The Indian economy appeared to be slowing rather than accelerating last month. MeitY is nearing finalization of policies regulating online gaming, potentially mandating age verification mechanisms and his KYC. For more on these, check out our rundown of the morning’s top headlines.
Indian economic activity looks to slow in November as recovery weakens
The Indian economy appeared to slow instead of speeding up last month as high-frequency indicators tracked by Bloomberg showed deterioration in business and consumer activity. read more
50,000 justification notices sent to companies, partnerships after a GST audit
The Goods and Services Tax (GST) Authority has issued nearly 50,000 justification notices to multiple companies and partnerships in various sectors, including real estate and jewelery, following the results of an audit launched earlier this fiscal year. (SCN) issued. read more
Online gaming policies may mandate age restriction mechanisms for real money games
The Ministry of Electronics and Information Technology (MeitY) is nearing finalization of policies to regulate online gaming and will likely mandate age verification mechanisms and Know Your Customer (KYC) standards for all real money games, sources said. says. read more
Elon Musk asks Twitter users to vote on whether he should resign
Elon Musk, who has been criticized for Twitter Inc.’s recent policy change, is asking users to vote on whether he should step down as head of the social media site. read more
CBIC detects INR 620 crore in GST evasion via fake invoices over the last 3 years
Tax authorities have detected Goods and Services Tax (GST) evasion (or fraud) worth Rs 62 crore over the past three years using fake invoices, a senior Central Indirect Customs and Customs Board (CBIC) official said. Stated. read more
