Gaming News

Indian government rakes in over Rs. 1260 crore in TDS from online gaming and cryptocurrency trade

The Income Tax Department of India has successfully collected more than Rs 1,260 crore in taxes from online gaming and trading in cryptocurrency during the current fiscal year, following the implementation of a new Tax Deducted at Source (TDS) regime for online gaming and cryptocurrency trading, announced CBDT Chairperson Nitin Gupta, as per a report […]
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Online Money Gaming: Hoping for a solution on retrospective GST whether through courts or out of court, says Revenue Secretary

Union Revenue Secretary Sanjay Malhotra in a post budget interview to CNBC TV18 said he was hopeful of a resolution of issue pertaining to retrospective tax dues in the money gaming sector including by way out of court settlement. Responding to a query if the department is exploring out of court settlement, he said that […]
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E-Gaming Federation and National Law University form alliance to boost gaming policy in India

In a collaborative move aimed at knowledge development, research, and capacity building in gaming and technology policy, the E-Gaming Federation (EGF), India’s prominent skill-gaming industry body, has entered into a Memorandum of Understanding (MoU) with the National Law University (NLU), New Delhi, a leading law institution in the country. The MoU, signed on 2nd February […]
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SAG urges Finance Minister to investigate illegal offshore betting and money-laundering by Parimatch

The Society Against Gambling Trust (SAG) has taken an active stance against illegal offshore betting activities, urging Finance Minister Nirmala Sitharaman to initiate a comprehensive inquiry into the alleged activities of Prosportive Wear Private Limited, an affiliate of the illegal offshore betting website ‘Parimatch.’ In a formal letter addressed to the Finance Minister dated 1st […]
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Chhattisgarh tourist alleges Rs.10 Lakh casino scam in Panaji; accused files counter-complaint of assault

A tourist from Chhattisgarh lodged a police complaint against a person for a suspected scam involving ₹10 lakh at an offshore casino in Panaji. The accused, posing as a deputy collector from Ahmedabad and hailing from an affluent family, reportedly tricked the tourist into lending him gaming chips, promising to repay if he lost the […]
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Rario reverses shutdown decision amidst backlash, maintains reward program for cricket NFT platform

Rario, the cricket non-fungible platform (NFT) backed by Dream11 parent Dream Sports, has decided to maintain its current rewards program following backlash from users who faced losses on their investments. Contrary to their earlier announcement of shutting down the platform on January 29, 2024, the company has now revealed its intention to continue allowing users […]
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New tax regime: Govt sees six fold jump in GST collections from online money gaming companies post 1 October 2023

Union Revenue Secretary Sanjay Malhotra in a post budget interview to CNBC TV 18 today said online money gaming platforms are paying Rs. 1200 crores per month GST on an average from 1st October, 2023 since the new GST regime of 28% on deposits was introduced compared to Rs. 200 crores per month on an […]
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Esportz Premier Series concludes spectacular grand finale, crowns champions across genres

The third edition of India’s yearlong esports championship, Esportz Premier Series, concluded at the NESCO Center in Mumbai on January 19th and 20th. Drawing together gamers, fans, athletes, streamers, content creators, and brands, the Grand Finale showcased the expertise of 80 top esports athletes from across India who emerged victorious from a pool of over […]
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Supergaming’s Indus Battle Royale beta launches globally, amasses 8.5 million pre-registrations

SuperGaming, India’s prominent game developer, has revealed the latest phase of its global expansion strategy for the Indo-Futuristic battle royale game, Indus, through the launch of the Indus Battle Royale Beta. This release follows a closed beta period for selected iOS users that commenced in December. The overwhelming response with over 8.5 million pre-registrations underscores […]
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Games24x7 unveils 15 start-ups in GameTech Accelerate Programme at GAFX 2024

Games24x7, a prominent online skill-gaming platform, in collaboration with the Government of Karnataka, unveiled 15 shortlisted start-ups for its innovative GameTech Accelerate programme at the annual Gaming, Animation, and VFX (GAFX) 2024 event in Bengaluru. This marks a significant step towards promoting innovation and growth in India’s dynamic online gaming industry. Launched in December 2023, […]
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