Law Commission recommends regulated and taxable gambling, betting on sports
On 5th July 2018, The Law Commission recommended that gambling and betting on sports, including cricket, to be allowed as regulated activities taxable under the direct and indirect tax regimes and used as a source for attracting foreign direct investment (FDI).
Law Commission recommends regulated and taxable gambling, betting on sports;
i. The commission’s report, Legal Framework: Gambling and Sports Betting including Cricket in India has recommended various changes in the law for regulating betting and generating tax revenues from it.
ii. The Parliament might also enact a model law for regulating gambling that would be adopted by the states or Parliament might legislate in exercise of its powers under Articles 249 or 252 of the Constitution.
iii. If legislation is made under Article 252, states other than the consenting states can freely adopt the same.
iv. The commission has also recommended linking Aadhar or PAN card of an individual indulging in betting and gambling. This would make the transaction cashless and regulate illegal activities like money laundering.
v. The commission has also recommended amending the laws regulating forex and India’s FDI policy to allow investments in the casino and online gaming industry.
About Twenty-First Law Commission:
♦ Tenure – 1st September 2015 – 31st August 2018
♦ Chairman – Dr. Justice Balbir Singh Chauhan
Mahendra Singh Dhoni reaches coveted milestone of playing 500 international matches
On 7th July 2018, cricketer Mahendra Singh Dhoni reached the milestone of playing 500 international matches during the second T20 International against England.
Mahendra Singh Dhoni reaches milestone of playing 500 international matches:
i. Mahendra Singh Dhoni has become the 3rd Indian after Sachin Tendulkar (664) and Rahul Dravid (509) to reach this milestone of playing 500 international cricket matches.
ii. This T20 International match against England was Mahendra Singh Dhoni’s 92nd T20 match. He has played 90 Test matches and 318 One Day International matches.
Some important stadiums in India:
♦ Moin-ul-Haq Stadium – Patna, Bihar
♦ Patliputra Sports Complex – Patna, Bihar
♦ Rajendra Stadium – Siwan, Bihar
Kumaoni folk singer Kabutari Devi dies
On 7th July 2018, popular Kumaoni folk singer Kabutari Devi died following a heart attack, at a hospital in Uttarakhand.
Death of Kabutari Devi:
i. Kabutari Devi was 70 years old. Her songs expressed the struggles in the life of Pahari women.
ii. She made her first performance at All India Radio, Lucknow in the 1980s. She has received various awards including from the Ministry of Culture, Government of Uttarakhand.
Some National Parks in Uttarakhand:
♦ Nanda Devi National Park
♦ Rajaji National Park
♦ Valley of Flowers National Park
World Chocolate Day – July 7
On 7th July 2018, World Chocolate Day was celebrated all over the world.
World Chocolate Day:
i. World Chocolate Day is celebrated every year on 7th July 2018. This day is said to be commercially celebrated since 2009.
ii. Cocoa is obtained from the fruit of cocoa trees that are native to Central and South America.
iii. It is said that chocolate was introduced in Europe in 1550. Until then it was known only to the natives of Mexico and parts of central and South America.
iv. World Chocolate Day is celebrated by consuming chocolate and performing other fun activities.
Some lakes in India:
♦ Hebbal Lake – Karnataka
♦ Kempambudhi Lake – Karnataka
♦ Lalbagh Lake – Karnataka
International Day of Cooperatives – 7 July
On 7th July 2018, International Co-operative Day or International Day of Co-operatives was observed throughout the world.
International Day of Cooperatives:
i. The International Day of Cooperatives is celebrated on the first Saturday of July annually.
ii. International Day of Cooperatives was celebrated for the first time in July 1923 by the international cooperative movement and the International Co-operative Alliance.
iii. It was celebrated as the UN International Day of Co-operatives for the first time in 1995.
iv. The aim of this day is to create awareness on cooperatives and promote international solidarity, economic efficiency, equality, and world peace.
v. This day also aims to strengthen and extend partnerships between the international cooperative movement and governments, at local, national and international levels.
vi. The theme for International Day of Cooperatives 2018 is: “sustainable consumption and production of goods and services”. The Slogan is: Sustainable societies through cooperation.
About International Labour Organization (ILO):
♦ Director-General – Guy Ryder
♦ Headquarters – Geneva, Switzerland