Supreme Court decision on gambling taxation in India
A Supreme Court policy on gambling taxation in India is being eagerly watched by legal analysts because it might have a big impact on an industry already suffering with...
India’s online gambing: a path to economic success
India’s online gambling sector could help the nation achieve its development objectives, especially its goal of being a thirty trillion dollar economy by 2047.
In order to guarantee fair play, consumer protection, and ethical gambling operations, it highlights the necessity of explicit laws.
India has a great chance to dominate the global gambling industry given its sizeable and youthful population and the country’s second-highest number of online players worldwide, which is now increasing at a quick pace. But in order to fully realize this potential, the correct legislative framework and supportive environment are needed.
The Goods and Services Tax (GST), which streamlines tax structures, and the JAM trinity (Jan Dhan-Aadhaar-Mobile linking), which encourages financial inclusion and the security of online transactions, are just two examples of the steps that India has already taken to create a favorable digital environment. The foundation for the expansion of the online gambling market was laid by these measures as well as those pertaining to data security, privacy, and protection.
India must raise per capita income and sustain a high GDP growth rate in order to meet its economic objectives. In spite of obstacles like high deposit GST rates, India’s online gambling market has been resilient and creative. In order to avoid raising prices on customers, businesses have improved processes and technology in response to regulatory restrictions. This flexibility shows the industry’s potential for expansion and innovation, both of which can greatly aid India’s economic progress.
ED Investigates online gambling scam in India
A list of online gambling companies with headquarters in small island nations Curacao, Malta, and Cyprus are under investigation by the Enforcement Directorate.These...
