Tag: Online Gaming

High taxes and policy uncertainty drive Real Money Gaming operators offshore

Recently, the Open Network for Digital Commerce (ONDC) onboarded RMG platforms to its network, creating a mutually beneficial situation.

Real Money Gaming (RMG) was the largest contributor to the gaming sector in India, comprising 83-84% of overall revenue in FY22, according to a report by Grant Thornton Bharat titled Guardians of Safe Play: Ethical Gaming for Vibrant Bharat.

PM Modi highlights Indian animation growth, praises ‘Chhota Bheem’ on Mann Ki Baat

The Prime Minister praised India's animation studios for partnering with global giants like Disney and Warner Bros., creating original content that showcases Indian culture on the world stage. (Image source: World Bank Live)

In ‘Mann Ki Baat,’ Prime Minister Modi praises Indian animation and calls on youth to innovate in the booming animation and gaming industries.

Indian online gaming sector faces threat from money laundering, reveals Digital India Foundation report

Incubators serve as a platform for young game developers and studios, providing critical resources like game development tools, testing environments, and infrastructure. Specialized gaming incubators can guide these startups on creating video games for local and global markets, helping them overcome entry barriers and thrive.

The Indian Real Money Gaming (RMG) sector has become a key player in the global market with a CAGR of 28% from FY20 to FY23 and its projected revenue is set to reach $7.5 billion within next five years.

Govt advocates for gamification in school curriculum to boost learning

Union Minister of State for Education Sukanta Majumdar

‘Gamification can revolutionize traditional learning methods by making education much more attractive for students, making complex subjects more accessible and engaging for students and encouraging critical thinking,’ Union Minister of State for Education Sukanta Majumdar said

DGGI will shake hands with foreign govts to crack whip on offshore gambling firms

The DGGI Annual Report states that actions have been taken against 118 domestic online gaming companies, with Show Cause Notices issued to 34 taxpayers, involving tax amounts of Rs 1,10,531.91 crore.

This move will curb tax evasion in the online ‘gaming’ sector in India and will also help block websites of such notorious illegal offshore entities.