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http://vipcasinoydikg.recmydream.com Allowing betting or gambling will entail amending the provisions of the Act. But large-scale illegal betting continues regardless, in the process, depriving the State of revenue-earning opportunities. A good option could be to legalise, regulate and tax the resultant income. This might help curb illegal syndicates. Regulation of the sector also makes sense if one considers the extent of illegal gambling in the country. In a report on the subject in 2013, the Federation of Indian Chambers of Commerce and Industry had said there was an informal Rs 300,000 crore annual betting industry in India. Recommending linking the betting amount with the player’s PAN card and Aadhaar card, the law panel has also asked the government to modify the foreign direct investment (FDI) policy to allow FDI in the casino and online gaming industry. Even as India continues to follow an antiquated British-era statute, the UK itself is among the countries that legalised gambling and betting decades ago. Apart from revenue, legalising and regulating the gambling sector could also help generate valuable employment.
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