Top Headlines: India's economic activity, online gaming policy, and more

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Indian market, indian economy, consumer sentiment
Photo: Bloomberg
BS Web Team New Delhi
2 min read Last Updated : Dec 19 2022 | 8:17 AM IST
India’s economy appeared to slow rather than accelerate last month. MeitY is close to finalising a policy to regulate online gaming and is likely to mandate an age verification mechanism and KYC. Read more on these in our morning brief of top headlines. 

India's economic activity looks set to slow in Nov as resilience wanes

India’s economy appeared to slow rather than accelerate last month, as high-frequency indicators tracked by Bloomberg signaled worsening business and consumption activity. Read more
 
50K show-cause notices sent to companies, partnership firms after GST audit

The goods and services tax (GST) authorities have issued around 50,000 show-cause notices (SCN) to several companies and partnership firms across sectors, including real estate and jewellery, following the findings of an audit exercise they started earlier this financial year. Read more
 
Online gaming policy may mandate age gating mechanism for real-money games

The Ministry of Electronics and Information Technology (MeitY) is close to finalising a policy to regulate online gaming and is likely to mandate an age verification mechanism and know-your-customer (KYC) norms for all real-money games, sources said. Read more
 
Elon Musk asks Twitter users to vote to decide if he should step down

Elon Musk, under fire for recent policy changes at Twitter Inc., is asking users to vote on whether he should step down as head of the social media site. Read more
 
CBIC detects Rs 62K-crore GST evasion via fake invoices during past 3 years

Tax authorities have detected Rs 62,000 crore worth of goods and services tax (GST) evasion (or frauds) using fake invoices during the past three years, said a senior official of the Central Board of Indirect Taxes and Customs (CBIC). Read more

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Topics :Elon MuskIndia economyGSTGST invoicesTwitteronline gamingTop 10 headlinesIncome Tax fraud

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