E-PaperGaming Industry News
What do GST law amendments say? | Mint Primer | Mint
The Indian Parliament has approved legislative changes to implement the Goods and Services Tax (GST) Council's proposal to impose a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. The amendments will come into effect from October 1st. The changes make a clear distinction between casual online games and those involving a wager, with only the actionable claims offered by 'online money games' being subject to the 28% tax. The amendments also offer relief by allowing valuation based on the amount paid or deposited by players, excluding previous winnings. The online gaming industry has expressed concerns about the increased tax burden resulting from these amendments.
21 Aug 2023'Ace2Three' transforms online rummy experience with new identity as ‘A23’
The brand from Head Digital Works innovates with brand new design, exciting new features and a contemporary gaming experience for its players.
4 min read29 Aug 2020Apple removes thousands of game apps from China store: Research firm
The takedowns come amid a crackdown on unlicensed games by Chinese authoritiesThe Chinese government has long sought to enforce stricter regulations on its gaming industry to remove sensitive content
1 min read2 Aug 2020Gaming addiction poised to spread during coronavirus lockdown
Psychiatrists are seeing a spike in video-game-addicted patientsAlready, hotline calls to some of the council’s 27 centers have increased
3 min read7 Apr 2020Gaming boom amidst lockdowns is hiding ill-effects on the $150bn industry
As with other sectors, Covid-19 has cleared the 2020 calendar by torpedoing marquee gaming eventsThe business that relies on flashy annual gatherings to launch big-name titles
4 min read26 Mar 2020Japanese gaming company Akatsuki to bring animation content to India in 2020
In India, they have made more than 15 investments since they launched the fund here last yearAET typically co-invests with local VCs - In India, they have partnered with Blume Ventures, among others
2 min read13 Nov 2019Indian PC gaming ecosystem set to explode: HP Inc
The online gaming industry in India is likely to generate revenue of ₹11,900 crore by 2023Gaming industry is set to see computers and tablets being the primary device for gaming in India
2 min read24 Jun 2019Digital gaming’s next boomtown address is in India
The booming opportunity in digital gaming has prompted investors and companies to keep a keen eye on India and be a part of the next big game that's about to sweep the market
3 min read1 Oct 2018The scope of professional gaming as a lucrative career in India
Once dismissed as unproductive by many, gaming is now slowly being perceived as a full-blown career option
3 min read6 Oct 2018Fortnite, Tencent and the fate of world’s biggest game market
Chinese based games company, Tencent Holdings Ltd., suffered a record stock plunge that has wiped more than $135 billion off its market value.
5 min read27 Aug 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared