24th July 2023: CarTrade Tech’s CarWale abSure, the tailor-made platform that delivers world-class online-offline shopping experience for used car buyers and sellers, is hosting ‘Mega Used Car Mela’ on the 22nd and 23rd of July, 2023. This two-day extravaganza will be held at the iconic Garnet Galaxy in Vadodara, Gujarat.

The CarWale abSure Used Car Mela will promise an unparalleled automotive experience, featuring an impressive collection of meticulously curated certified pre-owned cars. Enthusiastic attendees will have the opportunity to explore a wide range of vehicles from renowned brands such as Maruti, Tata, Hyundai, Toyota, Honda, Skoda, Mahindra, Mercedes, and many more. One of the major highlights of the Mega Used Car Mela will be the exclusive ‘Spot Finance’ option with no processing fees, providing a hassle-free way for buyers to drive home their dream cars.

As a testament to the ever-increasing popularity of the used car market, CarWale has witnessed an outstanding surge in web traffic for used cars in Vadodara over the past years. There was a remarkable 40% increase in visitor traffic witnessed on the platform from April 2021 to March 2022 as compared to the same period, the previous year. Furthermore, in the period from April 2022 to March 2023, web traffic reflected a 13% increase in one year and an astonishing 60% increase in two years. This growth demonstrates the trust and confidence car buyers place in CarWale when it comes to finding their perfect pre-owned vehicles.

Mr. Inderpal Anand, CEO, Garnet Galaxy, expressed his excitement about the event, stating, “In the current market scenario, there is a long booking queue in all segments of cars at Garnet Galaxy, backed by CarWale. We not only provide ready-to-drive certified pre-owned cars of all segments but are also committed to provide after-sales services as one of the most efficient 3S facilities in Vadodara. During these two days of the used car mela, customers will have the widest choice of pre-owned cars according to their budgets, along with a commitment to quality assurance.”

Additionally, commenting on the event Mr Abhishek Patodia, President – Used Cars, CarTrade Tech Ltd. said, “The Used Car Mela is more than just a sale; it will have an opportunity for customers to explore a wide range of high-quality pre-owned cars while enjoying exclusive offers and seamless financing options, enabling them to make well-informed decisions while receiving unparalleled after-sales support. We at CarWale have observed that Vadodara has seen a tremendous rise in demand for used cars from 2020 onwards, reflecting a 60% increase in the last two years. Our commitment to provide customers with the best car buying experience is unwavering, and this event will be a testament to that commitment.”

24th July 2023: News18 Gujarati recently organized Shaurya Sanman to honor and salute the bravery of the police force in the state on July 14, 2023, in Morbi, Gujarat. With this event, New18 aims to recognize and acknowledge the remarkable courage displayed by Gujarat’s police force for their heroic efforts in ensuring the safety and security of the citizens.

The event was graced by the esteemed presence of Shri Harsh Sanghavi, the State Home Minister, who attended as the chief guest. Shri Harsh Sanghavi presented awards to 60 exceptional policemen and women, hailing from various cities within the Rajkot division. These brave individuals were recognized across nine distinct categories – Best Bravery & Humanitarian Work, Best Prevention & Detection, Best Community Policing, Best “SHE TEAM” Work, Best of S.O.G., Best of L.C.B., Best of Technology and Cyber Crime, Best of S.H.O. and Best N.D.P.S cases.

Shri. Harsh Sanghavi expressed his gratitude to News18 Gujarati for organizing this event and providing a platform for celebrating the valor of the police force. The awardees were chosen from different cities, including Morbi, Jamnagar, Devbhumi Dwarka, Rajkot Rural, and Surendranagar, showcasing the exceptional commitment and dedication of Gujarat’s police personnel across the region.

New Delhi, 24th July 2023 – Combination, India’s first and only combo-deal retail platform, has unveiled a bold and exciting expansion strategy. The company is set to open 100 new stores by the end of this financial year, marking a significant milestone in its growth journey. Furthermore, Combination aims to establish an impressive network of 1000 stores within the next three years, reflecting its commitment to meeting consumer demands and becoming a dominant player in the market.

