Connect with us

Feature

Modi on historic visit to Mongolia; offers $1 bn credit

Published

on

Ulan Bator: India and Mongolia on Sunday elevated their 60-year-old diplomatic ties to a strategic partnership as Narendra Modi became the first Indian prime minister to visit the landlocked northeast Asian nation, which has declared India as its “third neighbour and spiritual neighbour”.

The two countries inked 13 agreements, including in the sphere of air services and cyber security.

Modi, who was accorded a ceremonial welcome in the morning and held talks with Mongolian Prime Minister Chimed Saikhanbileg, also visited the Gandan Monastery and presented a sapling of the revered Mahabodhi tree to the head abbot Hamba Lama of the monastery.

More than half the population of Mongolia, which is sandwiched between China and Russia and shares frosty ties with both, follows Buddhism.

Saikhanbileg, in his media statement after the talks at the State Palace, said Mongolia “firmly regards India as our third neighbour and our spiritual neighbour”.

Modi announced a $1 billion line of credit to Mongolia for its infrastructure projects. He said: “Mongolia is an integral part of India’s Act East Policy. The destinies of India and Mongolia are closely linked with the future of Asia Pacific Region.”

Modi thanked Mongolia for its “strong support” for India’s bid for permanent membership of the United Nations Security Council.

A joint statement issued here said India and Mongolia have agreed to offer reciprocal support for their bids for a non-permanent seat in the UNSC for the terms 2021-2022 and 2023-2024 respectively.

The government of India also confirmed its support to Mongolia’s candidacy to the UN Human Rights Council for the term 2016-2018.

“In a reflection of our commitment to further deepen our relationship, we have decided to upgrade our Comprehensive Partnership to ‘Strategic Partnership’. We also agreed to renew our Treaty of Friendly Relations and Cooperation,” he said.

Modi said India and Mongolia can boost cooperation in the field of civil nuclear as Mongolia is rich in uranium and in mineral resources. “I hope that location will not be a constraint on Mongolia’s right to choose its partners.”

In his address at the Mongolian parliament, or Great Hural, which was convened on Sunday as a special gesture in honour for the Indian prime minister, Modi said Mongolia terming India as its spiritual neighbour is a high form of honour.

There are “no bonds more sacred than this. We in India are honoured that you think of us this way”.

On terrorism, the joint statement said both prime ministers “noted that the nature and spread of international terrorism in recent years poses a threat to all humanity and requires global resolve and cooperative measures of the international community without double standards or selectivity”.

Both agreed to direct their officials to work together for the adoption of the Comprehensive Convention on International Terrorism.

The two prime ministers “expressed hope that all safe havens and sanctuaries for terrorists will be wiped out without delay”.

In the field of defence, both sides agreed to continue to work towards further intensifying bilateral defence and security cooperation through exchanges of high and mid-level visits, regular consultations, military personnel exchanges and capacity building among other things.

Among the memoranda of understanding (MoUs) is one for setting up a Cyber Security Training Centre in Mongolia’s defence ministry, as part of which India will train Mongolian personnel in cyber security.

The national security councils of both countries are to hold consultations on traditional and non-traditional security issues, counter-terrorism, intelligence cooperation and exchange.

Both sides also inked an MoU on enhancing cooperation between their border guarding forces in capacity building, exchange of best practices, conduct of joint exercises, technologies for border guarding, surveillance and policing.

Modi later handed over Bhabhatron, a telecobalt machine developed by the Bhabha Atomic Research Centre (BARC) for cancer treatment, at Mongolia’s National Cancer Centre here.

He also laid the foundation stone of the Atal Bihari Vajpayee Centre for Excellence in Information Technology & Communication and Outsourcing.

Modi met Mongolian President Tsakhiagiin Elbegdorj, who gifted him a morin khuur, a traditional two-stringed fiddle.

