Page 27 - Online Gaming

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 .

Esports players seek clear definition of online games during consultations

The ministry earlier this month released draft rules for online gaming for public consultation

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

Fair game

Govt should not overregulate the gaming industry

IT ministry looking to regulate online gaming for children: Report

The new regulations may make it necessary for gaming companies to install mechanisms to prevent in-game purchases by anyone below 18 years of age

TMS Ep339: Online gaming, EV revolution, IT sector, Digital University

Will self-regulation work for online gaming in India? Will commercial vehicles drive the EV revolution? Will IT sector succumb to global headwinds? What's the National Digital University? Answers here

Betting on outcomes of games won't be allowed; rules likely in Feb: MoS IT

Online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. The minister 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. "As per the principles laid under the rule, wagering on the outcome of game will not be allowed. All online gaming companies will have to register with the self-regulatory body that will decide on the action required to be taken as per the rules," Chandrasekhar said. The Ministry of Electronics and IT has published draft rules for online gaming companies and has invited comments on the same by January 17. The objective of the rule is to grow the online gaming sector and encourage innovation, he added. The minister said that he expects the online gaming rules to be ready in early February.

Govt proposes self-regulatory mechanism, due diligence for gaming firms

The government has proposed a self-regulatory mechanism, mandatory verification of players and physical Indian address for online gaming companies, according to the draft online gaming rules published on Monday. Online gaming companies will be covered under the new IT rules that were issued in 2021 for social media platforms. The online gaming platforms are expected to comply with the laws of the land, including any such law that relates to gambling or betting or the age at which an individual is competent to enter into a contract. "The draft amendments are aimed at addressing the said need while enabling the growth of the online gaming industry in a responsible manner," the notice said. The draft amendments envisage that an online gaming intermediary will observe the due diligence required under the rules, "including reasonable efforts to cause its users not to host, display, upload, publish, transmit or share an online game not in conformity with Indian law, including any law on

Industry body IAMAI bids to form a self-regulatory body for online gaming

As per a gazette notification issued earlier this week, the Ministry of Electronics & Information Technology (MeitY) has become the nodal ministry to govern online gaming industry