New Delhi: Federation of Indian Chambers of Commerce and Industries (FICCI) has called for legalising sports betting in the country. FCCI, in a statement, said, "Despite several attempts to ban it, betting is continuing albeit in an underground way and substantial resources have been invested into enforcing such a ban."
"...middle way out is it should be regulated in a way which reduces this to an acceptable level. Hence, the government should think of legalising and regulating betting," it added. FICCI said India is losing billions of dollars in taxable revenue (an estimated Rs 12-20,000 crore annually) through black marketing operations in sports betting.
"According to FICCI, the greatest advantage of regulating sports betting is going to be the accountability for the large amounts of money transferred through illegal channels and reduction in cases of match fixing, money laundering and crimes," it said. "If gaming and betting is regulated in India, it will benefit exchequer and could potentially fund sports development, social protection or welfare schemes and infrastructure development plans."
FICCI said it has already explained to the government, the benefits of legalising betting. "FICCI has highlighted how blanket ban on sports betting has been impossible to be sustained without a proper regulation. In fact, this representation also highlighted the number of international examples of different countries who have benefitted from regulating the betting."...
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02:51 PM, May 24, 2013
Kolkata: With the Mamata Banerjee government in West Bengal coming up with a draft textile policy to attract investment to revive the sector, leading industry lobbies have expressed hope that the policy roadmap would help the industry to grow significantly. States like Maharashtra and Gujarat unveiled their new textile policies in 2012 to woo investors. "A policy was necessary. It will surely help Bengal's textile sector grow rapidly. The roadmap...
04:54 AM, May 20, 2013
New Delhi: After hosting Congress leader Rahul Gandhi early in April, CII on Sunday said the chamber is willing to invite Gujarat Chief Minister Narendra Modi for interaction. "We have worked with Modi in the 'Vibrant Gujarat' meet. CII was one of the sponsors. So, we will," CII President Kris Gopalakrishnan said when asked whether the industry body will invite the Gujarat Chief Minister who is seen as the Prime...
02:28 PM, Apr 21, 2013
Twitter was split in the middle in its reaction to Gujarat Chief Minister Narendra Modi's speech on Monday at the annual general meeting of FICCI Ladies Organisation (FLO) on the status of women in India. ...
11:31 PM, Apr 09, 2013
Ahmedabad: Gujarat Chief Minister Narendra Modi, while speaking of empowering women on Monday at the FICCI Ladies Organisation meet, gave an example of Jasuben and her thriving pizza business in the state. "More people in Gujarat prefer eating pizza at Jasuben's outlet rather than Pizza Hut or some other big company," Modi said. Ahmedabadis would not agree more with what Modi said in New Delhi, while giving an example of...
08:11 AM, Apr 09, 2013
New Delhi: Gujarat Chief Minister Narendra Modi was the toast of the day as he took to the stage on Monday, first at an event hosted by the FICCI Ladies Organisation and later, at the Network 18's first Think India Dialogue in the capital. At the former, he wooed women entrepreneurs with talks on the need for their empowerment, education and safety, during the latter, Modi spelt out his definition...
10:14 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday said Ministry of External Affairs' (MEA) performance can be increased by spiting it into two, with one dealing in regional diplomacy and the other in trade. While addressing the first Think India Dialogue of Network 18, Modi also mooted a new model, the P4 model, of including people in various initiatives of the government with the private sector. "It is my...
08:33 PM, Apr 08, 2013
CNN-IBN's national bureau chief Bhupendra Chaubey joined IBNLive readers for an interaction on Modi's address to FICCI Ladies Organisation. Q. Modi did not had any relevant data on his women empowerment schemes. Is this just another political stunt, taking an alternative route of speaking at a national level. Asked by: Gautam A. Modi from now on is totally focussed on hardselling himself as the champion of development. In course of...
03:53 PM, Apr 08, 2013
Gujarat Chief Minister Narendra Modi on Monday reached out to women, saying they are ahead of men today while addressing the FICCI Ladies Organisation in New Delhi. Addressing the FICCI Ladies Organisation, Modi called for the need to integrate and financially empower women to achieve growth and make India a developed country. ...
02:56 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday reached out to women, saying they are ahead of men today while addressing the FICCI Ladies Organisation in New Delhi. Calling for the need to integrate and financially empower women to achieve growth and make India a developed country, Modi said that they constitute 50 per cent of the country's population and India could become a developed nation only if the...
02:38 PM, Apr 08, 2013
New Delhi: They probably don't know it themselves, but men and women from India's economically backward classes have become reference points for political rivals Rahul Gandhi and Narendra Modi for pitching both sides of India's growth model. But on Monday at the annual general meeting of FICCI Ladies Organisation (FLO), Modi found cause to mock Gandhi's speech about the plight of Kalavati (Bandurkar), a farmer's widow from Vidarbha, as he...
02:23 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday took a dig at the Congress while stating that his state needed to see much more economic development. Since assuming office in Gujarat in 2001, he said he had been busy filling up the numerous "pits" left behind by decades of Congress rule in the coastal state. "So far I have only done the work of filling up the pits," he...
01:58 PM, Apr 08, 2013
New Delhi: Twitter was split in the middle in its reaction to Gujarat Chief Minister Narendra Modi's speech on Monday at the annual general meeting of FICCI Ladies Organisation (FLO) on the status of women in India. Soon after Modi began his speech addressing the women present at the venue as his 'beheno' (sisters), the two hash tags, diametrically divided in their praise and mockery of the leader, started trending...
01:30 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi on Monday reached out to the women of the country saying women and mothers are supreme and are held in the highest regard in the country. Addressing the FICCI Ladies Organisation, Modi said, "A mother's place is supreme in our culture and values. We call river Ganga our mother, India is also mother India. A mother's place and a woman's place in our...
12:57 PM, Apr 08, 2013
New Delhi: Gujarat Chief Minister Narendra Modi will address the annual general body meeting of the ladies' wing of industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday. Modi will speak on the topic "Unleash the entrepreneur within; exploring new avenues", a FICCI official said. The Gujarat Chief Minister's appointment with FICCI comes close on the heels of Congress Vice President Rahul Gandhi's address to another...
07:42 AM, Apr 08, 2013
From Zoya Akhtar's role in 'Kamasutra' to Karan Johar's dance act inspired by Jaya Prada, our filmmakers revealed a thing or two about their filmi connection while in conversation with our Entertainment Editor Rajeev Masand at the ongoing FICCI Frames in Mumbai. ...
04:30 PM, Mar 15, 2013
US-based Indian filmmaker Mira Nair doesn't aspire to own a big production company, but she has one little wish: to direct Shimit Amin's next film. ...
11:08 AM, Mar 15, 2013
Actress Kajol feels that no one comes close to her from the current crop of heroines in Bollywood. ...
10:30 AM, Mar 15, 2013
Filmmaker Karan Johar feels Salman Khan's star power goes beyond his films. ...
11:56 AM, Mar 14, 2013
Watching cable and satellite TV may turn expensive with the government proposing to double import duty on set top boxes (STBs) to 10 per cent but domestic manufacturers have welcomed the move. Reacting to Finance Minister P Chidambaram's announcement to hike import duty on STBs from the existing 5 per cent, DTH Operators Association of India President Harit Nagpal said "the increase seems out of place". ...
08:12 PM, Feb 28, 2013
