Tag: online gaming

Online Gaming industry representatives meet IT Minister Ashwini Vaishnaw amid concerns about new legislation

September 1, 2025 admin

Union Minister Ashwini Vaishnaw. File | Photo Credit: The Hindu Seeking to address concerns of the industry mired in uncertainties since the passing of the online gaming legislation, Union Minister Ashwini Vaishnaw and officials of the Ministry of Electronics and Information Technology (MeitY) met industry representatives on Monday (September 1, 2025), according to government sources…

Business

Parliament passes Online Gaming Bill to ban all forms of money games

August 21, 2025 admin

Image for representation | Photo Credit: Getty Images/iStockphoto Parliament on Thursday (August 21, 2025) passed The Promotion and Regulation of Online Gaming Bill, 2025, with the Rajya Sabha approving it without debate amid din. The bill, piloted by Minister of Electronics and IT Ashwini Vaishnaw, seeks to ban all forms of online money games while…

Business

Mobile-Game-Addicted Odisha Man Dies By Suicide After Failing To Repay Debts

August 12, 2024 admin

A 22-year-old man allegedly died by suicide after failing to repay loans. (Representational) Jajpur, Odisha: A 22-year-old man allegedly died by suicide after failing to repay loans he had taken from people after suffering losses to the tune of lakhs of rupees in mobile games, police said on Monday. The incident happened on Sunday night…

Nation

‘Boop’, ‘The Ick’, ‘Chef’s Kiss’ New Additions To Cambridge Dictionary

July 26, 2024 admin

Online gaming also inspired several new entries. London: Informal words used as slang, such as ‘boop’ and ‘the ick’, are among more than 3,200 new words and phrases added to the Cambridge Dictionary in its latest update this week. ‘Boop’, which is defined as “a gentle hit or touch on a person’s or animal’s nose…

World

Online gaming companies get ₹1 lakh crore GST show cause notices so far

October 25, 2023 admin

A host of online gaming, like Dream11, and casino operator, like Delta Corp, have received GST show cause notices last month for alleged short payment of taxes. File. | Photo Credit: Reuters GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official…

Business

28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre

October 7, 2023 admin

The GST Council decided to clarify levy of 28 per cent GST on online gaming platforms New Delhi: As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and…

Business

“Don’t Impose GST On Online Gaming Retrospectively”: Fantasy Sports Body

October 4, 2023 admin

A senior official said the government is open to looking into the progress after some time. New Delhi: The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry….

Nation

All About Promoters, Modus Operandi And Money Laundering Allegations

October 4, 2023 admin

Offices of Mahadev app were raided by the ED last month. Actor Ranbir Kapoor has been summoned by the Enforcement Directorate (ED) in connection with a case involving the Mahadev Gaming App. The agency is investigating alleged money laundering in the online betting app, which is illegal in India, that is being run by two…

Nation

5 Rules Coming Into Effect From October 1

September 25, 2023 admin

The online gaming sector will be impacted by the new rules. (Representational Pic) Starting October 1, several new rules will come into effect. These rules, which will affect the daily lives of people, range from changes to the use of birth certificates to the implementation of the new TCS (tax collected at source) rule. Therefore,…

Nation

Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino

September 7, 2023 admin

Image for representation purpose only. | Photo Credit: Reuters The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of…

Business