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India To Lose Billions: Letter To PM Modi Over 28% GST Rule For Gaming
GST Council's decision to levy a 28% tax on real money online gaming industry will lead to a write-off of USD 2.5 billion investment made in the segment, a group of 30 Indian and foreign Investors said in a joint letter to PM Modi.
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Validity Of IT Rules, Relating To Online Gaming, Challenged In Court
The Delhi High Court on Friday said it would hear next week a petition challenging the constitutional and legislative validity of the Information Technology Amendment Rules, 2023, relating to online gaming.
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Centre's Online Gaming Rules Very Clear, Real Money Games Declaring Winners Based on Prediction Barred: ASG
The central government's rules for online games are very clear and betting money on uncertain events amounts to wagering, Additional Solicitor General N Venkataraman said on Tuesday. The new rules block online real money games that declare winners based on prediction of the unknown outcome, the ASG said, adding that some industry players were attem...
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Centre Announces New Fact-Check Body. Here's How It Will Flag "Fake News"
Announcing the guidelines for online gaming, the minister said that the final rule on the fact-checking unit is still in work
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New Online Gaming Rules to Spur Innovation, Boost Investor Confidence
The industry on Thursday said the new rules for online gaming will spur innovation, boost investor confidence and weed out gambling platforms while making the sector globally competitive. The norms are expected to help reduce regulatory fragmentation at the state level, and foster a more stable business environment, the industry said in one voice a...
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Government Releases New Rules For Online Gaming That Involves Betting
The government today released new rules for online gaming which prohibit any game that involves betting and wagering, and entail a framework of multiple self-regulatory organisations (SROs).
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DMK Slams Tamil Nadu Governor For Returning Bill Banning Online Gaming
The ruling party in its mouthpiece again raised concerns regarding the online gambling and said that the influence of it are leading to number of suicides in the State.
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Government to Hold Discussions With Stakeholders on PIB Fact Checks for Social Media in February: MoS IT
The government will hold discussions with stakeholders before its controversial plan to give powers to its arm the Press Information Bureau (PIB) to police fake news on social media, according to Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The Ministry of Electronics and Information Technology (MeitY) has prop...
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Betting on Outcomes Of Online Games To Be Barred, Rules Expected In February: Minister
Minister of State for Electronics and IT Rajeev Chandrasekhar said that as of now, all permissible online gaming will need to be registered with a self-regulatory organisation that will be accountable to the online gaming rules.
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Government Moots Self-Regulatory Mechanism, Mandatory Verification for Online Gaming Firms
The government on Monday proposed a self-regulatory mechanism for online gaming firms in India as part of the draft online gaming rules. The upcoming rules will also require mandatory verification of players while firms will have to provide a physical Indian address. Meanwhile, the proposed amendments envisage that an online gaming intermediary wil...
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China Has Resolved Its Youth Game Addiction Problem, Top Industry Body Claims
China has successfully resolved the problem of game addiction among its youth, the country's top gaming industry association said in a report. Last year, regulators introduced rules to curb game addiction, barring anyone under 18 from playing video games for more than three hours a week. The move came as part of a broad regulatory crackdown against...
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Swadeshi Jagran Manch Pushes for Limits on Entry Fees for Online Games, Plans to Approach Government
The Swadeshi Jagran Manch has said it will approach the government to push for limits on paid online games' entry fees. The move comes amid attempts by the industry in the country to lobby against stringent rules recommended by a government panel that calls for a new regulatory body, along with deposit and withdrawal limits.
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Government Panel Recommendations For Booming Online Gaming Industry
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on online gambling, a government panel said in a report seen by Reuters.
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Government Panel Recommends Regulatory Body For Online Gaming Industry
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters.
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PayPal Access in Indonesia Temporarily Restored After Blocking Over Licensing Rules Sparks Backlash
Indonesia has temporarily opened access to PayPal to allow users to access their money, after a block on online services triggered a backlash in the country. The government blocked PayPal, Yahoo, and several gaming services for failing to meet a deadline under the country’s licencing rules, introduced in 2020. Users in Indonesia will have access ...
