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Gambling In India
Gambling in India varies by state; states in India are entitled to formulate their own laws for gambling activities. Some states like Goa have legalised casinos. Common gambling activities like organized betting are restricted except for selective categories including lottery and horse racing. In the 21st century, more people have started making cash bets upon prohibited betting and gambling activities in India. Critics of gambling claim that it leads to crime, corruption, and money laundering. However, proponents of regulated gambling argue that it can be a huge source of revenue for the state. Casinos in Goa contributed ₹135 crores to the state revenue in 2013. Recently published research revealed that Maharashtra state supplies the most online casino players in the countr13 Casinos now operate in Goa, Daman, India, Daman, and Sikkim. Legality Gambling is a state subject, and only states in India are entitled to formulate laws for gambling activities within their respective ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports. and usage ''Casino'' is of Italian origin; the root means a house. The term ''casino'' may mean a small country villa, summerhouse, or social club. During the 19th century, ''casino'' came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including dancing, gambling, music listening, and sports. Examples in Italy include Villa Farnese and Villa Giulia, and in the US the Newport Casino in Newport, Rhode Island. In modern-day Italian, a is a brothel (also called , literally "closed house"), a mess (confusing situation), or a noisy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sikkim
Sikkim (; ) is a state in Northeastern India. It borders the Tibet Autonomous Region of China in the north and northeast, Bhutan in the east, Province No. 1 of Nepal in the west and West Bengal in the south. Sikkim is also close to the Siliguri Corridor, which borders Bangladesh. Sikkim is the least populous and second smallest among the Indian states. Situated in the Eastern Himalaya, Sikkim is notable for its biodiversity, including alpine and subtropical climates, as well as being a host to Kangchenjunga, the highest peak in India and third highest on Earth. Sikkim's capital and largest city is Gangtok. Almost 35% of the state is covered by Khangchendzonga National Park – a UNESCO World Heritage Site. The Kingdom of Sikkim was founded by the Namgyal dynasty in the 17th century. It was ruled by Buddhist priest-kings known as the Chogyal. It became a princely state of British India in 1890. Following Indian independence, Sikkim continued its protectorate status with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matka Gambling
''Matka'' gambling or ''satta'' is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. It originates from before the era of Indian independence when it was known as ''Ankada Jugar'' ("figures gambling"). In the 1960s, the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as a '' matka'', or dealing with playing cards. Matka gambling is illegal in India. As per the Public Gambling Act, 1867 both betting establishments and satta matka houses were outlawed completely. Whoever is caught playing the game will be punished. History In the original form of the game, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters. In 1961, the New York Cotton Exchange stopped the pract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Management Act
The Foreign Exchange Management Act, 1999 (FEMA), is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India". It was passed on 29 December 1999 in parliament, replacing the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offenses. It extends to the whole of India, replacing FERA, which had become incompatible with the pro-liberalization policies of the Government of India. It enabled a new foreign exchange management regime consistent with the emerging framework of the World Trade Organization (WTO). It also paved the way for the introduction of the Prevention of Money Laundering Act, 2002, which came into effect from 1 July 2005. Description Unlike other laws where ''everything is permitted unless specifically prohibited'', under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matka Gambling
''Matka'' gambling or ''satta'' is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange. It originates from before the era of Indian independence when it was known as ''Ankada Jugar'' ("figures gambling"). In the 1960s, the system was replaced with other ways of generating random numbers, including pulling slips from a large earthenware pot known as a '' matka'', or dealing with playing cards. Matka gambling is illegal in India. As per the Public Gambling Act, 1867 both betting establishments and satta matka houses were outlawed completely. Whoever is caught playing the game will be punished. History In the original form of the game, betting would take place on the opening and closing rates of cotton as transmitted to the Bombay Cotton Exchange from the New York Cotton Exchange, via teleprinters. In 1961, the New York Cotton Exchange stopped the pract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mandovi River
