The IT hardware industry wants the government to clarify operational modalities around import licensing at the earliest so that it can make contingency plans, said senior executives.
India's move to restrict imports of laptops and personal computers, among other products, could trigger a dispute at the World Trade Organization (WTO), experts said. The government has said that it's within its rights to impose such measures to ensure national security.
A sin tax on online gaming allows the government to sidestep the morality debate
Crypto bros in India must be smirking at the fate that has befallen their counterparts in online gaming. A year after it brought crypto trading under maximal taxation, the government has now levied a 28 percent GST on online games, casinos and horse racing.
With this, gaming and casinos join crypto trading, cigarettes and liquor in the category of activities which fall under the dreaded sin tax bracket, also dubbed sumptuary taxes.
Video-gaming revenue to grow 2.6% in 2023 on console sales strength - report | Reuters
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A worker holds a Playstation 5 at a Best Buy store during Black Friday sales in Chicago, Illinois, U.S., November 25, 2022. REUTERS/Jim Vondruska
Aug 8 (Reuters) - Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony's Playstation 5, according to gaming market research firm Newzoo.
Global Gaming Market To Touch Nearly $200 Billion In 2023, Thanks To Hogwarts Legacy, Zelda, ...
Fans have already seen the vast success of 2023 titles like The Legend of Zelda: Tears of the Kingdom and Hogwarts Legacy . With multiple games breaking sales records, the industry is expected to grow at an exponential rate.
In the latest report from market analysis company Newzoo , they estimated the global games market to generate $187.7 billion this year. The industry is growing at an unprecedented rate of 2.6% year-on-year comparison.
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