Big crackdown on online gaming firms as Gamezkraft founders land in ED custody
The ED has arrested three Gamezkraft founders after searches in Karnataka and NCR as scrutiny intensifies on online money gaming platforms under the new gaming law.
The ED has arrested three Gamezkraft founders after searches in Karnataka and NCR as scrutiny intensifies on online money gaming platforms under the new gaming law.
In a tragic incident in Uttar Pradesh’s Ghaziabad, three minor sisters lost their lives after jumping off the ninth floor of their residential building in the early hours of Wednesday.
Online gaming and gambling are two different activities that are often confused or considered together, due to their association with the internet, and the potential for financial transactions.
The Centre has said that there should be at 28 per cent GST on online gaming industry starting from October 1 even as the industry has raised concerns on the applicable GST Rates.
During the GST Council meeting, states pointed out that dues being demanded from some firms is much more than their turnover.
The policies of the government are aimed at ensuring an Open, Safe and Trusted and Accountable Internet for its users, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar.
The policies of the government are aimed at ensuring an Open, Safe and Trusted and Accountable Internet for its users, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar.
Video game players, under the age of 18, will be restricted to 8 p.m. to 9 p.m. on Fridays, Saturdays and Sundays, as well as on public holidays, according to the National Press and Publication Administration (NPPA).
The number of UPI transactions grew by 288 per cent and expenditure through UPI grew a phenomenal 331 per cent between 2019 and 2020.
And online gaming which includes real money games (RMG), fantasy games, mobile-centric/casual games, and e-sports has emerged as an integral part of the wave of digitalisation the world is currently witnessing.
