New GST Rule:
The new GST rule could cost companies and gamers more money, and make online games less appealing to players. But the gaming industry may adjust to the new rules and keep growing.
What is New GST Rule?
The online gaming tax has just gone up to 28% from 18%. This ... Read More
08
Aug2023
03
Aug2023
All India Gaming Federation (AIGF) said on Wednesday that small companies involved in online pay-to-play gaming will be unable to survive under the high GST rate of 28%.
Nirmala Sitharaman, the finance minister, said that a 28% Goods and Services Tax (GST) will be applied to all online games from October ... Read More
28
Jul2023
The sports department of Madhya Pradesh's government has extended the registration date for the E-sports Jr Championship due to an overwhelming demand for admission into India's first online gaming academy. The previous deadline of July 27 has been pushed back to August 1 to accommodate the 40,000 registrations received for ... Read More
18
Jul2023
The online gaming industry in India, which was hit hard by the 28% Goods and Services Tax (GST) proposed last week by the GST Council, may have a ray of hope. The Minister of State for Electronics & Information Technology (Meity) Rajeev Chandrasekhar said that he will "request the GST ... Read More
06
Jul2023
The initial six months of 2023 have been a thrilling ride, marked by the rapid integration of generative AI, AI chatbots, and digital advancements. These developments are driving improved operational efficiencies, robust strategies, and a heightened focus on fostering strong connections with stakeholders and consumers. Aligning with the present market ... Read More
03
Jul2023
Zupee, an online gaming platform, has appointed comedian Kapil Sharma as its brand ambassador, as the company seeks to broaden its reach in the gaming sector. Previously, Zupee had entered into a celebrity partnership with actor Salman Khan.
The online gaming platform has also launched its campaign “India ka Apna Game”, ... Read More
23
Jun2023
Gaming-focused venture capital firm Lumikai launches a $50M gaming, interactive media fund for gaming companies which includes Krafton (BGMI developer), Nazara Tech, Take-Two Interactive, Jon Vlasopulos (CEO of Napster) and Supercell.
According to Invest India, a national investment promotion agency, India's pay-to-earn industry has raised a whopping $2.8 trillion from both ... Read More
22
Jun2023
Mobile gaming has evolved along with the mobile device. From the days of ‘Snake’ on Nokia phones, to next-gen smartphones with high-end graphics and an immersive gaming experience that rivals even the best console games, mobile gaming has gone through a lot of changes. The mobile gaming segment thrived during ... Read More
22
Jun2023
India's gig economy has been hit hard by the economic slowdown and cost cuts, especially in the e-commerce sector. But with the rise of online gaming, new opportunities have opened up for these affected professionals. WinZO, India's top vernacular gaming platform, is responsible for creating over 1 lakh jobs in ... Read More
29
May2023
The Indian Ministry of Electronics and IT has introduced new rules to safeguard online gamers from dangerous content through a self-regulation model, overseen by SROs.
The Ministry of Electronics and Information Technology (MeitY) has issued new guidelines to protect online gamers from dangerous content. For the internet pay-to-earn sector, a self-regulation ... Read More