Page 3 - Gaming Industry India

Gaming industry signs code of ethics for safe, trusted & accountable gaming

Joy Bhattacharjya, Director-General, FIFS, said that India's gaming sector is a sunrise sector, with almost 50 crore active users

$8.9 bn in notices! Why India's gaming revenue forecast has been slashed

In the last financial year, gamers in India stood at 568 million, of which 25 per cent were paying users. The number of gamers in India, as per the report, grew by 12 per cent compared to last year

Cashing in on a new addiction: mobile games

Creating an engaging game is difficult. But more difficult is to get consumer to download the app & engage with it. In this re­gard, the gaming firms in India have done the impossible in short period

Gaming industry sees tax liability increasing by 1,400% on DGCI calculation

An official said that companies have pleaded that the GST demand raised is 3-4 times their revenues and that they will not be able to survive this

Players optimistic about online gaming's potential despite high tax: Report

A study by the Electronic Gaming Foundation in consultancy with the Indian Statistical Institute (ISI) has found that, despite a high tax rate, the players are optimistic about the potential of the online skill gaming industry in India. Skill gaming is a game in which the outcome is impacted by the player's skill and not chance or luck. The study, titled "Unveiling the Potential and Scope of the Online Skill Gaming Industry", comes at a time when the sector is facing taxation similar to sin goods at 28 per cent, which has called into question the survival of many entities, mainly the smaller ones. The survey, advised by two ISI professors, Diganta Mukherjee and Subhamoy Maitra, surveyed 4,644 engineering students and professionals across five states - Andhra Pradesh, Telangana, Kerala, Karnataka, and Tamil Nadu - to explore their perceptions, aspirations, and preferences regarding the online skill gaming sector. The study found that the majority of respondents are optimistic about

84% tech practitioners believe India can lead global gaming industry: Study

A survey by the Indian Statistical Institute, Kolkata found an increasing interest from students to pursue a career in the gaming industry, underscoring the potential in India's gaming sector

Gaming unicorn MPL lays off 350 employees, revisits office infra costs

The move comes at a time when the GST Council has recommended imposing a 28 per cent tax on full deposit value, with no distinction made between games of skill and chance

IAMAI urges GST Council to tax gaming platform fee, not full face value

The Internet and Mobile Association of India claimed that the new GST rules are not aligned with best global practices and may place Indian gaming companies at a disadvantage

BGMI developer Krafton's 'Road To Valor: Empires' crosses 335,000 downloads

Moreover, under 'Siege Weapons', the number of summoned units of trained auxilia in the Trojan Horse has been changed from 10 to 5

Centre likely to seek different taxation policy for games of skill, chance

The finance ministry will present its view when the GST Council discusses the report of a Group of Ministers (GoM) on online gaming, sources said

11.3% women use payment apps, 6.1% active on gaming apps in India: Report

The report by Artificial Intelligence innovation start-up Bobble AI showed that hardly 6.1 per cent women are active on gaming applications

Paid competitive gaming growing 6x faster than overall mobile gaming: RPT

A report on Friday showed added that consumer spending on games has gone up by around 40 per cent in the last three years

India Gaming Show 2023 back offline after 4 years today: Details here

IGS 2023 will have several events like an exhibition, meet and greet, cosplay, product launches, product demonstrations and awards

Reliance Jio partners with Gamestream to launch JioGamesCloud: Details here

Gamestream is a France-based cloud gaming solutions provider. This collaboration will allow JioGames to launch its cloud gaming platform JioGamesCloud, which is currently available in beta

Self-regulating body to work at arm's length from gaming industry: IT min

Rajeev Chandrasekhar added that many of the burning issues around online user harm, safety and trust, safeguarding children from addictive intermediaries or platforms will be addressed

State governments to oversee law for online games in their jurisdictions

The states will also be asked to appoint grievance redressal executives and nodal contract executives

IT ministry appointed as nodal ministry for online gaming in India

The Department of Sports under the Ministry of Youth Affairs and Sports has been notified as the nodal agency for e-sports

TDS guidelines for gaming companies may require greater disclosure

The move is aimed at improving reporting and transparency in these sectors

Centre appoints MeitY as the nodal ministry for gaming, to set rules soon

The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide

Online games with monetary bets likely to have a 'child lock' mechanism

MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks