Finance Minister Arun Jaitley announced a Rs.50 Crore hike for sports in India when he announced the nation's annual financial budget in Delhi on Monday.
The last working day in February is generally the day when India’s Finance Minister presents the Budget plan for the upcoming year. Mr. Arun Jaitley, who not only happens to be India’s Finance Minister but also a former administrator of the Delhi & Districts Cricket Association (DDCA) was the man under the spotlight today.
Rs 50 crore hike from 2015
The overall budget allocation for Sports increased marginally for the 2016-17 fiscal year. A total of Rs. 1592 Crores were allocated for the Sports Ministry as compared to Rs.1541 in 2015, marginally growing the government's contribution from the previous year’s budget.
Rs 11 crore hike for SAI
Sports Authorities or India’s national training centers received a favourable budget allocation. Rs.381 Crores were allocated which is Rs.11 Crore more from the previous year for the Sports Authorities to organize more Nationwide Sports training camps to spot the right talent.
Rs 6 crore hike for the North East
Continuing with Prime Minister Narendra Modi’s vision to provide holistic development and opportunity to citizens of the North Eastern state the Finance Minister today hiked the funds allocation for Scheme of Benefit for North East by Rs.6 Crore to make it Rs.150 Crore for the year 2016-17.
Funds same for training and anti-doping
Financial assistance to Sporting institutions and Anti- Doping activities remained the same as 2015 with funds being Rs.150 Crore and Rs.12 Crore respectively
This is Olympics year. More Budget was required. I hope they do not cut names at the last moment for lack of SAI Budget. In Olympic year, our Sports Minister and SAI should meet different officials of World Sport Bodies and sort of market/canvass themselves with gifts, delegations so that they become interested in organising various world events in India. That requires money. Previous PMs Manmohan Singh or Vajpayee government used to announce lot of prize money for medal winners. This Modi Government do not give proper prize money for medal winners.
Foreign players pocket major chunk of money in Indian leagues New Delhi, March 2 Out of Rs 823 crore salaries paid by various sports leagues in India, domestic players get only 36 per cent of it despite being majority participants with bulk of earnings going to minority foreign recruits, according to a report. As per Indian Sports Salaries Report 2016, which surveyed various leagues, including IPL, Indian Super League (ISL), Hockey India League (HIL) and International Premier Tennis League (IPTL), among others, Indian players got only Rs 296 core as total salaries. This is in sharp contrast to their numbers in terms of participation with homegrown players accounting for 521 out of total of 857 players. On the other hand, 336 foreign players walked away with a total salary of Rs 527 crore, it said. “The report is based on the data available and the inputs received from various sports agents. It will help in making direct comparison amongst certain key drivers of growth,” said Super Insinght Director & CEO Raman Raheja. Among the eight leagues surveyed were Premier Badminton League, Champions Tennis League, Pro Kabaddi and Pro Wrestling. As per the report, against the common perception cricketers were not the highest earners in these leagues. The title belonged to top global tennis players. “Cricketers are not the highest paid sports person playing in the Indian leagues. Roger Federer and Rafal Nadal are the highest earning players with Rs 26 crore plus each for playing in the International Premier Tennis League (IPTL),” it said. The report is based on analysis of Rs 1,100 crore budget for 857 players in seven sports in eight different leagues. It further added that money earned by Federer alone is more than all the hockey players in Hockey India league put together. Moreover, the combined earnings of Federer and Nadal was higher than total salaries paid to players in Pro Kabaddi League, Indian Wrestling League and Premier Badminton League. “All the players of Hockey League, Badminton League, Wrestling League and Pro Kabaddi League each gets less than Rafal Nadal or Roger Federer alone,” it said. In terms of money earned by a player on the basis of time spent on field, UK-based IPTL player Andy Murray topped the list with a staggering Rs 14.34 lakh per minute. Among domestic players, wrestler Yogeshwar Dutt was the highest paid per minute with Rs 1.65 lakh for every 60 seconds he spent in the arena, and seventh in the overall list. “Top six players are all tennis players earning Rs six lakh per minute or more in the IPTL,” the report said. Among cricketers, Yuvraj Singh is the highest paid on per minute basis at Rs 1.01 lakh, although he stood 17th in the overall index. “Virat Kohli ranks 29th, MS Dhoni ranks 34th and Suresh Raina 48th rank are earning way below Rs 75,000 per minute,” it said, however, adding that cricket still earmarked the highest amount of Rs 420 crore amongst all other sports played in India sports leagues. PTI
Earning per minute is a very atrocious way of calculating worth of a player. Olympic Bronze medalist Karnam Malleswari got crores of rupees after her Bronze Medal in Weightlifting in Olympics. In weightlifting, she do not even spend 1 minute for lifting. Golf players will slug out whole day.
