The recently imposed 28 per cent goods and services tax (GST) on online games involving real money will not impact the taxation on e-sports, such as FIFA Online and League of Legends, or leading titles on PlayStation, Xbox and Nintendo platforms. The higher tax rate will be solely levied to pay-to-win games, such… Continue reading GST levy on online gaming may not impact taxation on e-sports, video games
Tag: impact
Data protection bill can adversely impact on press freedom: Editors Guild
The Editors Guild of India on Sunday expressed concerns over certain provisions of the Digital Personal Data Protection (DPDP) Bill, saying they can have an adverse impact on press freedom. In a statement here, the Guild said the DPDP Bill creates an enabling framework for surveillance of citizens, including journalists and their sources.… Continue reading Data protection bill can adversely impact on press freedom: Editors Guild
Formula E race in India made economic impact of nearly Rs 700 cr: Report
Formula E’s only double champion Jean-ric Vergne won the highly competitive race, which was watched live in more than 150 countries around the world. Formula E’s first-ever race in India, held in February earlier this year, made an economic impact of nearly Rs 700 crore, according to a report. The economic study conducted… Continue reading Formula E race in India made economic impact of nearly Rs 700 cr: Report
Buyout impact, margin worries likely to cap gains for Maruti Suzuki
Premium The company is expected to outperform the passenger vehicle industry, which is expected to grow in the 5-7 band in FY24. The stock of the country’s largest passenger vehicle maker, Maruti Suzuki India (MSIL) was down 1.06 per cent in trade on margin pressures in Q1FY24, mixed market share outlook, and earnings impact… Continue reading Buyout impact, margin worries likely to cap gains for Maruti Suzuki
Flooding in Beijing highlights climate change’s impact on rainfall
By Kendra Pierre-Louis Torrential rainfall from Typhoon Doksuri inundated Beijing on Monday, flooding neighborhoods, damaging roads and killing two people. Parts of the city saw up to three inches of rain, just over half of what Beijing usually gets in all of July. While it’s too soon to determine whether Typhoon Doksuri was… Continue reading Flooding in Beijing highlights climate change’s impact on rainfall