Page 26 - Online Gaming

Tamil Nadu Governor returns bill on prohibition of online gambling

On October 7 Governor Ravi promulgated an ordinance to prohibit online gambling and to regulate online gaming in the state

Graded KYC for online gaming platforms likely to receive MeitY approval

Platforms must follow verification procedure as prescribed under RBI's directions for entities regulated by it

Amazon's cloud gaming platform 'Luna' may add Epic Games' Fortnite

Luna dropped 53 games, including titles like 'Snake Pass', 'Retro Classic: Gate of Doom' and 'Bridge Constructor Portal'

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

Top headlines: MSCI to review Adani Group securities, Maaza to go global

Business Standard brings you the top headlines at this hour

GST Council meet: Tax on online gaming activities unlikely to be discussed

Council was to meet on Feb 18, but schedule may be changed

Country needs a strict federal law for online gaming: IT Minister Vaishnaw

"We should have a central law and the regulation has to be very strict because society is impacted by addiction to online games, especially by online gambling," he said

In process of finalising online gaming regulation, Centre tells Delhi HC

The Centre on Monday told the Delhi High Court that the draft regulation in relation to online gaming has been circulated and it is in the process of finalising the same. The statement was made by the central government counsel before a bench of Chief Justice Satish Chandra and Justice Subramonium Prasad. The Centre's lawyer informed the court which was hearing petitions by Atul Batra and Avinash Mehrotra concerning the regulation of online gaming -- that consultations with the stakeholders have begun. Draft regulation has been circulated and consultations have started. Stakeholder meeting with all representatives, whether lawyers or civil society... two rounds have already happened. We are in the process of finalising the same, the lawyer said. In view of the Centre's stand, the court said it would take up the matter after eight weeks. The court closed the proceedings on the petition by Batra, a lawyer, after he said that no further order was required on his plea which sought on

Budget 2023-24: Online gaming companies welcome clarity on taxation

The Finance Bill has made a critical distinction between games of skill and games of chance, classifying them into separate sections

Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

MSI unveils 13th Gen Intel Core powered laptops with Nvidia RTX 40 GPUs

MSI introduced laptops in the Stealth series, Titan GT series, Raider GE series, Cyborg series, Creator Z series, and more

Budget 2023-24: Net winnings from online games to attract 30% TDS

Proposes 30% tax on net winnings, removes threshold of Rs 10,000

Need clarity in definitions, wider governance in online gaming rules: UKIBC

The council has urged govt to legalise and regulate gaming market across India, particularly sports betting, in line with Law Commission's 2018 recommendations

Indian gaming industry seeks clear tax regime, duty credit scrips in Budget

Budget 2023: They also suggested that the Centre can also consider levying separate tax slabs for each game category, like casual games, fantasy games and esports

Put online gaming policy on hold: Law commission to MeitY officials

Ministry unlikely to shelve draft rules, asks commission to submit inputs

Gaming firms recommend self-declaration mechanism, graded KYC to MeitY

The ministry is also expected to release some guidelines to prevent a conflict of interest for the board of SRO soon

Gaming firms seek distinction between 'video games' and 'real money games'

In the ministry's recent draft notification, 'video games' and 'online games played for stakes' are combined under one definition

MeitY calls another consultation on online gaming policy on Tuesday

The ministry earlier this month released draft amendments to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, in relation to online gaming

Apple Arcade launches new puzzle game 'Illustrated', updates others

Apple Arcade has launched a new puzzle game 'Illustrated' which is from the makers of another puzzle game 'Patterned', and brought updates to a few games, including 'Grindstone'

UP emerges top gaming destination; tier 2-3 towns outpacing metros: Report

Uttar Pradesh has emerged as the top destination for mobile gamers, followed by Maharashtra, Rajasthan, Bihar and West Bengal, according to India Mobile Gaming Report 2022 by gaming platform Mobile Premier League released on Sunday. Odisha, Punjab, Tamil Nadu, Puducherry and Himachal Pradesh have seen the highest increase in mobile gamers in 2022 compared to 2021. In terms of games, Ludo Dice, Snakes and Ladders, Carrom, Fruit Dart, Block Puzzle and Poker were some of the top games played by gamers across different Indian cities. In Uttar Pradesh, Lucknow, Kanpur, Varanasi, Ghaziabad and Allahabad have the highest share of gamers. "Thirty-six per cent of the total gamers in UP hail from these cities. This is the second year in a row that Lucknow has earned recognition for its gaming prowess -- last year's IMGR revealed that growth in Lucknow outpaced all metros," the report said. Last year, India became the largest consumer of mobile games in the world, recording over 15 billion .