Government may soon legalise put and call options with prospective effect, sources have told CNBC-TV18's Aakansha Sethi. The decision was taken as the government felt that a retrospective effect would have weakened its case against Hindustan Zinc and Balco.
The Obama administration cleared the way for US states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.