With 507 million players as of today, India has reached a significant milestone for the gaming industry.
Observing Indian gaming trends, almost a quarter of the 120 million users are paying customers, earning $20 per user.
The information comes from Lumikai, the only gaming-focused venture capital fund in India, which recently unveiled ... Read More
06
Feb2023
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
23
Jan2023
The government's decision to regulate e-sports and impose stricter due diligence requirements on online gaming companies is good news for the sunrise sector because it will likely encourage more entrants, increase investor confidence, and generate new jobs.
The Ministry of Electronics and Information Technology (MeitY) has been designated as the primary ... Read More
20
Jan2023
While the proposal of the self-regulatory organization (SRO) has taken centre stage in drafting online gaming rules, the government might consent to have multiple SROs.
Though the government is probably going to set up stringent rules and regulations for the legal responsibilities of SROs, The rules will incorporate dos and don'ts ... Read More
20
Jan2023
With the ascent of the gaming populace in India, a few changes have been proposed to direct the online gaming industry.
These changes incorporate the proposed draught gaming rules by the Ministry of Electronics and Information Technology (MEITY), which is appointed as the nodal ministry for online gaming, and a change ... Read More
18
Jan2023
On January 17, the government extended the deadline for receiving stakeholder recommendations on the proposed gaming rules until January 25 and stated that the new rules would be ready by January 31.
The Ministry of Electronics and IT (MEITY) has fixed January 17 as the last date for public comments on ... Read More
18
Jan2023
According to industry sources, the stakeholders of the gaming industry suggested a self-declaration mechanism for registration and a graded approach to KYC in a meeting with the IT ministry on Tuesday.
"The industry largely stated that powers given to the self-regulatory body will lead to significant delays to the launch of ... Read More
18
Jan2023
The online gaming industry has urged the government to not lessen the current tax deducted at source (TDS) of Rs 10,000, which is supposedly being reviewed by the finance ministry.
In the meantime, the crypto industry has requested that the government decrease the 1% TDS on digital transactions and review income ... Read More
18
Jan2023
Ready to bring revolutionary development across industries, the 5G network launch has been one of the most anticipated innovations in India's new history. The 5G technology addresses significant potential in connecting people and, more importantly, clearing the way for newer applications in industries such as healthcare, manufacturing, and entertainment, among ... Read More
17
Jan2023
The Ministry of Electronics and Information Technology (MeitY) called for another public consultation on online gaming rules on January 17. Sources said that all major industry bodies, policy advocacy groups, and industry stakeholders will deliberate on the recently released policy.
The ministry earlier this month released draught amendments to the IT ... Read More