The Mahadayi/Mandovi River (''Mandovi'', pronounced ), also known as Mahadayi or Mhadei river, is described as the lifeline of the Indian state of Goa. The Mandovi and the Zuari are the two primary rivers in the state of Goa. Mandovi joins with the Zuari at a common creek at Cabo Aguada, forming the Mormugao harbour. Panaji, the state capital and Old Goa, the former capital of Goa, are both situated on the left bank of the Mandovi. River course The river has a total length of ; in Karnataka, in Maharashtra and in Goa. It originates from a cluster of 30 springs at Bhimgad in the Western Ghats in the Belagavi district of Karnataka. The river has total 2,032 km2 catchment area of which 1,580 km2, 375 km2 and 77 km2 catchment area are in Goa, Karnataka and Maharashtra respectively. With its cerulean waters, Dudhsagar Falls and Varapoha Falls, it is also known as the Gomati in a few places. The Mandovi enters Goa from the north via the Sattari Taluka a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Information Technology Act 2000
The Information Technology Act, 2000 (also known as ITA-2000, or the IT Act) is an Act of the Indian Parliament (No 21 of 2000) notified on 17 October 2000. It is the primary law in India dealing with cybercrime and electronic commerce. Secondary or subordinate legislation to the IT Act includes the Intermediary Guidelines Rules 2011 and the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. Background The bill was passed in the budget session of 2000 and signed by President K. R. Narayanan on 9 May 2000. The bill was finalised by a group of officials headed by the Minister of Information Technology Pramod Mahajan. Summary The original Act contained 94 sections, divided into 13 chapters and 4 schedules. The laws apply to the whole of India. If a crime involves a computer or network located in India, persons of other nationalities can also be indicted under the law, . The Act provides a legal framework for electronic governance b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of India
The Supreme Court of India ( IAST: ) is the supreme judicial authority of India and is the highest court of the Republic of India under the constitution. It is the most senior constitutional court, has the final decision in all legal matters except for personal laws and interstate river disputes, and also has the power of judicial review. The Chief Justice of India is the Head and Chief Judge of the Supreme Court, which consists of a maximum of 34 judges, and has extensive powers in the form of original, appellate and advisory jurisdictions. New judges here are uniquely nominated by existing judges and other branches of government have neglible say as the court follows collegium system for appointments. As the apex and most powerful constitutional court in India, it takes up appeals primarily against verdicts of the High Courts of various states of the Union and other courts and tribunals. It is required to safeguard the fundamental rights of citizens and settles dispute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daman, India
Daman (; Indo-Portuguese; ''Damao'') is the capital city of the Indian union territory of Dadra and Nagar Haveli and Daman and Diu. It is a municipal council situated in the Daman district of the union territory. Daman Ganga River divides Daman into two parts — Nani-Daman (Nani meaning "small") and Moti-Daman (Moti meaning "big"). Despite its name, Nani-Daman is the larger of the two parts, while the old city is mainly in Moti-Daman. This holds most of the important entities like the major hospitals, supermarkets, and major residential areas. Vapi, Gujarat is the nearest city to Daman. History The Portuguese Captain-Major Diogo de Melo arrived at the Daman shore by chance in 1523 while sailing towards Ormuz. He was caught in a violent storm and had his boat blown towards the coast of Daman. Shortly after, it was acquired as a Portuguese colony for over 400 years. A larger fort was built in Moti Daman in the 16th century to guard against the Mughals, who ruled the area unt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union territories of India by population, second-most populous state in India and the second-most populous country subdivision globally. It was formed on 1 May 1960 by splitting the bilingual Bombay State, which had existed since 1956, into majority Marathi language, Marathi-speaking Maharashtra and Gujarati language, Gujarati-speaking Gujarat. Maharashtra is home to the Marathi people, the predominant ethno-linguistic group, who speak the Marathi language, Marathi language, the official language of the state. The state is divided into 6 Divisions of Maharashtra, divisions and 36 List of districts of Maharashtra, districts, with the state capital being Mumbai, the List of million-plus urban agglomerations in India, most populous urban area in India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