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Finance Minister Arun Jaitley announced a Rs.50 Crore hike for sports in India when he announced the nation's annual financial budget in Delhi on Monday.
The last working day in February is generally the day when India’s Finance Minister presents the Budget plan for the upcoming year. Mr. Arun Jaitley, who not only happens to be India’s Finance Minister but also a former administrator of the Delhi & Districts Cricket Association (DDCA) was the man under the spotlight today.
Rs 50 crore hike from 2015
The overall budget allocation for Sports increased marginally for the 2016-17 fiscal year. A total of Rs. 1592 Crores were allocated for the Sports Ministry as compared to Rs.1541 in 2015, marginally growing the government's contribution from the previous year’s budget.
Rs 11 crore hike for SAI
Sports Authorities or India’s national training centers received a favourable budget allocation. Rs.381 Crores were allocated which is Rs.11 Crore more from the previous year for the Sports Authorities to organize more Nationwide Sports training camps to spot the right talent.
Rs 6 crore hike for the North East
Continuing with Prime Minister Narendra Modi’s vision to provide holistic development and opportunity to citizens of the North Eastern state the Finance Minister today hiked the funds allocation for Scheme of Benefit for North East by Rs.6 Crore to make it Rs.150 Crore for the year 2016-17.
Funds same for training and anti-doping
Financial assistance to Sporting institutions and Anti- Doping activities remained the same as 2015 with funds being Rs.150 Crore and Rs.12 Crore respectively
In Olympic year, our Sports Minister and SAI should meet different officials of World Sport Bodies and sort of market/canvass themselves with gifts, delegations so that they become interested in organising various world events in India. That requires money. Previous PMs Manmohan Singh or Vajpayee government used to announce lot of prize money for medal winners. This Modi Government do not give proper prize money for medal winners.
New Delhi, March 2
Out of Rs 823 crore salaries paid by various sports leagues in India, domestic players get only 36 per cent of it despite being majority participants with bulk of earnings going to minority foreign recruits, according to a report.
As per Indian Sports Salaries Report 2016, which surveyed various leagues, including IPL, Indian Super League (ISL), Hockey India League (HIL) and International Premier Tennis League (IPTL), among others, Indian players got only Rs 296 core as total salaries.
This is in sharp contrast to their numbers in terms of participation with homegrown players accounting for 521 out of total of 857 players.
On the other hand, 336 foreign players walked away with a total salary of Rs 527 crore, it said.
“The report is based on the data available and the inputs received from various sports agents. It will help in making direct comparison amongst certain key drivers of growth,” said Super Insinght Director & CEO Raman Raheja.
Among the eight leagues surveyed were Premier Badminton League, Champions Tennis League, Pro Kabaddi and Pro Wrestling.
As per the report, against the common perception cricketers were not the highest earners in these leagues. The title belonged to top global tennis players.
“Cricketers are not the highest paid sports person playing in the Indian leagues. Roger Federer and Rafal Nadal are the highest earning players with Rs 26 crore plus each for playing in the International Premier Tennis League (IPTL),” it said.
The report is based on analysis of Rs 1,100 crore budget for 857 players in seven sports in eight different leagues.
It further added that money earned by Federer alone is more than all the hockey players in Hockey India league put together.
Moreover, the combined earnings of Federer and Nadal was higher than total salaries paid to players in Pro Kabaddi League, Indian Wrestling League and Premier Badminton League.
“All the players of Hockey League, Badminton League, Wrestling League and Pro Kabaddi League each gets less than Rafal Nadal or Roger Federer alone,” it said.
In terms of money earned by a player on the basis of time spent on field, UK-based IPTL player Andy Murray topped the list with a staggering Rs 14.34 lakh per minute.
Among domestic players, wrestler Yogeshwar Dutt was the highest paid per minute with Rs 1.65 lakh for every 60 seconds he spent in the arena, and seventh in the overall list.
“Top six players are all tennis players earning Rs six lakh per minute or more in the IPTL,” the report said.
Among cricketers, Yuvraj Singh is the highest paid on per minute basis at Rs 1.01 lakh, although he stood 17th in the overall index.
“Virat Kohli ranks 29th, MS Dhoni ranks 34th and Suresh Raina 48th rank are earning way below Rs 75,000 per minute,” it said, however, adding that cricket still earmarked the highest amount of Rs 420 crore amongst all other sports played in India sports leagues.
PTI
but few things which I feel needs to be considered...
1. cannot only consider minutes....need to consider intensity of the game as well... Tennis is way higher than cricket...
2. also.. Wrestling is shorter period of time.. here we need to count number of rounds (opponents )...