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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
Last week, the Supreme Court stayed the show-cause notices issued by the Directorate General of GST Intelligence to online gaming companies and casinos, demanding payment of around Rs 1.2 lakh crore in retrospectives taxes. This is a significant development, giving a ray of hope to the country’s online gaming sector, which has been in the doldrums for the past one-and-a- half years.
The GST Council had, in October 2023, hiked the goods and services tax levied on real-money gaming companies to 28% of the full face value of all bets placed. The tax slab was to apply retrospectively, from August …
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
