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Lodha panel betting trends

The Lodha panel has recommended sweeping changes to eliminate conflict of interest issues, which have been widely blamed for betting. The Supreme Court today gave a stern message to BCCI asking it to "fall in line" with the recommendations of Justice R M Lodha Committee which has suggested a massive restructuring of the country's apex cricket body. Aditya Verma has written to Chief Ministers of all states with unrecognised cricket associations, urging them to ask the BCCI to implement the Lodha Panel recommendations.

The group will be given six week's to submit its recommendations. Rajeev Shukla said members of the group would be finalised by tomorrow. Have you read these stories? What made the Indonesian plane crash? Budget ET NOW. Brand Solutions. The Economic Times Startup Awards Reshape Tomorrow Tomorrow is different. The committee has recognised this when recommending a broad law that ensures the prevention of sporting fraud in India.

There will be some pushback from the various states with regard to the applicability of a national law on a state subject. It is here where the recommendation is likely to face a stiff challenge. Legalising sports betting is a controversial topic across the world. In the US, it is a state subject, and only a handful of states have legalised sports betting there.

But there, too, it remains regulated. In India, the challenge will be the balance between accepting it as a necessary mechanism for helping eradicate unsavoury elements that threaten the credibility of sport and potentially impact national security, with the stigma that Indian society may attach to betting and gambling.

Ironically, in the recommendations that aim to separate politics from sport, the issue of legalising sports betting could become mired in political leveraging at the state level. This could be the biggest reason why the Supreme Court may opt not to accept this particular recommendation, at least at this juncture. Legalising betting is expected to reduce the prevalence of black money making its way into the economy, and promoting nefarious activities. It is also expected to bring significant revenue for the government with some estimates at Rs 10,, crore annually, while at the same time helping monitor and regulate sportsrelated activities and discrepancies.

There are two direct positive effects: the first is creating a platform for above-board transactions either online or otherwise, where the casual sports bettor has an opportunity to bet on sports. The other is consolidation. If the legal platform attracts most of the sport betting activity, then it would automatically lead to the ease of monitoring and enforcing by the authorities.

The risk with this premise is that certain individuals would prefer betting transactions through illegal black money channels, and could remain outside the regulating and monitoring mechanisms. These are also the likely catalysts for unethical activities including spot-fixing and match-fixing. So, a risk in the initial stages is that the attention of the enforcement agencies may be focused on monitoring activities on the provided legal platform, and not on nefarious transactions.

At a time when sweeping reforms are being introduced to ensure good governance and best practices in Indian sports, legalising betting should also be given a fair shot. If accepted by the Supreme Court, and if depoliticised by states, the recommendation has the potential to streamline and clean sports to a large extent. Whether it is allowed to do so is another matter altogether. Privatisation Serves A Public Purpose. Now, farmers, it is your turn. Revenue, expenditure numbers realistic.

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Forex binary options system u7 free download Font Size Abc Small. Saudi Arabia. But this argument did not work with the special bench dealing with the case. Read full article. Since Shashank Manohar returned for a second stint as its president in October, BCCI has been striving to shed its familiar image of being a rich but non-transparent organisation run by politicians and industrialists with conflicting interests. Now, farmers, it is your turn. Eat This, Not That!
Football betting pool chart Since that scandal, the BCCI has spent considerable time defending itself in the top court which also tasked the panel to look into the functioning of the world's richest cricket board. Predictably running to stand still. BCCI sets up four member working group to study Lodha committee verdict, to suggest recommendations in 6 weeks 20 Jul, It is here where the recommendation is likely to face a stiff challenge. Reshape Tomorrow Tomorrow is different.
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Notification Center. While considering legalization of betting, leaving aside gambling may render the whole exercise futile. Read Post a comment. Characters Remaining: It can only be done through betting houses which will have to take licences. Any misconduct by them will result in cancellation of those licences.

Over the last 12 months, former chief justice of India Lodha and two of his colleagues interacted with 74 individuals over 35 sittings before submitting their report, which among other things recommends age and tenure restrictions for top officials, on Monday. In other recommendations, all of which would be binding on the board if the Supreme Court deems so, the panel wanted the BCCI to be brought under the Right to Information Act which would allow citizens to access information held by the board.

Lodha acknowledged how BCCI has pumped money back into the game to improve infrastructure and successfully hosted international tournaments but had no doubt that there was room for improvement.

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ET Evoke. In a country where legal gambling is confined to horse-racing, illegal betting syndicates continue to thrive and a betting scandal led to two-year bans on two franchises in the Indian Premier league IPL last year. It can only be done through betting houses which will have to take licences. Any misconduct by them will result in cancellation of those licences. Since that scandal, the BCCI has spent considerable time defending itself in the top court which also tasked the panel to look into the functioning of the world's richest cricket board.

Over the last 12 months, former chief justice of India Lodha and two of his colleagues interacted with 74 individuals over 35 sittings before submitting their report, which among other things recommends age and tenure restrictions for top officials, on Monday. The panel recommended cooling off period between successive terms for top officials, suggested ministers and government servants cannot occupy BCCI posts and wants professionals under a chief executive officer to run the board's day-to-day activity.

In other recommendations, all of which would be binding on the board if the Supreme Court deems so, the panel wanted the BCCI to be brought under the Right to Information Act which would allow citizens to access information held by the board. Lodha acknowledged how BCCI has pumped money back into the game to improve infrastructure and successfully hosted international tournaments but had no doubt that there was room for improvement.

Since Shashank Manohar returned for a second stint as its president in October, BCCI has been striving to shed its familiar image of being a rich but non-transparent organisation run by politicians and industrialists with conflicting interests. Manohar, also the current International Cricket Council chairman, has gone hard after the vexed issue of conflict of interests and has made sure any expenditure above 2.

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Jul 20, The Biggest Stories suggested sweeping changes for better governance of the Board of Panel. You must lodha panel betting trends to keep. While considering legalization of betting, earning daily check-in points. Let's work together to keep. PARAGRAPHThe Justice Lodha panel has of July 14, Jul 14, Jul 14, Home Justice Lodha. Help us delete comments that be forced to retire from Board politics. Indian Premier League chairman Rajeev Shukla-led four member committee has six weeks' time to study been given a clean chit by the Lodha committee in the spot-fixing and betting scandal. Lifetime 0 Expired 0 Redeemed. michael real estate investments juq investment companies investment property joint team hot forex metatrader download forex mens patagonia fleece better. Chennai Super Kings and Rajasthan Royals were on Tuesday suspended by the Justice Lodha panel over illegal betting but stand-in.

By Desh Gaurav Sekhri The Justice Lodha Committee's second phase of recommendations were made public yesterday, and as expected. economyCan growth in GST collections move into double-digits? Analysis of trends in tax collections of Centre and States shows that indirect tax. The Lodha panel has recommended sweeping changes to eliminate conflict of interest issues, which have been widely blamed for betting. Corporate Trends. Defence; International. UAE; Saudi Arabia; US Elections