Combinations combination stores have revolutionized the retail landscape, offering a diverse range of products and services under one roof. Customers have come to appreciate the convenience and time-saving advantages of finding multiple offerings within a single shopping destination.

“Combonation’s success lies in our commitment to customer satisfaction and innovation,” said Mrs. Pooja Sodhi, the Co-Founder & CEO at Combonation “In the last six months, we have grown 10% on a month-on-month basis. As we embark on this ambitious expansion plan, we remain dedicated to delivering unparalleled shopping experiences and meeting the evolving needs of our customers.”

The expansion initiative is driven by the company’s thriving performance and strong market demand for the combination concept. The upcoming store openings will focus on strategic locations across Metro Cities and tier 2 cities, ensuring widespread accessibility and convenience for consumers.

Combonation’s unique retail model integrates a wide variety of product categories, including home, fashion, home decor, beauty, baby care, and more. Moreover, the stores will offer additional services like personalized shopping assistance, and recreational zones for families, elevating the overall shopping experience.

“Our vision is to create a one-stop destination that caters to all aspects of our customers’ lives,” emphasized Mrs. Sodhi “By expanding our footprint, we aim to empower communities, create job opportunities, and make a positive impact on the local economy.”

Combonation’s expansion plan aligns with its dedication to sustainable practices and social responsibility. The company is committed to adopting eco-friendly measures, optimizing supply chain efficiency, and supporting local artisans and manufacturers.

As Combination embarks on this exciting growth journey, it invites potential franchisees, investors, and partners to join forces in bringing this innovative retail experience to more communities worldwide.

Combination is a pioneering retail brand that redefines shopping convenience with its unique combination stores. Offering an extensive range of products and services under one roof, Combination delivers unmatched shopping experiences to its customers. Founded on principles of customer satisfaction, innovation, and social responsibility, Combination aims to become a global leader in the retail industry.

New Delhi, 24th July 2023:Servotech Power Systems Ltd. (NSE: SERVOTECH), a leading manufacturer of Solar, Electric Vehicle (EV) chargers, Power-backup and other smart power solutions, presented its quarterly financial results for the quarter ended June 30, 2023 at its Board of Directors meeting on July21, 2023.

Total Revenue witnessed stellar growth of 148.9%in Q1 FY24to Rs. 79.8Crsfrom Rs. 32.1Crs in Q1 FY23 on YoY basis respectively.This impressive increase can be attributed to the strong demand for our EV products, driven by the widespread adoption of electric vehicles and the government’s continued emphasis on establishing a robust charging infrastructure network. Additionally, our solar product range continued to exhibit healthy demand due to its functional design, durability, and user-friendly features.EBITDA increased by 415.3% from ₹1.4Crs in Q1 FY23 to ₹7.1Crs in Q1 FY24, margins improved from 4.3% in Q1 FY23 to 8.9% in Q1 FY24 on account of increasing scale of operations and higher value products. Net PAT stood at ₹4.1Crs in Q1 FY24, compared to ₹0.4 Crs in Q1 FY23, margins improved from 1.1% in Q1 FY23 to 5.1% in Q1 FY24

Commenting upon the results, Servotech Power Systems Ltd. Managing Director Raman Bhatia stated, “We experienced remarkable expansion, primarily driven by the introduction of cutting-edge technology-driven solutions in the electric vehicle (EV) and solar sectors. We are delighted to announce that we maintain a strong position as a key player in the sustainable energy industry, boasting ~25% market share in the EV charging solutions segment. Moreover, our solar solutions, known for their easy installation, cost-effectiveness, and dependability, have gained significant momentum in the market, largely due to the enthusiastic adoption by our targeted customer base.
We are immensely proud of our role in advancing the EV Charging Infrastructure and Solar industry, and our dedication to continuous innovation and enhancement.

Further, in order to remain ahead of the competition, we implemented SAP S/4HANA in the record-breaking time of two and a half months. This achievement is a testimony to our dedication to drive digital innovation.

We steadfastly uphold our vision of delivering customer-centric solutions in the realm of sustainable, clean and green energy. To accomplish this, we have expanded our product portfolio and streamlined our processes for greater efficiency. As we venture into the future, we acknowledge the substantial potential within the markets we serve and find ourselves in an advantageous position to seize growth opportunities, as evidenced by our strong order pipeline.”

In a bid to stay true to its unyielding promise of delivering an immersive and unforgettable experience for its esteemed guests, LOYA—the latest addition to The Indian Hotels Company’s (IHCL) exquisite restaurant portfolio, situated at The Taj Palace, New Delhi—extended a warm and exclusive invitation to “QISSA: A répertoire of stories from the heart of the north and an enchanting event that was curated to take patrons on an immersive journey through the diverse traditions of art and culture.

The highlight of this event was a conversation between the renowned filmmaker, painter, and designer, Mr. Muzaffar Ali, and branding expert rt Ms. Ambreen Khan, held over a carefully curated high tea menu that took the patrons on a journey through the heart of the north.

Renowned visionary artist Mr. Muzaffar Ali, acclaimed for his iconic film ‘Umrao Jaan’ and socially relevant award-winning works, joined as an esteemed guest for the extraordinary ‘QISSA: A répertoire of stories from the heart of the north.’ His accolades, including the Yash Bharti Award, Padma Shri, and Rajiv Gandhi Rashtriya Sadbhavana Award, attest to his profound impact on art and culture. Founder of the Rumi Foundation, organising Sufi festivals and promoting crafts, Mr. Ali’s dedication enriched the event.

Adding allure, the host Ms. Ambreen Khan, a marketing and brand expert with two decades of experience, graced the evening with her profound understanding of diverse cultures. Her associations with prestigious organisations like the IHCL group resonated with her passion for societal impact, enriching the event.

‘QISSA’ was held on Friday, 21st July 2023, 4:30 p.m. to 6:30 p.m. at LOYA, Taj Palace, New Delhi—a culinary haven celebrating India’s heritage with a fusion of flavours and architectural splendour. The exclusive event united art, culture, and gastronomy, creating an unforgettable experience. The captivating conversation centred around the core essence of the North, exploring themes of Harmony, Experimentation, Authenticity, Reverence, and The Spirit that converge to define the HEART of the region.

The Board of Directors of RBL Bank Limited approved the unaudited financial results for the quarter ended 30th June 2023 at its meeting held on Saturday, 22nd July 2023.

Results Summary for Q1FY24

 Strong Operating Performance:

•     Net Profit grew 43% YOY & 6% QOQ to `288 crore
•      ROA of 1.01% vs 1.00% for Q4 FY23
•      Operating profit grew 22% YOY & 9% QOQ to `647 crore
•      Total Revenue grew 18% YOY and 2% QOQ to `1,932 crore
•      Net Interest Income grew 21% YOY and 3% QOQ to `1,246 crore; NIM was 4.84% vs 4.36% for Q1 FY23
•      Other Income grew 12% YOY and 2% QOQ to `685 crore
•      Cost to Income was 66.5% vs 68.5% for Q4 FY23 and 67.8% for Q1 FY23

          CASA and Deposits Growth:

•      CASA grew 12% YOY and 1% QOQ to `31,927 crore. CASA ratio at 37.3% vs. 36.0% as at 30<sup>th</sup> June 2022
•      Total deposits grew 8% YOY and 1% QOQ to `85,636 crore
•     Retail Deposits (as per LCR definition) grew 19% YOY and 3% QOQ to `37,400 crore

          Strong Advances Growth:

•      Net Advances book grew 21% YOY and 4% sequentially to `73,087 crore
•     Retail Advances book grew 34% YOY and 8% sequentially to `40,866 crore
•      Retail disbursement for Q1 FY 24 at `4,100 crore
•      Retail: Wholesale mix at 56:44
•     Housing loans grew 77% YOY; Rural vehicle finance grew 194% YOY
•      Bank has started disbursals of new retail asset products like Gold loan, Working capital/ term loan for MSME, Vehicle loans etc. in current quarter
•      6.3 Lakhs credit cards issued in this quarter; Total cards outstanding at 4.6mn
•     Total customers at 13.65mn vs 11.30mn in Q1 FY23, an increase of 2.35mn

         Well capitalized with sound liquidity:

•     Overall capital adequacy was 16.68% and Common Equity Tier 1 ratio was 15.05%
•      Average Liquidity Coverage Ratio at 129%

          Asset quality:

•     Gross NPA ratio improved to 3.22% vs. 3.37% as at 31^st March 2023 and 4.08% as at 30^th June 2022, improved by 87 bps in a year
•     Net NPA ratio improved to 1.00% vs. 1.10% as at 31^st March 2023 and 1.16% as at 30^th June 2022, improved by 16 bps in a year
•     Provision Coverage Ratio including technical write offs was 85.9% vs 85.0% as at 31^st March 2023
•    Credit cost 39 bps against 29 bps in Q4 FY 23 and 43 bps in in Q1 FY23

          Network

•      As of 31^st March 2023, the Bank has 520 bank branches and 1,115 business correspondent branches, of which 298 are banking outlets. RBL Finserve Limited (“RBL Finserve”), a 100% subsidiary of the Bank, accounts for 795 business correspondent branches

Key Financials:

 Key ratios:

 Commenting on the performance, Mr. R Subramaniakumar, MD&CEO, RBL Bank said “We have started FY24 with strong operating performance on all parameters. The advanced growth was healthy with strong disbursals continuing in the retail segment. We have further improved on our granular deposits, in line with our laid-out strategy. Our revenue has grown faster than operating expenses driven by the optimization of a few cost lines. Owing to this, the Bank saw strong growth in Operating Profits and PAT. We are confident

of continuing this healthy performance in upcoming quarters. New initiatives undertaken in last Financial Year on new secured product launches and scale-up of granular retail products have picked up pace. We have also seen traction in cross-sell with existing customers contributing meaningfully now towards advances and deposits. Our asset quality parameters have remained stable. Our healthy capital position provides us with good runway for growth.”

Kolkata, 24th July 2023: The West Bengal Garment Manufacturers and Dealers Association’s 54th Garment Buyers & Sellers Meet 2023, organized spread over three days (20th, 21st & 22nd July 2023) held at Biswa Bangla Mela Prangan, Kolkata. At this landmark event, over 700 local and national brands participated. This Exhibition is the oldest one in this region and has been very successful once again like always. The Meet here registered 2000+ visitors from all around the country and abroad and had an approximate Rs. 700 Crore business transaction at the wholesale deals. The visitors have shown appreciation for the decor and ambiance and the hospitality offered by the Association.

On this occasion, Sri. Hari Kishan Rathi, President of West Bengal Garment Manufacturers & Dealers Association stated, “This industry already has one of the biggest workforces (over 50 lac employees employed in direct or indirect capacity). This Meet has proven itself time and again to boost the Readymade Garment Industry in Bengal. We highly appreciate the efforts of the government for the textile industry and the ready-made garments to promote clothing business and marketing.” Mr. Rathi also expressed his gratitude and appreciation to the team of Executive Committee, The Sponsors and the participants who have made this event a grand success. He also thanked the Pragati Maidan PS and WBIDC for their support and cooperation.”

The other Key Committee members who were present at West Bengal Garment Manufacturers & Dealers Association were: Sri Vijay Kariwala, Sr. Vice President; Sri Pradeep Murarka, Vice President; Sri Devendra Baid, Hony. Secretary; Sri Kanhiyalal Lakhotia, Treasurer; Sri Prem Kumar Sinhal, Jt. Treasurer; Sri Amarchand Jain, Sri Tarun Kumar Jhajharia, Sri Ashish Jhawar, Sri Manish Rathi, Sri Kamlesh Kedia, Sri Manish Agarwal, Sri Kishore Kumar Gulgulia, Sri Vikram Singh Baid, Sri Sourav Chandak, Sri Vijay Agarwal, Sri Manish Jain, Sri Saket Kumar Khandelwal, Sri Ajay Sultania, Sri Rajiv Kedia, Sri Sandip Raja, Sri Brij Mohan Mundhra, Sri Bhuwan Arora, Sri Mohit Dugar- Executive Committee Members along with Sri Hari Prasad Sharma and Sri Chand Mal Ladha, Former Presidents.

