Haryana govt order for athletes to deposit 1/3rd share of their earnings sparks a row

Agencies
June 8, 2018

Chandigarh, Jun 8: In an unprecedented move, the Haryana government has directed sportspersons employed with it to deposit one-third of their earnings from commercial and professional commitments to the state sports council, drawing sharp criticism from the athletes.

"One-third of the income earned by the sportsperson from professional sports or commercial endorsements will be deposited with the Haryana State Sports Council. The money shall be used for the development of sports in the State," said the notification issued by Principal Secretary (Sports and Youth Department), Ashok Khemka.

Khemka had hit the headlines during his stint as head of land registration department by alleging irregularities in land deals involving Robert Vadra a few years ago.

"In case the sportsperson is treated on duty with the prior approval of the competent authority while taking part in professional sports or commercial endorsements, the full income earned by the sportsperson on this account will be deposited with the Haryana State Sports Council," said the notification, which is not yet up on the government website.

The athletes employed with the state government such as former hockey captain Sardar Singh and boxer Akhil Kumar, also a national observer for his sport, refused to comment on the matter for the time being. The athletes said they are yet to be officially communicated on the issue.

However, some other Haryana athletes, not employed with the state government, reacted with shock.

"I have not yet seen the notification, I am only coming to know of it through media reports. I can only say that the athletes who compete in Olympic sports are already from very poor families," said double-Olympic medallist Sushil Kumar

"The government should make policies which encourage athletes. I haven't heard of such a policy anywhere else in the world. The athlete should be competing with a free mind, not with stress like this," he added.

Fellow wrestler and Olympic bronze-medallist Yogeshwar Dutt was harsher in his criticism of the move.

"God save us from such officials, who are taking senseless decisions like this. Their contribution to development of sports in Haryana has been zero but I am sure, they will play a big role in the decline of sports in the state," he tweeted.

"Now, athletes will move to other states and these officials will be responsible for this," he added.

The Haryana government had earlier courted controversy when it had decided to reduce the prize money for those Commonwealth Games medal winners from the state who were employed with other departments or states.

The felicitation function planned for the prize money distribution on April 26 had to be eventually cancelled indefinitely when the athletes threatened to boycott it.

Comments

JJ
 - 
Saturday, 9 Jun 2018

Acche din for athletes too...hehehehe

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News Network
February 9,2020

New Delhi, Feb 9: As the outbreak of novel coronavirus has lead to the death of more than 800 Chinese nationals, aviation regulator DGCA on Saturday said that foreigners who went to China on or after January 15 will not be allowed to enter India.

The DGCA, in its circular to airlines on Saturday, reiterated that all visas issued to Chinese nationals before February 5 have been suspended.

However, the Directorate General of Civil Aviation (DGCA) clarified, "These visa restrictions will not apply to aircrew, who may be Chinese nationals or other foreign nationalities coming from China."

"Foreigners who have been to China on or after January 15, 2020, are not allowed to enter India from any air, land or seaport, including Indo-Nepal, Indo-Bhutan, Indo-Bangladesh or Indo-Myanmar land borders," the DGCA said.

Among Indian airlines, IndiGo and Air India have suspended all of their flights between the two countries. SpiceJet continues to fly on Delhi-Hong Kong route.

On February 1 and 2, Air India conducted two special flights to Chinese city of Wuhan, epicentre of the outbreak, evacuating 647 Indians and seven Maldivians.

Till date, three Indians have tested positive for novel coronavirus.

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News Network
August 8,2020

Kozhikode, Aug 8: Minister of State (Mos) for External Affairs V Muraleedharan on Saturday reached Kozhikode where Air India Express flight (IX-1344) crash-landed yesterday. 

He is likely to meet those injured in the crash and their family members.

At least 17 people including two pilots have lost their lives in the incident. However, the four-cabin crew members are safe, said the Air India Express in a statement. 

The injured are admitted to hospitals in Malappuram and Kozhikode, as per the state government officials.

Informing about his visit to Kozhikode, Muraleedharan tweeted: "Taking off to #Calicut by @airindiain
special flight. Hope to visit the crash site at the Calicut Airport and also meet those injured in the crash and their family members."

Muraleedharan on Friday expressed grief after an Air India Express plane carrying 190 passengers including 10 infants skidded while landing at Karipur Airport in Kozhikode.

"Deeply anguished to hear about the mishap in Calicut airport involving the flight from Dubai to Calicut. Was informed that the plane overshot the runway and seemingly nosedived," the Minister tweeted.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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