The clarification made by the GST Council on Wednesday that a 28% tax would not be imposed on all subsequent competitions, but on the initial amount deposited by gamers on an online platform to engage in gaming activities, may provide some relief to bigger gaming companies. Smaller startups and firms, however, ...
Tag: online skill gaming
August 3, 2023Admin akads
Societe Generale (SocGen), a France-based investment company, has acquired 5.9 lakh shares in online skill gaming and tech firm Nazara Tech for Rs 33.83 crore, which roughly amounts to a 0.9% stake in the company. The acquisition was done through bulk deals on Friday along with a few other firms on ...
May 15, 2023Roland Landers
Those needing some activity apart from the TV showing the 16th edition of the Indian Premier League (IPL), which started last week, can flaunt their skills on fantasy sports platforms. Furthermore, going by the sheer frenzy of activity, from increased investments to the arrival of new players in the online ...
April 4, 2023Roland Landers
In the world of video gaming, violence, and guns are no longer the only options. Women are also taking to gaming as a form of relaxation, a means of social connection, and even as a profession because it attracts people of all ages and genders. Women account for as many ...
March 30, 2023Roland Landers
The idea of responsible gaming has developed in the online skill gaming community in India in the last 10 years. At first, responsible gaming was not a main focus in the Indian online skill gaming industry, with many gaming organizations zeroing in exclusively on boosting benefits. Nonetheless, with the rising awareness ...
March 29, 2023Roland Landers
The Indian government has assigned the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry to supervise the country's nascent but developing online gaming industry, preparing for a hotly anticipated uniform regulatory framework to direct the country's nascent but developing industry. The government has been considering plans to manage ...
December 27, 2022Roland Landers
The All India Gaming League (AIGF), the pinnacle body for the online skill gaming industry in India, has onboarded three principal members, specifically: Myteam11, Head Digital, and Glance Gaming. With this, the AIGF has exceeded 100 members across all gaming formats, including esports, fantasy gaming, card games, casual gaming, e-games, and ...
November 4, 2022Roland Landers
The Ministry of Information and Broadcasting (MIB) has issued an advisory instructing private TV channels, digital news publishers, and OTT platforms to avoid showing commercials of online pay-to-earn sites and surrogate ads. The ministry issued an advisory on the ads for online pay-to-earn platforms on Wednesday. In the advisory, the ministry ...
October 6, 2022Roland Landers
The All India Gaming Organization on Tuesday welcomed the new government advisory against showing ads for online pay-to-earn sites on any TV and digital media platforms. The Ministry of Information and Broadcasting on Monday gave two advisories asking private TV channels, digital news publishers, and OTT platforms to shun showing ads ...
October 6, 2022Roland Landers
The Ministry of Information and Broadcasting asked private television channels, digital news publishers, and OTT platforms on Monday to refrain from showing ads for online pay-to-earn sites and surrogate advertisements. In a new advisory, the ministry said such sites pose significant financial and socio-economic risks for consumers, especially youth and children. On ...
October 4, 2022Roland Landers