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.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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