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India To Lose Billions: Letter To PM Modi Over 28% GST Rule For Gaming
GST Council's decision to levy a 28% tax on real money online gaming industry will lead to a write-off of USD 2.5 billion investment made in the segment, a group of 30 Indian and foreign Investors said in a joint letter to PM Modi.
-
Validity Of IT Rules, Relating To Online Gaming, Challenged In Court
The Delhi High Court on Friday said it would hear next week a petition challenging the constitutional and legislative validity of the Information Technology Amendment Rules, 2023, relating to online gaming.
-
Centre's Online Gaming Rules Very Clear, Real Money Games Declaring Winners Based on Prediction Barred: ASG
The central government's rules for online games are very clear and betting money on uncertain events amounts to wagering, Additional Solicitor General N Venkataraman said on Tuesday. The new rules block online real money games that declare winners based on prediction of the unknown outcome, the ASG said, adding that some industry players were attem...
-
Centre Announces New Fact-Check Body. Here's How It Will Flag "Fake News"
Announcing the guidelines for online gaming, the minister said that the final rule on the fact-checking unit is still in work
-
New Online Gaming Rules to Spur Innovation, Boost Investor Confidence
The industry on Thursday said the new rules for online gaming will spur innovation, boost investor confidence and weed out gambling platforms while making the sector globally competitive. The norms are expected to help reduce regulatory fragmentation at the state level, and foster a more stable business environment, the industry said in one voice a...
-
Government Releases New Rules For Online Gaming That Involves Betting
The government today released new rules for online gaming which prohibit any game that involves betting and wagering, and entail a framework of multiple self-regulatory organisations (SROs).
-
DMK Slams Tamil Nadu Governor For Returning Bill Banning Online Gaming
The ruling party in its mouthpiece again raised concerns regarding the online gambling and said that the influence of it are leading to number of suicides in the State.
-
Government to Hold Discussions With Stakeholders on PIB Fact Checks for Social Media in February: MoS IT
The government will hold discussions with stakeholders before its controversial plan to give powers to its arm the Press Information Bureau (PIB) to police fake news on social media, according to Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. The Ministry of Electronics and Information Technology (MeitY) has prop...
-
Betting on Outcomes Of Online Games To Be Barred, Rules Expected In February: Minister
Minister of State for Electronics and IT Rajeev Chandrasekhar said that as of now, all permissible online gaming will need to be registered with a self-regulatory organisation that will be accountable to the online gaming rules.
-
Government Moots Self-Regulatory Mechanism, Mandatory Verification for Online Gaming Firms
The government on Monday proposed a self-regulatory mechanism for online gaming firms in India as part of the draft online gaming rules. The upcoming rules will also require mandatory verification of players while firms will have to provide a physical Indian address. Meanwhile, the proposed amendments envisage that an online gaming intermediary wil...
-
China Has Resolved Its Youth Game Addiction Problem, Top Industry Body Claims
China has successfully resolved the problem of game addiction among its youth, the country's top gaming industry association said in a report. Last year, regulators introduced rules to curb game addiction, barring anyone under 18 from playing video games for more than three hours a week. The move came as part of a broad regulatory crackdown against...
-
Swadeshi Jagran Manch Pushes for Limits on Entry Fees for Online Games, Plans to Approach Government
The Swadeshi Jagran Manch has said it will approach the government to push for limits on paid online games' entry fees. The move comes amid attempts by the industry in the country to lobby against stringent rules recommended by a government panel that calls for a new regulatory body, along with deposit and withdrawal limits.
-
Government Panel Recommendations For Booming Online Gaming Industry
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on online gambling, a government panel said in a report seen by Reuters.
-
Government Panel Recommends Regulatory Body For Online Gaming Industry
India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters.
-
PayPal Access in Indonesia Temporarily Restored After Blocking Over Licensing Rules Sparks Backlash
Indonesia has temporarily opened access to PayPal to allow users to access their money, after a block on online services triggered a backlash in the country. The government blocked PayPal, Yahoo, and several gaming services for failing to meet a deadline under the country’s licencing rules, introduced in 2020. Users in Indonesia will have access ...
