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The Indian government has announced that it would impose a heavy 28 per cent tax on the funds collected by online gaming firms from its customers, dealing a blow to the country’s fast-growing industry valued close to $2bn. India’s Goods and Services Tax (GST) Council, consisting of federal and state ministers, said on Tuesday that it has agreed to levy a 28 per cent indirect tax on online gaming, casinos, and horse racing, adding there should be no distinction between “game of skill” and “game of chance.” Industry experts have voiced concerns that the increased tax burden on the companies may lead to extra charges levied from customers. Companies have so far only paid a small tax on the fee charged from customers for playing games involving real money, but Tuesday’s new rule would impose a 28 per cent tax on the amount these firms collect from players in every game, dealing a hefty blow to their operations. “The implementation of a 28 per cent tax rate will bring significant challenges to the gaming industry. This higher tax burden will impact companies’ cash flows,” Aaditya Shah, an executive at the gaming app IndiaPlays, told Reuters. The new move also comes amid a number of reports across the country of gaming addiction and financial losses among fantasy cricket players and online card games. Commenting on the GST Council’s decision, Roland Landers, chief of the trade body All India Gaming Federation which represents firms like Mobile Premier League, Gameskraft, and Paytm First Games, said it is “unconstitutional, irrational, and egregious”. “This decision will wipe out the entire Indian gaming industry and lead to lakhs of job losses and the only people benefitting from this will be anti-national illegal offshore platforms,” Mr Landers said in a statement, TechCrunch reported. Ashneer Grover, co-founder of the Indian fintech company BharatPe and a former Shark Tank India judge, tweeted that the move may pose risks “not only for online games – but across sectors. Across startups.” “You got billions in from foreign investors as FDI (foreign direct investment). Celebrated FDI inflow! Now the same investors will apply regulatory risk discount to India and funds will dry up,” he said. “RIP – Real money gaming industry in India....It was good fun being part of the fantasy gaming industry - which stands murdered now,” Mr Grover tweeted. Read More A look at sports gambling rules among Big 4 pro leagues Seventh Indian cheetah died of ‘traumatic shock’ after fight with female, post mortem shows Record monsoon rains have killed more than 100 people in northern India this week £10 phone with e-wallet and streaming can bridge India ‘digital divide’, experts say Elon Musk reveals plan to use AI to reveal mysteries of the universe xAI: Everything we know about Elon Musk’s new AI company

SOLNA, Sweden & SANTA BARBARA, Calif.--(BUSINESS WIRE)--May 22, 2023--

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A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in

Earth has received the first ever ‘alien message’ after a simulation of what extraterrestrial contact could look like was sent out by scientists. The SETI Institute produced the simulation of a radio wave from a Mars orbiter and gave hint of how alien contact would be received. The exercise was conducted to prepare experts for the “profoundly transformational experience for all humankind”. The signal was successfully decoded after taking just 16 minutes to travel through space and be picked up by telescopes on Earth. Sign up to our free Indy100 weekly newsletter It all took place as part of the A Sign in Space project led by Daniela dePaulis, who said during the live-streamed event: “It was very real. This is not the first time we have received a signal from TGO [ExoMars Trace Gas Orbiter], but this one is a real message.” The signal had to be decoded, as it couldn’t be heard on Earth without being altered. Victoria Catlett is the GBO software engineer and she explained: “A radio signal is not inherently sound, but a light wave. “When we receive it with something like a car radio, that light wave gets translated into the up and down movement in the speaker - and that is what you hear.” Of course, there’s no evidence that aliens exist at this point, but it’s good to know that we’re prepared. It comes after it was revealed that aliens could be mapping out the planet via the signals mobiles are emitting. It’s all to do with the radio transmission towers which are key to millions of people communicating around the world. These towers are constantly pumping out microwave signals as we call and message one another, and they’re found across a huge area of the Earth’s surface. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

INT. CABIN - NIGHT JESS settles into a cozy, secluded Airbnb. He’s hoping for a

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