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Legalising gambling can help generate jobs, revenue

A  casino in Goa. The law panel has also asked the government to modify the FDI policy and foreign exchange laws to <a href=http://livebettingoop.blogspeak.net consider allowing FDI in the casino and online gaming industry' align='left' /> But deregulation must be carried out while ensuring that the vulnerable sections of society are protected from exploitation editorials Updated: Jul 09, 2018 10:47 IST A casino in Goa. The law panel has also asked the government to modify the FDI policy and foreign exchange laws to consider allowing FDI in the casino and online gaming industry(HT File) Since the enforcement agencies have been unable to curb the spread of illegal gambling in the country, the Law Commission of India has recommended that the government should consider legalising gambling and betting as a regulated activity. In 2016, while examining the Justice RM Lodha panel’s recommendations on legalising betting in sport, triggered by allegations of match-fixing in the Indian Premier League, the http://livebettingeyh.justaboutblogs.com Supreme Court had mandated the commission http://casinobingok3k.electrico.me to examine the subject. The commission’s report, submitted to the government last week, suggests changes in law to regulate gambling and betting. One of the recommendations says that in keeping with the changing times, the State should re-examine the ban on gambling . “With the advent of online gambling and the anonymity it ensures, gambling and betting activities have acquired a global presence. It has, therefore, become more challenging for countries to monitor or curb these activities,” says the report. The observation is not too different from what American economist Gary Becker, a Nobel Laureate, once said: “I favour allowing online gambling, given the weak arguments against it, the common human desire to gamble, and also that addictive aspects of gambling are greatly exaggerated.” In the State of Bombay vs RMD Chamarbaugwalla case in 1957, the Supreme Court had observed that even the legendary Kautilya, celebrated for his strategical acumen, wasn’t averse to the State earning revenue from gambling. For the record, http://jackpotsfv0.nightsgarden.com gambling is illegal in India. India’s gaming laws are governed by the Public Gambling Act, 1867, in which any agreement based on a wager (or chance) is termed as void. Allowing http://livebettinglyf.journalwebdir.com betting or gambling will entail amending the provisions of the Act.

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