Tag: games of chance

30

Jan2023
The growth of the Indian economy has continued to be healthy despite a slowdown in the global economy. This is largely attributable to India's resilient technology industry, which is well on its way to becoming a digital economy worth a trillion dollars. Health tech, fintech, ed-tech, and agri-tech are just ... Read More
January 30, 2023Admin akads

20

Sep2022
The board involves PM Narendra Modi's top bureaucrats, including the heads of the finance and sports ministers. The board has prescribed making an administrative body to classify online games based on skill or chance. The suggestion for making an administrative body classify online games based on skill or chance may finally resolve ... Read More
September 20, 2022Roland Landers

29

Jul2022
While everyone is focused on the yet-to-be finalized goods and service tax (GST) rate on online gaming, the GST council's Group of Ministers (GoM) is probably going to impose a 28% tax on gross gaming revenue (GGR), according to reports. Although the final recommendations are still awaited, the 28% GST only ... Read More
July 29, 2022Roland Landers

25

Jun2022
Gaming has become a form of entertainment and also an interesting mode of relaxation throughout the country. Fantasy sports are turning the zeal for sporting events into reality, with the popularity of fantasy sports in India rising high in a recent couple of years. The huge fan base and rising interest ... Read More
June 25, 2022Roland Landers

24

Jun2022
In their initiative to promote inclusivity and the rights of the LGBTQ+ community, PokerBaazi.com, India's greatest online poker platform, has teamed up with globally renowned artist Jasjyot Singh Hans, known for his fine art praising magnificence in all colors, shapes, and sizes, to honor Pride month and release the "All ... Read More
June 24, 2022Roland Landers

24

Jun2022
Despite the Supreme Court's backing of online games of skill, confusion still exists in regards to its status. It's time to unshackle this rising sector from the inclination that exists against it. The autonomy of misconstruing the socio-economic role of this sector is positively detrimental to its development potential. Throughout recent ... Read More
June 24, 2022Roland Landers

11

May2022
The Fitment Committee, which involves officials from different states, is going to meet this week to talk about the hike in GST on online gaming, race courses, and casinos. "There was clear agreement in a meeting held by a group of ministers last week." "We are trusting that the board will ... Read More
May 11, 2022Roland Landers

10

May2022
As per reports, the Goods and Service Tax (GST) Council is probably going to consider imposing a 28% GST on cryptocurrencies and bitcoins at par with the lottery, casinos, race courses, and wagering. CNBC-TV18 detailed that the GST Council has named a board to consider the proposition of imposing a 28% ... Read More
May 10, 2022Roland Landers

06

May2022
A day after the Group of Ministers (GoM) entrusted by the GST Council to inspect topics associated with the GST regime overlaying online gaming, casinos, and racecourses met, the online gaming industry has made a sturdy pitch to the public authorities in opposition to raising GST rates to defend the ... Read More
May 6, 2022Roland Landers

06

May2022
The Mobile Premier League (MPL), a gaming unicorn, has opened a studio to accelerate the development of AAA (high-profile) mobile games for domestic and international markets. Mayhem Studios, a subsidiary of MPL, promises to build high-quality games using India's developer community. A team of experts in animation, art, cinematics, design, engineering, ... Read More
May 6, 2022Roland Landers