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Morgan Stanley predicts NDA gaining Rajya Sabha votes for GST

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Morgan Stanley, GST, NDA, GST bill, Rajya sabhaNew Delhi: The long waiting GST bill that could be passed this year is likely to gain votes that it requires to be passed in the Rajya Sabha this year, according to a report by American investment banker Morgan Stanley.

“The government could gain the votes it needs in 2016 to pass a Goods and Services Tax (GST) bill,” Morgan Stanley said in a research note.

“The key to the bill’s passage is a reduction in the number of upper house (Rajya Sabha) members opposing the bill. That number currently stands at 91 and it needs to fall to 82 for the bill to clear. We forecast that to happen by July 2016,” the report noted.

“Once the bill clears Parliament, getting the bill passed by more than half of the states should not prove challenging, as the BJP and its allies are currently in power in 12 of 29 states, and a few beyond the 12 are supportive of the bill,” it added.

The GST Bill, already passed by the Lok Sabha, is stalled in the Rajya Sabha, where the ruling National Democratic Alliance (NDA) lacks a majority.

Morgan Stanley said the GST Bill will have significant implications on the stock market, while six of the 10 key sectors would benefit from its implementation.

Sectors like consumption, logistics, house building materials, and industrial manufacturing are likely to experience a positive impact with GST.

However, if tobacco products and oil and gas are included in the GST, these could see a negative impact, while the remaining sectors would likely see a neutral impact, the report added.

Earlier this week, union Minister of State for Finance Jayant Sinha said the GST may get passed.

“GST is stuck in the Rajya Sabha, but we are very hopeful that the bankruptcy law will be passed. Even for GST, the numbers (seats) are going to change…so, we are hopeful of GST as well,” he said at an event here organised by the Indian Private Equity and Venture Capital Association.

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Casino Days Reveal Internal Data on Most Popular Smartphones

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CasinoDays India

International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.

Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.

The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.

Desktops and Tablets Lose the Battle vs Mobile

The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.

CasinoDays India

The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.

“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.

Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings

Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.

 

CasinoDays India

Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).

Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.

The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.

Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.

Striking Android Dominance among South Asian Real Money Gaming Communities

The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.

On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.

Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.

“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.

The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.

 

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