Lotter -Modernised to face competition

Posted Date ::02-09-2010 03::09::59

Tags : Finance Minister Thomas Isaac ,Kerala Lottery ,Director Biju Prabhakar ,Finance Minister

Finance Minister Thomas Isaac has said Kerala Lottery schemes would be reformed in October to make them competitive in the changed circumstances.The Finance Minister has asked Lotteries Director Biju Prabhakar to submit the Department's proposal at the earliest. In the wake of the August 30 High Court order, the State lotteries have limited its operations to just one draw a week.

 

Except for Win Win, all other draws such as Periyar, Car Plus, Sun Fun and Kairali have been withdrawn. Henceforth, Win Win will be the only Kerala lottery in circulation.

 

However, the Minister felt a single scheme could make Kerala lottery unattractive. The Lotteries Director then suggested the introduction of a series of new schemes.

 

The highest Win Win prize is `40 lakh and `50lakh worth of gold sovereigns.

 

The Department's plan is to have a new lottery scheme, with varying price structures, for all the 52 weekly draws.

 

The Finance Minister, who had called a highlevel meeting of sales tax and lottery officials, said Bhutan or Sikkim or any other states had not submitted any application for the acceptance of advance tax for their new draws.

 

Though the High Court had directed the State to accept advance tax, Isaac said that the state would seek the advice of the AdvocateGeneral on the issue of raising the tax.

 

Isaac said the state was also trying to evolve legal measures to prevent other state lottery promoters from monopolising the market.

 
- 1 -
  Home  |  About us  |  Disclaimer  |  Terms of Use  |   Advertise with Us  |  Contact Us

Copyright 2010 Media Limited . All right reserved