Policy & Regulation Volanews

INDIA Andhra Pradesh Real Money Game

【Exclusive】India Andhra Pradesh Govt Bans Online Gambling However, this new amendment does not cover Fantasy Sports, one of the star performers when it comes to the type of games doing well among Real Money Games in India.

by Anshuman Gandhi

20 hours ago

CHINA US GIANT

Trump Agrees to China's Tiktok Deal with Oracle And Walmart, Allowing App’S U.S. Operations to Continue TikTok said it will maintain and expand its headquarters in the U.S., while bringing 25,000 jobs across the country. Trump had said a new company will likely be incorporated in Texas.

by cnbc

22 hours ago

INDIA POLICY Startups

Indian Parliamentary Committee Report Moots Abolition of LTCG Tax for Startups Investments The committee has also recommended an exemption for income on investments made before March 31, 2024 to encourage fresh investments by venture capital and private equity players.

by techcircle

2020-09-17

CHINA POLICY Financial Holding Companies

China Announces New Rules Regulating Financial Holding Companies The move is aimed at plugging regulatory loopholes and deepening financial reforms amid efforts to maintain market order, reduce risks and enhance support for the real economy, according to a notice released by the State Council.

by ChinaDaily

2020-09-14

INDIA POLICY Chinese App Ban

India Bans 118 Mobile Apps Including PUBG Mobile: Check Full List The official release stated that the Government of India had received multiple complaints regarding misuse of these apps for the purpose of skimming and transferring users’ data to servers outside India.

by financialexpress

2020-09-03

CHINA POLICY Restrictions on Tech Exports

China’s New Restrictions on Tech Exports Could Hit More Than Tiktok China’s new tech export restrictions also cover AI-driven audio synthesis, AI interactive interfaces, as well as voice recognition.

by KrAsia

2020-09-03

INDONESIA POLICY Startups

Indonesian Communication Ministry Introduces Startup Studio Indonesia The program will run for three months with intensive coaching and mentoring every week to make sure the startups participating hit the Key Performance Indicator determined in the beginning.

by e27

2020-08-28

INDIA POLICY Madurai Court

【Exclusive】Madurai Court Bench Requests Govt to Start Regulating Online Gambling The court raised concerns about how these companies do comply with various laws from states as well as the center, but techno-legal requirements of these laws are not being followed.

by Anshuman Gandhi

2020-08-26

SINGAPORE Enterprise Singapore POLICY

Singapore Launches Venture-Building Program, Raises Startup SG Founder Grant to SGD 50,000 ESG has also partnered with several venture builders to provide a three-month venture building program for startups.

by KrAsia

2020-08-21

ISRAEL POLICY Israeli Innovation Authority(IIA)

Israel Innovation Authority Receives A $114 Million Budget Boost The new funds will enable the IIA to extend its application deadline for fast track grants until November 19, 2020.

by CalcalisTech

2020-08-20

CHINA POLICY ESPORTS

Chinese Communist Party Aims to Turn Beijing into An E-Sports Hub, Backed by Subsidy Schemes It involves investing an estimated RMB 10 trillion (USD 1.4 trillion) over six years to 2025 in the domestic economy, supporting the roll-out of everything from 5G mobile networks to artificial intelligence systems.

by KrAsia

2020-08-19

SINGAPORE POLICY FINTECH

Singapore Commits SGD 250 Million to Develop Fintech Sector Furthermore, MAS aims to build a pool of local fintech talent. It will co-fund existing innovation labs for new Singaporean hires.

by KrAsia

2020-08-14

PHILIPPINES TECH GIANT POLICY

Philippines Moves Closer to Taxing Technology Giants The bill, which aims to raise 29 billion pesos ($590 million) to help fund government measures to fight the coronavirus, follows similar plans by other Southeast Asian countries to generate revenues from the most popular digital services.

by DealStreetAsia

2020-07-31

POLICY

Indonesia Imposes 10% VAT on Amazon, Google And Netflix Under the new rules, non-resident foreign firms which sell digital products and services in Indonesia worth at least 600 million rupiah ($41,667) a year.

by DealStreetAsia

2020-07-09

INDIA Chinese App Ban REGULATION

Indians Expected To Take VPN Route To Dodge Chinese App Ban The government's move to ban 59 Chinese apps on Monday is likely to push users towards virtual private networks (VPN) once again.

by Inc42

2020-07-01

INDIA REGULATION MOBILE INTERNET

India Bans 59 China-linked Apps Including TikTok and UC Browser Citing privacy concerns, the Central government today has decided to ban a host of mobile applications in India. The list includes popular social media applications like TikTok.

by DealStreetAsia

2020-06-30

INDIA REGULATION AGRI-TECH

Govt To Introduce Aadhaar-Linked Master Database To Enhance Farm Productivity The government already has the data of 9 Cr farmers who are beneficiaries of the PM-KISAN scheme.

by Inc42

2020-06-30

THAILAND TAX REGULATION

Thailand Approves Draft Bill to Tax Foreign Internet Firms The Thai bill requires non-resident companies or platforms that earn more than $57,434.59 per year from providing digital services in the country to pay a 7% VAT on sales.

by DealStreetAsia

2020-06-19

INDIA The competition commission of India(CCI)

CCI To Probe Reliance Jio-Facebook Deal Over Potential Data Abuse Facebook’s investment in Jio is the largest FDI deal in the technology sector in India

by Inc42

2020-06-19

KENYA TAX REGULATION

Inside Kenya’s Plan to Enforce Taxes on Google, Netflix, Digital services This is in a bid to get revenue from tech firms that are mostly based outside Kenya.

by ventureburn

2020-06-18