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Sports Ministry Announced 100 Per Cent Pension Hike For Medal Winners In International Competitions
Section Indian Olympic Association Posted on Fri Jul 11, 2008 at 12:39:58 AM EST
Pension of medal winners in international competitions such as Olympic and Asian Games has been doubled with effect from July 1, the Sports Ministry announced today.
The decision was made by the General Committee, the apex body for managing the "Sports Fund for Pension to meritorious sportspersons", which met here under the chairmanship of Sports Minister M S Gill. "The Government has made 100 per cent increase in the pension of meritorious sportspersons," said a press statement issued by the Ministry. "The enhanced rates of pension will be applicable to both existing meritorious sportspersons drawing pension as well as sportspersons eligible in future. The new rates will be effective from July 1, 2008," it added. As per the revised rates of pension the medalists at the Olympic Games will get Rs 10,000 in place of Rs 5000 and gold medalists at the World Cup/World Championships in Olympic and Asian Games disciplines will draw Rs 8000 instead of Rs 4000 per month. Silver and bronze medallists at the World Cup/World Championships, Olympic and Asian Games disciplines and the gold winners of the Asian/Commonwealth Games will get Rs 7000 in place of Rs 3500. It would be Rs 6000 for silver and bronze medalists of the Asian/Commonwealth Games. The Para-Olympic Games medal winners will also be benefitted getting Rs 5000, Rs 4000 and Rs 3000 per month. Source: Press Trust Of India 11/July/2008
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