We are collecting authors'profile. As soon as we get, we update it. Please note this is not official profile. The information including photo is collected from web.
| Contact |
| twitter |
| Linkedin |
...Unfortunately, the state government hiked the tax rate from 10 per cent to 20 per cent two years ago.And since then, after six months, the revenue started dipping.We told them that most of our betting revenue is going to Bangalore and Hyderabad.The reason is now everybody can use a phone and wager a bet in Bangalore or Hyderabad, illegally.We have been telling the government to bring down the tax rate to the level of Bangalore, which is 8 per cent now.If this is done, we can get back a lot of revenue.P Vaidyanathan Iyer: How much was it before?You can't compare it strictly.But wagering was Rs 100 crore then.Now it is Rs 80 crores.They may still be making more than they were earlier, but eventually if the graph goes down the exercise is a waste.What we've told them now is that we will guarantee you a level and at that level you let us fix the tax rate.And if there is a difference or a loss, the club will bear the loss.I think it is a fair proposal and has been appreciated by the revenue department. ...Indian Express on Sept. 9, 2013, 3:14 a.m.