Modi presented Elbegdorj with a specially commissioned reproduction of a rare 13th century manuscript on the history of Mongols from the Rampur Raza Library, Rampur.

Entertainment

Meghalaya Reserves Legalized Gambling and Sports Betting for Tourists

Published

on

By

PureWin Online Betting

The State Scores Extra High on Gaming-Friendly Industry Index

Meghalaya scored 92.85 out of 100 possible points in a Gaming Industry Index and proved to be India’s most gaming-friendly state following its recent profound legislation changes over the field allowing land-based and online gaming, including games of chance, under a licensing regime.

The index by the UK India Business Council (UKIBC) uses a scale of 0 to 100 to measure the level of legalisation on gambling and betting achieved by a state based on the scores over a set of seven different games – lottery, horse racing, betting on sports, poker, rummy, casino and fantasy sports

Starting from February last year, Meghalaya became the third state in India’s northeast to legalise gambling and betting after Sikkim and Nagaland. After consultations with the UKIBC, the state proceeded with the adoption of the Meghalaya Regulation of Gaming Act, 2021 and the nullification of the Meghalaya Prevention of Gambling Act, 1970. Subsequently in December, the Meghalaya Regulation of Gaming Rules, 2021 were notified and came into force.

All for the Tourists

The move to legalise and license various forms of offline and online betting and gambling in Meghalaya is aimed at boosting tourism and creating jobs, and altogether raising taxation revenues for the northeastern state. At the same time, the opportunities to bet and gamble legally will be reserved only for tourists and visitors.

“We came out with a Gaming Act and subsequently framed the Regulation of Gaming Rules, 2021. The government will accordingly issue licenses to operate games of skill and chance, both online and offline,” said James P. K. Sangma, Meghalaya State Law and Taxation Minister speaking in the capital city of Shillong. “But the legalized gambling and gaming will only be for tourists and not residents of Meghalaya,” he continued.

To be allowed to play, tourists and people visiting the state for work or business purposes will have to prove their non-resident status by presenting appropriate documents, in a process similar to a bank KYC (Know Your Customer) procedure.

Meghalaya Reaches Out to a Vast Market

With 140 millions of people in India estimated to bet regularly on sports, and a total of 370 million desi bettors around prominent sporting events, as per data from one of the latest reports by Esse N Videri, Meghalaya is set to reach out and take a piece of a vast market.

Estimates on the financial value of India’s sports betting market, combined across all types of offline channels and online sports and cricket predictions and betting platforms, speak about amounts between $130 and $150 billion (roughly between ₹9.7 and ₹11.5 lakh crore).

Andhra Pradesh, Telangana and Delhi are shown to deliver the highest number of bettors and Meghalaya can count on substantial tourists flow from their betting circles. The sports betting communities of Karnataka, Maharashtra, Uttar Pradesh and Haryana are also not to be underestimated.

Among the sports, cricket is most popular, registering 68 percent of the total bet count analyzed by Esse N Videri. Football takes second position with 11 percent of the bets, followed by betting on FIFA at 7 percent and on eCricket at 5 percent. The last position in the Top 5 of popular sports for betting in India is taken by tennis with 3 percent of the bet count.

Local Citizens will Still have Their Teer Betting

Meghalaya residents will still be permitted to participate in teer betting over arrow-shooting results. Teer is a traditional method of gambling, somewhat similar to a lottery draw, and held under the rules of the Meghalaya Regulation of the Game of Arrow Shooting and the Sale of Teer Tickets Act, 2018.

Teer includes bettors wagering on the number of arrows that reach the target which is placed about 50 meters away from a team of 20 archers positioned in a semicircle.

The archers shoot volleys of arrows at the target for ten minutes, and players place their bets choosing a number between 0 and 99 trying to guess the last two digits of the number of arrows that successfully pierce the target.

If, for example, the number of hits is 256, anyone who has bet on 56 wins an amount eight times bigger than their wager.

Continue Reading

Trending