More playtime outside, limiting online gaming help China fight kids’ sedentary behaviour
Findings are based on surveillance data gathered from more than 7,000 primary and secondary school students. In a world-first, China’s recent laws... Key Points
The Tribune Indiaonline trading scam: Gurugram doctor falls victim, loses Rs 2.5 crore
A Gurugram doctor has become the latest victim of an online trading scam, losing a staggering Rs 2.5 crore to unidentified cybercriminals. Key Points
India TodaySC seeks response from taxman on ₹1L cr notices to e-gaming cos
The show-cause notices were issued after the government clarified that all online games involving betting and gambling, irrespective of skill or chance, will attract 28% GST on full-face value of the bets from October 1, 2023. The government believes some of these firms leveraged the lack of clarity on taxation of game of chance and game of skill before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms. Key Points
Economic TimesPune based engineer loses Rs 20 lakh after liking social media posts, here is what happened
A Pune-based IT professional lost Rs 20.32 lakh to an online scam involving paid tasks on social media. Key Points
India TodayMumbai woman books Dubai flight tickets online, ends up losing Rs 4.4 lakh to scammers
A Mumbai-based senior citizen was duped out of Rs 4.4 lakh in an online scam while trying to book flight tickets to Dubai. Key Points
India Today
Valuation rule for entry-level bets on e-gaming is prospective: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman clarified that the valuation rules for imposing a 28% Goods and Services Tax (GST) on entry-level bets on online gaming platforms are prospective in effect. The clarification came during the Lok Sabha discussion on the CGST (Second Amendment) Bill. The GST Council had previously clarified that the 28% GST applies to online gaming, specifically on entry-level bets, with the effective date for amendments set as October 1. Key Points
Economic TimesThe Last of Us online Cancellation: This is what we know about standalone multiplayer game
Naughty Dog's plan for a standalone multiplayer game, The Last of Us Online, after six years of development, faced cancellation in late 2023. The ambitious project lacked a set release date and platform details. The decision, driven by studio priorities, aimed to prevent a shift away from single-player games. Key Points
Economic TimesSC refuses to grant stay on tax notices to E-gaming companies
The show cause notices were issued after the government clarified that online gaming, betting, and gambling will be levied 28% GST on the full face value from October 1. The government believes that some of these firms leveraged the lack of clarity on taxation of game of chance and game of skill before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms. The government also amended the GST law making it mandatory for overseas online gaming companies to register in India from October 1. Key Points
Economic TimesHere is how you can recover money lost in UPI or banking fraud
The convenience of online transactions has become an integral part of our daily lives. However, the convience of UPI and internet banking have become popular targets for fraudsters due to their widespread use and ease of access. Key Points
India Today71 show cause notices issued to online gaming firms involving GST demand of Rs 1.12 lakh cr: Finance Minis
Online gaming companies are facing scrutiny for alleged GST evasion, with 71 show cause notices issued for evasion exceeding Rs 1.12 lakh crore during the financial years 2022-23 and 2023-24, according to the finance ministry. In the current fiscal year till October 2023, central GST officers detected a total GST evasion of Rs 1.51 lakh crore, leading to the arrest of 154 individuals. The fiscal recovery reached Rs 18,541 crore as of now. Key Points
Economic Times
Here's why so many people are losing money in online scams
The promise of quick financial gains has lured many into the web of deception. Cybersecurity, a vital aspect of Information Technology, plays a pivotal role in safeguarding personal data. Despite significant investments by tech firms in security measures such as fingerprint and facial recognition, criminals are evolving their tactics to dupe people. Key Points
Economic TimesDelhi University may provide up to 20% courses online through Swayam portal
New Delhi, Nov 27 (PTI) The Delhi University may provide up to 20 per cent of its courses through online medium on the Swayam portal. A proposal in this regard will be placed before the Academic Council during its meeting scheduled for November 30. According to the proposal, colleges may consider to provide up to […] Key Points
ThePrintCyber Monday 2023: Date, history, significance and everything you need to know
Get ready for Cyber Monday 2023! This year, it will be marked by a flurry of online shopping and transactions on Monday, November 27. Check all details inside. Key Points
Hindustan TimesShoppers click 'buy' as retailers slash prices ahead of Cyber Monday
Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Key Points
ReutersGurugram woman orders alcohol online, loses money to scammers: How to stay safe
A woman in Gurugram lost ₹30,000 after being directed to a scammer while trying to buy whiskey online. The scammers asked for additional funds for delivery and ended up stealing her money. Key Points
