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The appeal of the racecourse is manifold – encompassing glamour and the lure of the jackpot. But horse-racing has fallen on hard times. “Racing is in a bad way. Attendance has gone down by almost a half since GST of 28 per cent came into effect,” said Adil Gandhy, former chairman of the Amateur Riders’ Club and a senior member of one of the premier sports clubs in the country, the Royal Western India Turf Club (RWITC) in Mumbai. “I hope the tax rate is reduced,” said Gandhy, the son of the late art connoisseur Kekoo Gandhy. “There is illegal betting through bookies. If people can bet legitimately, then it will benefit both racegoers and the government.” Under the existing tax regime, Rs 28 out of every Rs 100 betted goes to the government, driving punters to seek better value elsewhere. Moreover, racing has struggled to attract youngsters, many of whom have migrated to online betting platforms to assuage their impetuous streaks. The … [Read more...] about Low betting taxes, celeb guests: How RWITC aims to attract Mumbai millennials to horse-racing

Is trading worthwhile? This is a question a lot of people ponder about. They do so because trading, somehow, seems a lot more attractive, glamorous, when compared with investing. The latter appears dour, uninteresting, almost drab! Trading connotes impressions of a great deal of action, quick fire decision making, the thrill of earning a great deal of money within a short span of time. Investing on the other hand, speaks of steady returns, to be gathered over the years, with minimal volatility and, hence, no promise of excitement. So, there is this big bunch of new market entrants, who are all starry-eyed about trading and what riches it is going to create for them. Many of these people are not even clear whether they are there in it for the money or for the anticipated thrill of the ride! Then there is the other set – the employed guys. Oh, how they hate their jobs and wish they could quit tomorrow! And what better to do than enter the world of trading: Buying and selling … [Read more...] about How not to become part of the 90% losers’ gang in trading & thrive on their money instead

This is an interesting article on Nalin. Two wealth management companies manage my portfolio presently and I would now like to talk with Nalin also. Can you please send me his contact details?- Y G KumarI am a NRI, currently based in Singapore. Interesting article on Nalin Pascricha, and I'd be keen to get in touch with him and understand more about his trading practice, and how he can help somebody like me. - Manoj AI am a frequent visitor on rediff...On the 11/11 I came across an article on Nalin Pasricha 'Your PC can help you make millions'.. I am an NRI living in Australia and am very much interested in knowing more about his product - Seismo.. and possibly being a client. I would really appreciate it if you could forward me his contact email or a webiste where I could get more info...- Shaun Your PC can help you make millions I would like to get Mr. Nalin's assistance in trading in stocks.  I am right now working in Maldives.  - Theriappan K. Found the … [Read more...] about What rediff readers have to say