P V Sindhu, Sakshi Malik received only 1.66% of total amount spent on Rio-bound athletes: Report

September 12, 2016

New Delhi, Sep 12: Rio Olympics medal winners P V Sindhu and Sakshi Malikreceived only 1.66 per cent, for their preparation for the international sporting event, of the Rs 36.85 crore spent by the government on the 117 Olympians who took part under the Target Olympic Podium Scheme (TOPS) launched last year, reported the Indian Express on Monday.

collageUnder TOPS, the government spent Rs 61.13 lakh on Sindhu and Malik, the report added.

Where did most of the funds go?

Citing data compiled on August 22, the national daily said that in some cases, a significant chunk of the funds was spent on athletes who turned out to be prominent under-performers. The report gave the example of the women’s relay squad, on which Rs 2.94 crore were spent, which finished seventh in their heats and did not qualify for the semi-finals.

Shooting, the country's most successful Olympic discipline in the last three games, received nearly half of the overall amount, the report said, putting the figure at Rs 15.39 crore.

The government spent that amount on the 12 shooters who went to Rio, according to the report, and 10 of them got more than Rs 1 crore each. India's medal-prospect in the discipline, Abhinav Bindra, received the highest amount among individual athletes at Rs 2.37 crore.

The report added that the second highest expenditure, according to the data, was incurred on athletics, with Rs 7.80 crore being spent on 30 out of the 36 athletes who qualified.

According to the report, of the total amount under TOPS, Rs 6.36 crore was spent on disciplines – badminton (Rs 3.84 crore) and wrestling (Rs 2.52 crore) – that did net India medals. The report added that Rs 45.27 lakh went to badminton silver medal-winner Sindhu and Rs 15.86 lakh to wrestling bronze medal-winner Sakshi.

However, in terms of return on investment, TOPS mostly missed out, with Rs 30.49 crore (out of the total of Rs 36.85 crore) being spent on disciplines which did not net India any medals, the report said. The report cited the example of discus thrower Vikas Gowda. Gowda, who the sportsministry saw as a medal-prospect, received Rs 1.02 crore but he finished 28th in his event.

What is TOPS?

Launched in March 2015, TOPS is a top-up funding scheme which is meant to fulfil the direct needs of Olympic athletes, including amount spent on personal coaches and support staff, travel and accommodation expenses during competitions and training, and equipment expenses.

According to the report, TOPS is over and above the central budget, which stands at Rs 750 crore for the period beginning from the start of 2012 to December 31, 2015, according to the previoussports minister Sarbananda Sonowal.

Did we spend enough?

India's expenditure on this account appears to fall short when compared to many other participating nations.

According to the report, in comparison to Great Britain, which spent $350 million on all its Rio-bound athletes, and Australia, which spent $332 million in the period between the 2012 London and 2016 Rio Olympics, India spent approximately $5.5 million under TOPS in the run-up to the Olympics.

Speaking to the national daily, Sports Minister Vijay Goel said: “If we want to broad-base our sport, we need more budget to provide infrastructure, training and coaches for our athletes. So definitely, we need a bigger budget.”

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News Network
March 25,2020

New Delhi, Mar 25: Former England cricketer Kevin Pietersen appealed to Indian citizens to stay home during the 21-day lockdown, announced by Prime Minister Narendra Modi to contain coronavirus.

"Namaste India! I have heard that your situation is like ours, PM Modi has announced a nation-wide lockdown for 21 days. I request you to follow this instruction. We will fight coronavirus together and come out to this situation. Please stay at your home and stay safe, " he tweeted in Hindi.
At the end of the message, Pietersen gave credit to his "Hindi teacher" Shreevats Goswami, who is an Indian domestic cricketer.
On Tuesday, Prime Minister Narendra Modi had said that the nationwide total lockdown will be in place for three weeks to combat the coronavirus menace.

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February 5,2020

New Delhi, Feb 5: IPL franchise Kolkata Knight Riders (KKR) has denied any financial dealings with the controversial Rose Valley Group except for it being a sponsor of the side's official jerseys in 2012 and 2013.

KKR issued the clarification after the Enforcement Directorate (ED) attached Rose Valley's assets worth over Rs 70 crore on Monday. The attached assets include Rs 11.87 crore bank deposits of Knight Riders Sports Pvt Ltd, that owns KKR, in connection with a money laundering probe.

The franchise said it hopes for the matter to be resolved expeditiously.

"Rose Valley Hotels was one of KKR's IPL jersey sponsors for IPL seasons 2012 and 2013. Rose Valley had paid KKR an approx. amount of Rs 11.87 crore as sponsorship fees," KKR CEO Venky Mysore said in a statement.

"KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business," he added.

The statement added that in July last year, KRSPL (Knight Riders Sports Pvt Ltd), received a "witness summon" from the ED in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business.

"The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities in all respects," Mysore said.

"As part of the investigative process, sometime in October 2019, the ED placed a lien on the said amount earlier paid by Rose Valley to KKR," he asserted.

The directors of KRSPL include Shah Rukh Khan's wife Gauri Khan, actor Juhi Chawla's husband Jay Mehta, Mysore and two others.

Mysore was questioned in this case by ED's Kolkata office in October last year.

Apart from KRSPL, the ED attached properties of two other entities -- Multiple Resorts Pvt. Ltd. and Kolkata's St Xavier's College on Monday.

The ED registered an FIR against the Rose Valley group, its chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014.

Kundu was arrested by the agency in Kolkata in 2015 and is in judicial custody at present.

The ED has filed multiple charge sheets in Kolkata and Bhubaneswar courts in this connection and total attachments are now worth Rs 4,750 crore.

The group has been charged by the ED and the CBI with "illegally and fraudulently collecting deposits from public with the intention to cheat them by falsely promising high returns on their investment", thereby perpetrating a ponzi-like fraud.

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February 4,2020

Feb 4: India captain Virat Kohli on Tuesday said the death of NBA legend Kobe Bryant in a helicopter crash has impacted his outlook towards life, which he feels, is sometimes taken for granted in pursuit of control over the future.

Bryant, a two-time Olympic gold-medallist and one of the most decorated basketball players of all time, died in a helicopter crash last month along with his 13-year-old daughter Gianna, who was also a budding hoopster.

"Firstly, it was a shock to everyone. I grew up watching those NBA games in the morning and watching what he did on court. But when someone that you have looked up to in some ways, passes away like that, it does put things in perspective," Kohli said on the eve of the first ODI against New Zealand here.

"...at the end of the day, life can be so fickle. It's so unpredictable. I think a lot of the times we get too caught up in the pressures of what we have to do tomorrow...we really forget living life and enjoying life and just appreciating and being grateful for the life we have," he added.

Kohli said a tragedy like this makes one realise that nothing can be more important than enjoying every moment of existence.

"...it did put things in perspective for me massively. It just makes you feel like not wanting to have control of things in front of you all the time, and just embracing life and appreciating it.

"You start looking at things from a different point of view suddenly and you want to enjoy every moment you're going through. You realise that what you're doing at the end of the day is not the most important thing. The most important thing is life itself," Kohli signed off.

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