mint
Madras HC allows partial lifting of ban by Tamil Nadu govt on online gaming
The Madras High Court on Thursday ordered partial lifting of ban on online gaming as it has allowed games of skills like rummy and poker. However, it has continued prohibition on games of chance. Key Points
Economic TimesIndia demands $12 bln in tax from online gaming firms -govt source
Indian tax authorities have served notices to online gaming companies demanding about 1 trillion rupees ($12.03 billion) in taxes that they have allegedly evaded, a government source said on Wednesday. Key Points
ReutersClicking towards record: India's festival season spurs online shopping spree
Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon (AMZN.O) and Walmart (WMT.N) owned Flipkart are looking forward to a potentially record breaking few weeks. Key Points
ReutersIndia’s banks are making $64 billion from a freebie
India saw over 10 billion cashless transactions in August, with most of them being online and cost-free. However, customers using mobile-phone wallets to pay bills over 2,000 rupees are subject to a 1.1% fee. Despite concerns about the lack of profit motive, India's payment revenue reached $64bn last year, making it the fourth highest globally. Key Points
Economic TimesEngineer gets fake offer for part-time job in Amazon, loses Rs 52 lakh in the scam
One of the few cases reported from the city involved 22 victims who lost around Rs 1.15 crore collectivly between the first 24 days of September 2023. Key Points
India Today
India set to implement 28% GST on online gaming from October 1
India is set to implement a 28% Goods and Services Tax (GST) rate on online gaming starting from October 1, following the consensus of all Indian states. The amendments to GST laws were recently passed in the Lok Sabha, and the law for the GST rate on online gaming will have to be passed by the assembly of states. Key Points
Economic TimesBeware of job scam! Man loses ₹18 lakh in recent case; here are some safety tips
Surge in online scams in India, with individuals losing money to fraudsters promising quick income through online tasks. Mumbai resident loses ₹18 lakh in latest incident. Vigilance and precautions necessary to protect oneself from scams. Key Points
mintStatistics Ministry to shop online for data
India's Ministry of Statistics and Programme Implementation (MoSPI) has approached online grocery platforms BigBasket and Reliance JioMart to gather data on product prices. The ministry aims to use this data to formulate the retail inflation basket and calculate monthly inflation. The move comes as online grocery shopping in India has seen significant growth, with the market expected to reach $37 billion by 2028. Key Points
Economic TimesIndians are spending one-fifth of waking time on social media, OTT and online gaming: Study
Indian phone users spend around one-fifth of their waking hours on entertainment and information apps, including social media, OTT platforms, and online gaming, according to a study by an IIM Ahmedabad professor and a think tank. The report analyzed data from over 20.58 lakh users and concluded that women spent relatively higher time on OTT platforms while men spent more time gaming. Key Points
Economic TimesParliament passes bills to levy 28% GST on online gaming
Parliament Friday passed bills to amend the Central and integrated goods and services tax (GST) laws to levy 28% on online money gaming, casinos and horse racing. Finance minister Nirmala Sitharaman moved the bills in both the houses on the last day of the monsoon session and they were passed with a voice vote without any discussion. Key Points
Economic Times
Dmart's online business crosses Rs 2,000 crore sales mark, losses widened to Rs 194 crore
Avenue Supermarts, the operator of DMart retail chain, saw sales at its online grocery unit cross Rs 2000 crore in FY23 but losses widened as it expanded into newer geographies. Sales for Avenue E-Commerce (AEL), its online subsidiary was Rs2202 crore, a 32% jump while net loss widened to Rs 194 crore, as per its latest annual report. The online business brand, DMart Ready, had posted a loss of Rs 142 crore on sales of Rs 1667 crore in the previous fiscal year. Key Points
Economic TimesTax collections from 28% GST on online gaming may yield 20,000 cr in FY23-24, says Revenue Secretary
The government can even ban some of the gaming sites as was done in the past, he said, adding, 'They can even be regulated or prohibited. It would be our endeavour that if there is any illegal mushrooming of such online games, then we will make all efforts to curb them. Key Points
Firstpost28% GST on online gaming to yield Rs 20,000 cr annually: Revenue Secretary
The government anticipates earning an additional Rs 20,000 crore per annum after the GST Council implemented a 28% tax on full bet value for online gaming, horse racing, and casinos. Indian online gaming companies are currently only paying around 2-3% GST. Last year, the government collected only Rs 1,700 crore GST, which could have been Rs 15,000-20,000 crore if taxed on the full value. The decision has been challenged in the High Court, and the government will be pursuing all cases in the Supreme Court to recover taxes. Key Points
