of the country, and international companies pausing plans to enter India.
A new tribe of young gamers is turning passion into profession due to the booming Esports industry in India, which is expected to hit Rs 11-bn by FY2025 from Rs 3-bn in FY2021.
Thanks to the growth of internet-based gaming online gaming has evolved into an industry of immense scale which has revolutionized the way we engage with each other and play.
Electronic Gaming Federation is to set new standards to cover even casual gaming, but they're not binding on member platforms. Experts say body has no powers to enforce them.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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