Saina Nehwal pays Rs 70 lakh, but no sign of money for which she's been taxed

October 11, 2012
saina_70lakh

Saina Nehwal's association with Deccan Chronicle initially seemed like a cheering story of a non-cricketer sportsperson too bagging plum endorsement deals. Unfortunately for her, the 22-year old has apparently not been paid since the beginning of this year, with those in the know pegging the amount at Rs 3-4 crore. Worse, she has paid advance tax of Rs 70 lakh but is yet to receive the money from DC.

Saina was the brand ambassador of Deccan Chronicle newspaper until she signed a three-year deal with Rhiti Sports in July. DC also managed her endorsement deals.

Saina had endorsed more than half-a-dozen products during her association with DC and the agreement was that the money would be routed to her account through her managers. While she has not received the full amount, the tax authorities served a notice for Rs 70 lakh on her projected annual earnings from her contract with DC.

According to sources, Saina paid the tax on September 30 and has approached DC thrice after that through her agent but her requests have fallen on deaf ears.

"We know they are facing financial problems but at least they should have given us a time frame. The money belongs to Saina and they should have paid her after keeping their share. The Rs 70 lakh she paid as tax was from the cash rewards she received after winning bronze in London," a source close to Saina said.

Saina and her father Harvir Singh Nehwal refused to comment on the issue.



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Agencies
March 26,2020

Karachi, Mar 26: Pakistan's centrally-contracted cricketers will contribute Rs 5 million to the national government's emergency fund to combat the COVID-19 pandemic.

Pakistan Cricket Board Chairman Ehsan Mani on Wednesday said apart from centrally-contracted players contributing Rs 5 million, the employees in the board, up to the senior manager level, will contribute their one day's salary.

Those employed as general managers or on higher posts will give two days' salary to the fund.

"The PCB will collect all these funds and deposit it to the government's coronavirus fund," he said.

Pakistan has recorded more than 1,000 positive cases of the deadly virus, which has claimed more than 19,000 lives all over the world.

"It is the history of the cricket board that we always stand by the government in difficult times," Mani said.

The PCB has already given its high performances centre in Karachi at the national stadium to be used by paramedical staff working at the special coronavirus hospital set up at the expo centre in the in the city.

Mani said though cricket has been disrupted by the virus outbreak but it was far more important for the nation to stand by the government and also take all precautionary steps during the pandemic.

Pakistan's centrally-contracted players are entitled to monthly salaries ranging from Rs 5 to 12 lakh besides match fee and other earnings.

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News Network
May 30,2020

St John's, May 30: The Cricket West Indies (CWI) on Saturday announced a temporary 50 per cent reduction in salaries and cricket funding across the entire regional cricket system, effective from the start of July due to the ongoing coronavirus pandemic which resulted in the suspension of all the cricketing activities across the globe since March.

"This decision has been necessary in the face of debilitating economic challenges which have resulted from the impact of the COVID-19 pandemic. With no international cricket currently being played anywhere in the world, and with great uncertainty of when regular cricket activity will resume, CWI - like many other international sporting organisations worldwide - is facing a significant loss of income, whilst also being uncertain of the long-term impact of the crisis on our operations," the CWI said in a statement.

During Thursday's teleconference, CWI's Board of Directors received recommendations from the Financial Strategy Advisory Committee (FSAC). The FSAC was formed in April by CWI president Ricky Skerritt, to make recommendations on how CWI could best manage its resources in order to continue its core business over the next few months in view of the changing and uncertain economic environment created by the global pandemic COVID-19. These recommended measures followed close consultation with all stakeholders.

"Cricket is the beating heart of our region for many individuals, communities, and economies. This pandemic is hurting every West Indian and this decision to cut staff and player incomes has been a very difficult one to make; one that will impact so many members of the cricketing family around the Caribbean," Skerritt said.

"This business continuity plan, unfortunately, requires all stakeholders to make a huge sacrifice, but I am confident that it won't be long before CWI will be in a position to ensure that the sport we love can restart and be enjoyed once again by the thousands of cricket fans across the region and diaspora," he added.

CWI has kept staff, players, umpires and coaches on full-pay since the outbreak of COVID-19 and have tried our best to avoid any cuts for as long as possible. CWI hopes that these temporary measures will only be in place for not more than three to six months. These measures will also include a 50 per cent reduction in funding for Territorial Boards, Territorial Board Franchises and WIPA, as well as a 50 per cent cut in all retainers and allowances for Directors and Executive management.

Earlier in the day, CWI gave its approval for a 'bio-secure' Test tour to England.

West Indies were first slated to play three Tests against England in June, but the original starting date of the series was pushed due to the coronavirus pandemic. The England and Wales Cricket Board (ECB) is looking to go ahead with the series against West Indies in July and then the Three Lions will play three Tests against Pakistan.

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News Network
July 16,2020

Kolkata, Jul 16: BCCI president Sourav Ganguly on Wednesday went into home quarantine after his elder brother and Cricket Association of Bengal (CAB) joint secretary Snehasish Ganguly tested positive for Covid-19.

Snehasish, a former Bengal first-class player, has been admitted to the Belle Vue hospital in Kolkata after his COVID report came positive.

"He was suffering from fever for the last few days and his test report came positive today. He's been admitted to Belle Vue Hospital," a CAB official said.

"The reports arrived late in the evening. As per health protocols, even Sourav will have to be in home quarantine for a stipulated period," a source close to the BCCI President added.

Snehasish had shifted to their ancestral house, where Sourav is based, in Behala after his wife and in-laws at his Mominpur residence tested positive for the dreaded virus.

The former India captain was, however, unavailable for a comment on the development.

Recently, during an interview to India Today, Sourav had spoken about how life around him has changed, making people more vulnerable.

"My brother visits our factories everyday and he is more at risk," the former batting star had said

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