Gaming Industry India

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

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

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

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

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

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

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

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

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

GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022 is being investigated by the tax officers, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a question in the Lok Sabha, the minister said the Enforcement Directorate has attached proceeds of crime of more than Rs 1,000 crore in several cases related to Cyber and Crypto assets frauds wherein online gaming etc have been used for siphoning the proceeds. About evasion of Goods and Services Tax (GST), Chaudhary said Central Board of Indirect Taxes and Customs (CBIC) formations have initiated investigations against some gaming companies (including online gaming firms) located in India as well as abroad. "The estimated evasion of GST by these companies works out of Rs 22,936 crore, relating to the period April 2019 to Nov. 2022," he said. Besides, the Directorate of Enforcement is investigating several cases related to Cyber and Crypto assets frauds wherein ..

Going by the industry estimates, India's gaming industry at its present pace will touch the dollar 25-billion-mark, way ahead of 2030

How is game of skill different from game of chance?

A debate around the game of skill, where people with experience have a better chance of winning and making money than the rookies and game of chance has been raging for a while now. Here's more

Industry expected to attract Rs 780 crore in foreign investment, says TeamLease Digital report

Ray tracing uses lighting techniques to bring more realism in video games. By using algorithms, this technology traces and imitates the path of light that it would take in real world

Country has 507 million gamers and more than 900 companies in the sector

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

At least 600 million people will be playing online games by 2030, says Sameer Barde

The income tax (I-T) department recently issued show-cause notices to seven online game companies, as part of an investigation into possible tax evasion by such institutions.

The Federation also believes that the ban can have an adverse effect on the state and will push more and more people towards illegal offshore websites

The ministry said it had issued a similar advisory on June 13, asking newspapers, private TV channels, and digital news publishers to refrain from publishing ads of online betting platforms