Hyderabad, 24th July 2023…FLO’s signature event, Styletatva, Edition 3, the Bahubali of all Fashion and Lifestyle Exhibitions kicked off today in the city at Hitex. It is a two-day exhibition. It is open from 10 am to 8 pm.

The show is used as an opportunity to talk and voice out for Telia Rumals, a dying craft form. It may not be out of place to remind here that FLO has adopted this craft this year. Be it Heritage Benarsis, Intricate Batiks, Rare Patolas , Classic Korvai Kanchis, Glittering Gadwals, Artisanal Chikankari, Elegant Kalamkaris Style Tatva has all. Ritu Saha, Chairperson of FLO said.

Mayor of Hyderabad, Smt. Vijayalakshmi Gadwal was inaugurated by lighting the lamp and cutting the ribbon. Smt Sudha Shivkumar, FLO National President; Smt. Shikha Goel and Addl DGP too joined in the inauguration.

Speaking on the occasion Mayor Vijayalakshmi said it is a big event, an event with differences that focuses on green initiatives. The welfare of people and the planet is more important now than anything else. I appreciate the team-style tattva led by Ritu Shah for sustainable initiatives. I have a close association with FLO and I saw them championing many causes. This is being organized for empowering women and women-owned businesses. FLO, which is hosting this show with the theme of sustainability, has displayed the theme very well. It has also given place to weavers showing their commitment.

Smt Sudha Shivkumar said that it was an impressive show as its theme is sustainability, the need of the hour. FLO, which is part of G-20 offers two platforms. One is mentorship for women and two is tech equity.

Speaking on the occasion Smt Shikha Goel said lifestyle and fashion events are common in metros. But what makes Style Tatva different is its leadership and thought. The theme is apt. Sustainability is now not just a buzzword but a survival mantra. Now we are experiencing global warming, erratic climate, and sudden floods. Because of global warming, the world temperature has gone up by 1.2 degrees. Today the world needs sustainable fashion that consumes less water and energy. She asked all the fashion designers to work on making sustainable fashion affordable., which is currently not.

Ritu Shah, FLO Hyderabad Chairperson said the show is a four-month hard work. We have a special initiatives pavilion, Telia Rumal, a unique Textile craft. It is a forgotten handloom tradition. We are working on extending support to them. The challenges and concerns of Telia Rumal weavers were taken to the Government of Telangana. The Government granted rupees thirty lahks for a project to enhance the income of weavers of the region, she said.

A special pavilion is created to generate visibility and highlight Telia Rumal, a historical craft. The weave is said to have been patronized once by the Hyderabad aristocracies. It originates from Telangana and is characterized by its intricate designs and the use of natural dyes, particularly the process of oil-based resist dyeing. The craft has historical significance and is deeply rooted in the cultural heritage of Telangana.

This year FLO Hyderabad is making all-out efforts to bring back this traditional craft, which had seen a decline in recent years. We have been working closely with the weavers of Puttapaka village providing skill development programs, design interventions, and creating avenues for collaborations with mainstream designers. The aim is to preserve the traditional techniques, revitalize the knowledge and skills associated with Telia Rumal, and ensure the sustainability of the craft. We are setting up a loom to provide a unique and immersive experience for visitors to appreciate the artistry and craftsmanship involved in weaving, and to gain a deeper understanding of the cultural and technological aspects of this ancient craft.

Mr. Bhaskar, Sarpanch of Puttapaka village which is the centre for Telia Rumal craft said Puttapaka and Koyyalgudem two villages are involved in the craft. Together they produce Telia Rumal Fabric worth Rs 5 crore a month. But, they don’t have buyers. What they need is marketing help, design intervention, online promotion and financial support from the government in terms of interest-free loans. Nearly 1000 families depend on this dying craft he said.

Style Tatva Edition 3 is a fashion and lifestyle show. Entry to the show is through a nominal fee of Rs 100/-. It is spread over 45000 sft, it has 240 stalls. The organizers are expecting a footfall of 10,000 to 12,000 in the two days put together. It is nearly a 100% plastic-free exhibition. Flexes were shunned and only cloth banners were used.

