Tag: Budget 2024

Union Budget 2024: Major tax revisions set to boost gaming and esports sector

As per shareholding data post-investment, Play Ventures will hold 3.38%, Countryside Ventures 4.46%, Gameskraft Technologies 2.12%, and Kalaari Capital 6.35% of the company.

The rollback of the Angel tax is being considered to be a major boost for Indian gaming and esports entrepreneurs, leading to more opportunities as well as higher engagement with the youth.

Union Budget 2024: Government to spend Rs 1,089 crore for information and publicity

As part of the long-term vision for nurturing creative talent, a Memorandum of Understanding was signed between the Ministry of Information and Broadcasting (MIB) and the Maharashtra government.

According to the budget expenditure report for 2024-2025, the government has allocated Rs 36.93 crore for Art and Culture and Rs 2,959.94 crore for Broadcasting. Furthermore, the government has allocated Rs 23 crore to the National Film Development Corporation.

Indian Industry wishlist for Budget 2024: Tax relief, EV push & skill upgradation

The surge in advertising spend will be directed towards regional and localised campaigns, aimed at capturing the growing market share in rural segments in H2 FY25. (Image source: Moneycontrol)

Industry leaders are awaiting measures that will empower their respective sectors and propel the nation towards its $5 trillion dollar ambition.

Budget 2024: Focus should be on ‘100% FDI in multi-brand retail trade,’ Deloitte India says

The Union Budget 2025 are set to make a range of products more affordable, benefiting both industries and consumers across various sectors.

Budget 2024: Government should consider allowing 100% FDI in multi-brand retail trade, at least for goods that get manufactured in the country, Anand Ramanathan, Partner and Consumer Products and Retail Segment Leader at Deloitte India said

Indian gaming industry awaits tax exemptions, SEZ in upcoming budget

The Union Budget 2025 are set to make a range of products more affordable, benefiting both industries and consumers across various sectors.

Recently, a consortium of 70 Indian gaming companies wrote to the PMO and I&B Ministry suggesting a reduction of GST on video games to a 12 percent bracket to promote sustainability and better cash flow for game companies, as well as exemptions on import/customs duties, IGST, and any cess for proprietary hardware development kits used for testing and developing video games.

Budget 2024: Boost AI tech in taxation, PPP model, building trust, say experts

AI-powered applications like fashion avatars, smart shopping carts, and virtual influencers are enhancing customer engagement. 47% of retailers state that AI has led to new product and service developments

The Centre and the state have already implemented policies focusing on AI such as the Bhasini program, and YuvAI for skilling youth