QuirkyBurrito
QuirkyBurrito

Why is the Indian government going after startups through suffocating regulations? There is a pattern : crypto -> fintech -> gaming. What is the greater good story in these moves?

23mo ago
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BubblyDonut
BubblyDonut

They’re boomers. Whatever is unknown is scary and needs to be regulated. Very anti-business tbh.

JumpyHamster
JumpyHamster

Lol!! Profiting on gambling is not poor policy. Higher taxes is good for you and me

Gambling should be banned. Not blodd taxed. People's lives get destroyed. Govt should be banning all such apps. But what does govt do? Hamara hafta do

SnoozyDonut
SnoozyDonut

Because it is their job to ensure that the most vulnerable don't screw up their lives

CosmicPanda
CosmicPanda
Unext23mo

By that argument a lot of things should be banned and prohibited.

SnoozyPancake
SnoozyPancake
Lokal23mo

Banning just because it harms people will demonstrate a bad light to potential external investments, limitation through high taxes is the first move before the industry eventually slows down

ZippyLlama
ZippyLlama

Crypto is as good as gambling. Not supported by any fundamentals. Why would govt not go after it to.protect the most vulnerable. For fintechs why would the govt put up with high risk , high leverage and malpractices? Not only govt even Google has come after fintechs now. Also gambling is the main profitable wing of gaming companies in india

SillyQuokka
SillyQuokka

Mandir bnaane ka startup krte hain...that will boom!!

QuirkyBurrito
QuirkyBurrito

https://www.srimandir.com/ be careful what you wish for.

JazzyWaffle
JazzyWaffle

Greater good + government+ regulations is a combo that doesn't exist. Govt is gonna keep increasing taxes. They cut corporate tax rate a few years ago, that shortfall has to be made up somewhere. Making tax an election issue is the way to go.

FluffyTaco
FluffyTaco

Lol. No love for gambling. Let it suffocate

CosmicPanda
CosmicPanda
Unext23mo

Jab tak Ambani aur Adani nahi ayega koi yeh danda nahi kar sakta

FuzzyQuokka
FuzzyQuokka
Amazon23mo

One of the reasons why IT industry grew such gigantic size in India is that poor babus and politicians didn’t understand what information technology is and how to impose rules to generate bribe for themselves. Government will always frame laws and regulations so that politicians and bureaucrats will get enough bribe and authority to safeguard themselves if at all they were caught.

If at all they really want to do good for society there are thousands of evils which are flourishing but they are already generating bribes for them. So they won’t regulate those.

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