From Hockey India giving nod to the financial model for the revived Hockey India League to the Indian Film Festival of Melbourne inaugurated, read on to know more about the latest trending news and updates in this August 11 news roundup.

With a plethora of Bollywood stars in attendance, the 14th Indian Film Festival of Melbourne was inaugurated today (Friday). Some of the stars in attendance during the inauguration include Karan Johar, Mrunal Thakur, and Vijay Varma, among others.

The Lok Sabha today approved the 28% GST (Goods and Services Tax) on online games, casinos, and horse racing clubs from October 1. It is noteworthy that this 28% tax will be levied on the full deposit made by players on these platforms.

According to HDFC securities, Nifty has fallen another 0.45% this week, making it the 3rd consecutive week that it has plunged. Pulled down by weak global trends, Nifty had plunged for the second consecutive session on August 11, as well.

The Hockey India Executive Board today approved the financial model for the new-look Hockey India league. The approved model was proposed by the commercial partner of the league and with the nod from Hockey India, a detailed plan to revamp the league will now be prepared.

Roping in technology to boost the Agriculture sector in India, the country's first agriculture data exchange was launched on Friday in Hyderabad. The exchange has been developed as a digital infrastructure open for public use and will ensure that accurate agriculture data is extracted and used well by the industry.

After being caught in a whirlwind of controversy, the Wrestling Federation of India will not have its election now as they have been put on stay by Punjab and Haryana High Court. It is noteworthy that WFI elections were initially scheduled to take place in June 2023.

The overall direct tax collection of the Center continues to rise, reaching ₹6.53 crore till August 10. According to a statement by the Income Tax Department on Friday, the direct tax collection numbers have seen an impressive 15.73% increase in the current financial year.

Stay tuned for more updates from across the country and follow-ups on these stories.