Dear Editor,
Through esteemed columns of your leading newspaper, I would like to draw the attention of the Government and the people on online Gaming Industry. Below mentioned are my views on the subject:-
Online Gaming Industry in Jeopardy
The Supreme Court’s retrospective tax ruling has plunged India’s booming online gaming sector into unprecedented turmoil, leaving over 100,000 jobs hanging in limbo. By threatening tax outflows that drastically exceed topline revenues this regulatory turbulence paralyzes compliant domestic operators.Imposing excessive fiscal pressure on an industry built around skill & innovation is counterproductive. Instead of curbing risk these severe measures will inevitably drive users toward unregulated offshore illegal betting platforms draining national revenue. Policymakers must reassess this systemic chokehold. We need a balanced sustainable framework that safeguards consumer protection while fostering economic growth rather than completely dismantling a flourishing digital ecosystem.
VijayKumar H K
[email protected]
Raichur, Karnataka
Environmentalist
