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‘Iss ahsaan ke liye aapka dhanyawaad’ – Fans react as Indian Cricket Board pay whopping amount of income tax in 2021-22, 37% higher than in 2020-2021

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Jai Shah and Indian Cricket Team (Source - Twitter)

It will not be wrong to say that the Indian Cricket Board is the richest cricket body in the world as the board earn the biggest sum of money from the apex cricket body annually. The Board has brilliantly managed all the domestic and international games which have been played in India so far.

Meanwhile, the Indian Cricket Board paid a whopping amount of INR 1159 crores in income tax for 2021-2022. The amount is 37% higher than what they paid in the previous year. However, the sudden increase in the tax is due to the earnings of the board affected in 2019-20 because of Covid-19 and the tax was also less. But now, as the cricket action is fully back in action in the country, the earnings have also increased for the Board and so has the income tax.

The Board’s earnings in 2021-22 were INR 7606 crores while the expenditures cost them around INR 3064 crores. On the other hand, if we talk about 2020-21, the Board earned revenue of INR 4735 crores and its expenditure stood at 3080 crores. 

From where did Indian Cricket Board earn more?

The Indian Cricket Board is the wealthiest cricket board in the world and the reason behind it is the massive fan following of Team India which is bigger than any cricket fanbase in the world. No other nation enjoys a bigger fan following than the Men In Blue and it helps the Cricket Board in India to get multiple sponsor and brand deals.

Apart from that, the Cricket Board in India also earn a major sum of money from the Indian Premier League (IPL) which is again, the biggest cricket league in the world. The league is watched by fans all around the world as multiple cricketers from several countries take part in the league which helps the board to get a global viewership. It is to be believed that the Indian Cricket Board will continue to be the richest board in future as well.

Here’s how fans reacted:

BIG NEWS

Robin Uthappa Arrest Warrant Issued Over Legal Dispute

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An arrest warrant has been issued against former cricketer Robin Uthappa in a financial dispute.

An arrest warrant has been issued against former cricketer Robin Uthappa in connection with a legal matter. The warrant was issued after Uthappa failed to appear in court for a financial dispute.

The legal issue involves a business deal where Uthappa is accused of financial misconduct. Despite multiple court summons, the cricketer failed to appear, leading to the warrant.

Robin Uthappa, known for his explosive batting in international cricket, has previously been a respected figure in the sport. He represented India in the 2007 ICC World Twenty20, contributing significantly to their victory.

Sources claim that the legal dispute revolves around a business transaction gone wrong, with Uthappa allegedly involved in financial wrongdoing. The case has raised concerns, as the cricketer’s failure to attend court led to a strong response.

Legal experts believe the Robin Uthappa arrest warrant may have serious consequences if ignored. Further actions may be taken if Uthappa does not respond to the summons promptly.

Fans and cricket fans alike are shocked by the news, as Uthappa has always been admired for his cricketing achievements. His legal team has yet to comment on the arrest warrant.

The case has attracted significant media attention, with many waiting for updates. Uthappa’s involvement in this matter has left his supporters eager for clarification.

The situation surrounding the Robin Uthappa arrest warrant remains fluid, and legal experts predict more developments in the coming days.

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BIG NEWS

Pakistan’s Asia Cup Loss Against India Shook Team Morale

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Pakistan Asia Cup loss to India

Pakistan Asia Cup Loss to India Left Players Devastated! Pakistan’s crushing defeat to India in the Asia Cup 2023 profoundly impacted the team, exposing vulnerabilities and sparking internal turmoil. Imam-ul-Haq, a key player, disclosed that the loss shattered team morale, with some players crying and isolating themselves in hotel rooms.

Pakistan Asia Cup loss to India intensified scrutiny, fueling rumors of discord within the squad. Imam acknowledged the psychological toll, explaining how players struggled to recover and maintain confidence in subsequent matches. This setback not only derailed their Asia Cup campaign but also affected their World Cup preparations.

Imam highlighted the immense pressure of high-stakes tournaments, where a single loss can overshadow months of effort and preparation. He described the emotional strain on the players, exacerbated by media speculation about rifts within the team. Such moments underline the mental challenges athletes face while representing their country on a global stage.

The Asia Cup defeat also revealed the importance of strong leadership and mental resilience during challenging times. Imam expressed hope that the team could learn from this experience and rebuild their confidence. He emphasized the need for unity and support within the squad to bounce back stronger.

Pakistan’s journey serves as a stark reminder of cricket’s unpredictability and the fine line between victory and defeat. The players’ emotional response reflected their dedication to the game and the weight of expectations from millions of fans.

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PM Modi Pays Tribute to Ravichandran Ashwin After His Retirement

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PM Modi Pays Tribute to Ravichandran Ashwin After His Retirement

Ravichandran Ashwin retirement! Prime Minister Narendra Modi paid tribute to Ravichandran Ashwin following his surprising retirement, acknowledging his outstanding contributions to Indian cricket. Ashwin, known for his skill and innovation, redefined spin bowling and established himself as one of the game’s greats.

During his illustrious 14-year career, Ashwin achieved 537 Test wickets and delivered match-winning performances across all formats. Modi highlighted his consistency, especially his ability to perform under pressure and against world-class opposition. The prime minister praised Ashwin’s commitment, which inspired countless young players to dream big and achieve greatness.

Modi reflected on the unwavering support Ashwin received from his family, acknowledging their sacrifices and vital role in his career. He also appreciated Ashwin’s iconic carrom ball, which revolutionized spin bowling and contributed to numerous memorable victories. Ashwin’s jersey number 99, synonymous with his presence on the field, will be dearly missed by fans and teammates alike.

Encouraging Ashwin to stay connected with cricket, Modi expressed hope that his post-retirement journey would continue to impact the sport positively. Ashwin’s retirement signifies the conclusion of an era but leaves behind a legacy of excellence and inspiration for future generations.

The prime minister’s heartfelt tribute emphasized the lasting impression Ashwin made both on and off the field, ensuring his name remains synonymous with greatness.

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