Imagine, playing an online card game online and paying 28 per cent GST on each buy-in. Such a tax regime would defeat the purpose of enabling IT Rules.
The draft amendments envision an obligation for online gaming intermediaries to verify identity of all customers when they register new account for playing games.
CM Stalin says MLAs can't have difference of opinion over 'gambling that kills people' and 'interferes with studies', adds that online gambling has claimed 41 lives.
Union IT minister says there is need for central Act to regulate online gaming, which was state subject till now. MeitY had released draft rules for online gaming in December.
MeitY's draft online gaming rules has started a conversation about safety of women gamers, who say not just KYC, moderation & combating anonymous accounts also needed.
The rules mandate extra safeguards and KYC procedures to be followed by gaming intermediaries, but jurisdictional issues and concerns over definitions need to be addressed.
The much-awaited regulations will shape the future of India's gaming sector that research firm Redseeer estimates will be worth $7 billion by 2026, dominated by real-money games
Rummy is a traditional card game that has been an integral part of Indian culture. The existing popularity of the offline version has fuelled the popularity of the online one.
All India Gaming Federation, E-Gaming Federation, and Federation of Indian Fantasy Sports, which represent over 90% of online skill gaming market in India, issued joint statement Wednesday.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS