The Minister of State at MeitY Rajeev Chandrasekhar mentioned that the draft recommends a self-regulatory system that, in the future, may also govern the content of online gaming.
India is home to a booming gaming market. It is a very significant slice of the start-up ecosystem. According to the gaming and interactive media fund, Lumikai, with around 900 gaming establishments and 500 million gamers, the market is estimated to be worth $8.6 billion by 2027, up from $2.6 billion in 2022. The rising fame of online gaming, particularly during the Covid-19 years, produced three unicorns in 2022 namely - Dream11, MPL and Games24x7.
Rules of the Game
Meity has suggested a modification to bring online gaming under the domain of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules of 2021. The suggestion, which is part of the draft online gaming policy that will be subject to public consultation till January 17, tries to consider online gaming establishments as intermediaries. The guidelines recommend a supervisory outline for online gaming intermediaries, which accept consumer deposits and create anticipations of winnings. Intermediaries are how the IT Rules define units that enable the flow of data on the internet. For example, search engines like Google, social media platforms like Facebook, broadcasters, and OTT platforms are all intermediaries. In the gaming context, any platform that offers at least one online game is a gaming intermediary.
Denne historien er fra February 1 - 28, 2023-utgaven av BUSINESS ECONOMICS.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 1 - 28, 2023-utgaven av BUSINESS ECONOMICS.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Deposit shortage: challenges facing India's banking ecosystem
In any macroeconomic framework, the household sector plays a critical role as a driver consumption, savings, and overall economic activity.
India's future dreams in Semiconductors & AI
A midst the gloom of the RG Kar affair or the Tirupati laddu scam or even the continued terrorist attacks in Jammu & Kashmir, even after the completion of the first general election in the state, we find hope and encouragement when the founder of Nvidia, Jensen Huang, in his recent visit to India says \"India will be a gigantic opportunity for us\".
The Ramayana: Justice and Modern Man
Consisting of Twenty-Four Thousand worthy Sanskrit verses, the Ramayana is one such epic, which provides a pathway to one committed to justice to establish himself as an ideal human being by following the exemplary life of its hero.
Vallabhbhai Patel: A Sardar of Farmers, A Matchless Social Reformer and the Maker of United India
Sardar Vallabhbhai Patel was instrumental in unifying the princely states to form the Union of India.
Understanding Prosperity: NOBEL Prize awarded for groundbreaking research on institutions and economic development
The Royal Swedish Academy of Sciences has awarded the Memory of Alfred Nobel to three US-based economistsDaron Acemoglu, Simon Johnson, and James A. Robinson\"for their studies on how institutions are formed and affect prosperity.\"
Sinking Resources: Groundwater crisis and sustainable solutions in Kolkata
Kolkata's underground water crisis is becoming a serious issue, driven by rapid urbanization and the construction of high-rise buildings.
Tourism Industry positively impacted by the festive season
Diwali transforms streets into a spectacle of festive lights, Diwali transforms streets into olis, and families gearing up for grand celebrations.
RBI's Shift to a Neutral Stance: Signaling a New Phase in Monetary Policy
For over a year, the Reserve Bank of India (RBI) has taken a firm stance against inflation, raising interest rates by 250 basis points between May 2022 and February 2023 in response to post-pandemic price pressures.
UK Budget
There _ he latest UK budget represents a departure from previous fiscal documents.
Han Kang's Historic Nobel Prize Win
The 2024 Nobel Prize in Literature has been awarded to T South Korean writer Han Kang, 53, known for her works including The Vegetarian, The White Book, Human Acts, and Greek Lessons.
