We missed this earlier. Ahead of the upcoming elections, All India Gaming Federation (AIGF), has approached members of Bharatiya Janta Party (BJP) and Indian National Congress (INC) manifesto committees for suggesting that they include legalisation and regulation of online gaming in their manifesto respectively before the finalising of it. Regulation of gaming is not a part of the Congress manifesto. The industry body says that formally regulating and taxing the online gaming industry under a centralised authority can make it a potential source for the generation of substantial revenues to the exchequer, the creation of jobs, curbing and elimination of unlawful activities, like match-fixing and money laundering. AIGF says that it is working with state governments and authorities to introduce 26% FDI in the segment and legalise gaming related activities. Note that the Lodha committee report has also suggested that it would serve both the game and economy if betting was legalised as has been done in the United Kingdom. Legal landscape related to gaming in India According to the AIGF, gaming is a state subject in India such that state has the power to legislate and enforce an Act regarding gaming. In terms of the states that have their own gaming Act, these Acts are archaic in nature. In the age when the gaming business has gone digital over the years, there is a must need to have a central regulatory framework to regulate the online gaming industry. • The ‘gaming’ industry is said to be consisting of 2…
- Delhi High Court puts a stop to fraudulent Burger King websites September 21, 2023
- WhatsApp bets on e-commerce in India with new business features September 21, 2023
- Event Announcement: International trends in Network usage fees, 4th October #Ad September 21, 2023
- Delhi HC Passes Order Disallowing Non-Permitted Use Of Anil Kapoor’s Name, Voice, Dialogue Through AI September 21, 2023
- IT Ministry appoints special officer on duty to set up the Data Protection Board of India September 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...