legalise betting

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Sir — The law Commission  recommended that gambling and betting on sports, including cricket, be allowed as regulated and taxable activities, which can, in turn, be even a source for attracting foreign direct investment (FDI). If this pragmatic proposal goes through, it could lead to a windfall for the Government. I understand that  the illegal betting market in India is worth  roughly $150 billion. The Commission is convinced that a complete ban had proved “counter-productive” and only helped in “black money generation and circulation”. In addition to revenue generation, a legal and regulated gambling sector will also help in creating large-scale employment opportunities. The NDA Government should persuade State governments to take up this recommendation as it has many benefits.

Daily Pioneer
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