Online Gaming rules: Industry says it is a progressive step to position India as a global hub – The HinduBusinessLine

Clipped from: https://www.thehindubusinessline.com/news/online-gaming-rules-industry-says-it-is-a-progressive-step-to-position-india-as-a-global-hub/article70897095.ece The industry believed this will drive long-term investment, innovation and global competitiveness for Indian video gaming companies The Indian online gaming industry has

Form 156 rule triggers compliance concerns as e filing utility remains unavailable; here’s what it means – BusinessToday

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/form-156-rule-triggers-compliance-concerns-as-e-filing-utility-remains-unavailable-heres-what-it-means-527063-2026-04-23 A new mandatory pre-departure tax filing requirement has triggered confusion as the Form 156 utility remains unavailable on the Income Tax portal. Experts

Frankly I did not know [1] A large and rapidly growing -share of rupee trading happens off shore [2] Major Offshore Centres are Singapore and London [3] Both are beyond RBI’s regulatory reach [4] Singapore alone accounts for $57.6 billion in daily rupee trading whereas London handles about $59.9 billion compared to onshore trading volumes of $70 billion or so [5] In short off-shore trading volumes are substantially higher than on-shore volumes [6] All this means RBI cannot prevent bets agaisnt the rupee by acting only on domestic participants — [7] Other information in the article worth a read– Courtesy BL

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