Exhibitor badges(paper), lanyards (cotton—cotton ribbon and handmade paper), water bottles(reusable), shopping bags(cotton—reusable canvas bags), invitations(handmade paper), entry tickets(compostable paper with eco-friendly ink) all used in the exhibition are made from sustainable material.

The pencils and pens were made with banana fibre by mentally challenged adults all. Small changes can make a huge difference. For instance, if you laid all the plastic pens thrown away someday, they would wrap the earth. Plastic pens can take anywhere from 20 to 500 years to decompose, depending on the material and structure, said Ritu Shah.

It is nearly a 100% Plastic Free Exhibition. Visitors are given away saplings. Over 5000 saplings are to be given away, shared Ritu Shah

We have also allocated stall spaces in the pavilion for FLO-promoted entrepreneurs and grassroots women-led businesses. Further details on stalls and promotions will be elaborated by co-convenor Ritu Agarwal.

By Dr. Pavan Yadav, Lead Consultant – Interventional Pulmonology & Lung Transplantation, Aster RV Hospital

Bronchial asthma is a chronic respiratory condition characterized by inflammation and narrowing of the airways, leading to recurring episodes of wheezing, coughing, shortness of breath, and chest tightness.

Causes bronchial asthma

The exact cause of bronchial asthma is not fully understood, but it is believed to be a combination of genetic and environmental factors. Common triggers include allergens (pollen, dust mites, pet dander), respiratory infections, exercise, cold air, air pollutants, and certain medications.

Diagnosis

A diagnosis of bronchial asthma is made based on a combination of clinical history, physical examination, and lung function tests. These may include spirometry, which measures lung function, and bronchoprovocation tests to assess airway hyper-responsiveness. Allergy testing may also be performed to identify specific triggers.

Common symptoms

Common symptoms of bronchial asthma include wheezing (a whistling sound when breathing), coughing (especially at night or early morning), shortness of breath, and chest tightness. These symptoms may vary in intensity and frequency among individuals.

Cure

Bronchial asthma is a chronic condition that currently has no cure. However, with proper management and treatment, most people with asthma can lead normal, active lives with minimal symptoms. The goal of treatment is to control symptoms, prevent exacerbations, and improve quality of life.

Treatment

The treatment of bronchial asthma involves a combination of medications and lifestyle modifications. Medications include short-acting and long-acting bronchodilators to relieve symptoms and reduce airway inflammation. Inhaled corticosteroids are commonly prescribed to reduce inflammation in the airways. In severe cases, oral corticosteroids may be necessary. Avoiding triggers, such as allergens and irritants, and maintaining a healthy lifestyle are also important.

Preventive measures

While bronchial asthma cannot be completely prevented, certain measures can help reduce the risk of developing asthma or prevent asthma attacks. These include avoiding exposure to allergens and irritants, practicing good respiratory hygiene, getting vaccinated against respiratory infections, maintaining a healthy weight, and following a balanced diet.

Bronchial asthma can occur at any age. It is more commonly diagnosed in childhood, but it can also develop in adulthood. In some cases, asthma symptoms may improve or disappear during adolescence, only to reappear later in life.

While bronchial asthma can be a serious and potentially life-threatening condition during severe asthma attacks, most asthma cases are well-managed with appropriate treatment and do not pose a significant threat to life. It is crucial to work with healthcare professionals to develop an asthma action plan and promptly seek medical help during exacerbations.

Bronchial asthma and pregnancy

Yes, with proper management, most women with bronchial asthma can have a healthy pregnancy. It is important for pregnant women with asthma to work closely with their healthcare providers to adjust their medications and develop an asthma management plan that is safe for both the mother and the baby. Poorly controlled asthma during pregnancy can have adverse effects on both the mother and the baby

Gurugram, 21st, July 2023– Amid, Indian gaming companies and associations have requested the government to review its recent decision on GST, Poker Magnet, an online poker platform, is challenging the recently imposed 28% Goods and Services Tax (GST) on online gaming in India.

The imposition of a 28% GST on online gaming sends a discouraging message to the industry, stifling its growth and innovation. As a result, the gaming community, which consists of millions of passionate gamers, developers, and content creators, faces significant challenges in continuing to provide engaging experiences and contribute to the cultural and economic fabric of our nation.
The gaming industry has witnessed exponential growth in recent years, transcending traditional boundaries and becoming an integral part of mainstream entertainment. It has emerged as a dynamic sector, fostering creativity, technological advancements, and economic opportunities. By defying the 28% GST, Poker Magnet seeks to preserve this momentum and nurture an environment that encourages innovation, investment, and job creation.

Furthermore, we are deeply concerned about the impact of this tax on the youth, who form a substantial part of the gaming community. Gaming has proven to be a platform that promotes critical thinking, problem-solving skills, teamwork, and creativity among young individuals. It acts as an outlet for expression and fosters social connections in a digitally connected world.
According to the Internet and Mobile Association of India (IAMAI), the decision to impose 28% GST on “the full face value of the consideration instead of just the platform fee” will harm India’s digital economy and online gaming industry. The Indian online skill gaming sector has an enterprise value of $20 billion and there are at least 30-40 million poker players and up to 300 million card game players online. They further asserted that the sector is projected to experience a compound annual growth rate (CAGR) of 30% to reach $5 billion by 2025.

In recent years, there has been a noticeable shift in the career aspirations of students from top business schools, as an increasing number are gravitating towards poker as a viable and enticing career option. This growing trend is not merely a fluke but a reflection of the unique allure, intellectual challenge, and potential for success that poker offers.

One key factor contributing to the attraction of poker as a career is the level playing field it offers. In the realm of poker, academic qualifications, pedigree, and social background take a backseat to raw talent, dedication, and the ability to read and outwit opponents. It provides a meritocratic environment where anyone with the necessary skills and mindset can thrive and succeed, irrespective of their background or connections.

Another driving force behind this career shift is the potential for financial success that poker offers. For those with a strong understanding of probabilities, the ability to analyze situations, and a disciplined approach to bankroll management, poker can offer a pathway to financial freedom and independence.

By burdening online gaming with a hefty 28% GST, we risk limiting the accessibility of these empowering experiences to the youth, many of whom may not be able to afford the increased costs. This not only hampers their personal growth but also inhibits the potential for nurturing the next generation of skilled professionals in the gaming industry.

According to Mr. Rahul Bhatia, Founder Poker Magnet and Poker Enthusiast, the imposition of a 28 percent GST on online gaming is a misguided decision that threatens to hinder the growth of an industry that has become a beacon of creativity, innovation, and opportunity. Gaming, in all its forms, has transcended from mere entertainment to a platform that nurtures critical skills and ignites the passions of millions worldwide. By defying this regressive tax measure, we stand united in our commitment to protecting the future of gaming and preserving the dreams of the youth who find solace, inspiration, and purpose within this dynamic and evolving landscape. It is imperative that we champion the recognition of gaming as an industry driven by skill, ingenuity, and dedication, rather than undermining its potential through burdensome taxation. Together, we must foster an environment that fosters responsible gaming practices, encourages creativity, and supports the aspirations of those who dare to envision a brighter future through gaming.

We strongly urge the relevant authorities to reconsider this decision and collaborate with industry stakeholders to develop a more balanced and inclusive taxation structure. We propose constructive dialogues and comprehensive studies to accurately assess the impact of taxation on the gaming industry, taking into account its potential for job creation, revenue generation, and youth development.

About Poker Magnet:

Established in 2016, Poker Magnet is a new-age digital gaming company that aims to transform the online poker industry in India. As a team of passionate poker enthusiasts, we are dedicated to bringing the thrilling world of poker to players everywhere. Our mission is to create an exceptional poker app that encompasses cutting-edge technology, immersive gameplay, and a vibrant poker community.
At Poker Magnet, we uphold the values of integrity, fairness, and innovation. We prioritize maintaining the highest standards of security and player protection, ensuring that your gaming experience is both exhilarating and safe. Our platform is designed with a seamless and user-friendly interface, making it accessible for players of all skill levels to enjoy the game.

Beyond the gameplay, we take immense pride in fostering a vibrant and inclusive poker community. We firmly believe that poker is more than just a game of cards; it’s a social experience that brings people together. Join our community today, and immerse yourself in the camaraderie and excitement that poker offers.