Economic TimesThere's also social angle to e-gaming: Vivek Johri, CBIC
GST Council's decision of 28% tax is a clarification of government's view that online gaming is an actionable claim, liable to be taxed at 28% on face value. The amendment proposed in GST laws is to further make it clear that online gaming is an actionable claim and liable to GST. Key Points
Economic TimesWoman orders Apple Watch 8 worth Rs 50,900 on Amazon India, gets a lookalike that costs Rs 2000
The woman revealed her experience of receiving a wrong delivery on Twitter. She shared the screenshot of the Apple Watch she had ordered and the photo of the lookalike smartwatch she received instead. Key Points
India Today
10 Ways to Make Money online With E-commerce
Today, eCommerce is booming at a very high speed. Many businesses are adopting the eCommerce model as it provides greater flexibility, high scalability, and speedy growth. Key Points
Times of IndiaAmazon launches first Big Tech challenge to EU online content rules
Amazon (AMZN.O) has launched a legal challenge against its inclusion in a group of companies subject to tough European Union online content rules, in a move that technology experts have said may prompt other tech giants to follow suit. Key Points
ReutersMumbai man loses Rs 1.2 lakh while ordering liquor online, here is what happened
In the latest scam, a 49-year-old man from Mumbai, who was trying to order liquor online, lost Rs 1.2 lakh to online fraudsters. Key Points
India TodayAmazon appeals to French court to scrap planned 3 euro book delivery fee
Online retailer Amazon.com has appealed to France's highest administrative court to overturn part of a law seeking to charge a minimum 3-euro ($3.3) delivery fee for books purchased online, it said on Tuesday. Key Points
ReutersHow to Make Money online With online Tutoring?
There are many people that could gain from online teaching. online teaching can be rewarding, regardless of your educational background or whether you are a school teacher searching for summer employment or a former educator looking for a side business. Key Points
Times of India
How to Earn Extra Money online 10 Ways
You may have considered ways to make money online if you're looking for a side business or fresh idea. Making money online when you know what you're doing is really simple. Key Points
Times of IndiaIndia’s internet economy to grow 6x to $1 trillion by 2030, says Google, Bain & Company and Temasek report
India currently has a total of over 700 million internet users and this includes 350 million digital payment users and 220 million online shoppers. India will see household consumption doubling by 2030, the report said. Key Points
FinancialexpressGrand Theft Auto Online's next update set for June 13
Get the latest scoop on the upcoming update for Grand Theft Auto Online. According to leaked information, the release is scheduled for June 13. Key Points
Hindustan Times10 online Jobs That Pay Well and Require No Experience
Many people don't necessarily look for their ideal career every day. Maybe you're just looking for a job that gives you some flexibility and money while you look for a full-time position when you're ready. Key Points
Times of IndiaAmity University Online’s Ajit Chauhan on the reason behind setting up online degree programmes
A large number of students come from across the country and some from international markets as this is boundary-less education. That's what online empowers. Key Points
Financialexpress
How online pharmacies have landed in a regulatory limbo
The lack of regulatory clarity is imperiling Indias online pharmacy sector. While the digital business has grown rapidly in the past few years, online pharmacies have been accused of irrational use of prescription drugs, unlicensed selling of drugs, and endangering patients area-wise data. They are also reportedly selling drugs without licences, which neither the existing drug laws nor the draft amendment rules are governing. As a chemists organisation recently demanded a ban on online pharmacies, the government is preparing to replace existing drug regulations with the New Drugs, Medical Devices and Cosmetics Bill, 2023, which is expected to bring in more stringent norms for the sector. Key Points
Economic TimesChemists' body urges cabinet secy to ban online pharmacies
The chemists's body has alleged that no further action has been taken, despite notices being served on various online pharmacies by the Drug Controller General of India (DCGI) in February. The chemists' body also brought an affidavit filed by the joint drug controller in 2020 which stated that there is currently no provision under the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945 for online pharmacies. The issue of online sale of drugs was under the consideration of the government, it said. Key Points
Economic TimesHow online learning can power lifelong learning goals
The online education market in India is predicted to grow by 19.9% between 2022 and 2027, with skill development and employment as the key factors driving growth. online learning has become more prevalent since the pandemic encouraged remote working and studying. The proliferation of high-speed internet and smart mobile devices has created a seamless medium for interactive learning experiences. Key Points
Economic Times