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Commonwealth Games & other Indian sports events : Articles tagged with 'finance'

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Articles tagged with 'finance'

CWG scam: CBI conducts raids, files FIRs

4 weeks ago
The Central Bureau of Investigation (CBI) has filed four FIRs in the ‘synthetic turf’ scam that took place during the 2010 Commonwealth Games in New Delhi.  more...

Poverty politics

8 months ago
The 2G spectrum scam, Commonwealth Games loot, cash-for-vote bribery, Lokpal fiasco, Pranab-Chidambaram duel on the Finance Ministry note, and the count goes on. It seems the UPA-II is […]  more...


Independence Day blues- Sandhya Jain

10 months ago
16 Aug 2011 If a single event encapsulates the corruption, sleaze and political callousness that bedevils the common man today, it is the Commonwealth Games of 2010, whose reverberations […]  more...

‘CWG was no money spinner’ – Hindustan Times

10 months ago
The Hindu 'CWG was no money spinner'Hindustan TimesSuresh Kalmadi and co. fooled everyone about the supposed profitability of the Commonwealth Games. He conjured blinding figures of revenue generation from the Games which both the Union Finance and Sports ministries fell for repeatedly. …Kalmadi appointment as OC chief vetted by PMO, ministries in 2004Times of IndiaHow IOA [...]  more...

Shamed 2014 Commonwealth Games chief’s junket spree exposed – Scottish Daily Record

11 months ago
BBC News Shamed 2014 Commonwealth Games chief's junket spree exposedScottish Daily RecordTHE Glasgow Commonwealth Games boss forced to quit over a freebie also enjoyed junkets to T in the Park, Wimbledon, The Open and the Winter Olympics. Games chiefs have finally released a secret list of jollies accepted by top officials on the Glasgow …Finance firm [...]  more...

Firms, former officials sue Commonwealth Games Organising Committee; seek dues

11 months ago
Under scanner for alleged bungling to the tune of crores of rupees, the organising committee is now mired in litigation with several firms and its former employees seeking their dues.  more...

Commonwealth Games scam: ED allowed to quiz ex-organising committee official

11 months ago
A court allowed the Enforcement Directorate to interrogate former organising committee treasurer M Jayachandran to ascertain violation of foreign exchange laws in award of the contract for installing the Timing, Scoring and Result system for the 2010 event to a Swiss firm.  more...

I warned PM about CWG scam, Chidambaram overruled me: Mani Shankar Aiyar

11 months ago
"I brought it to the attention of the prime minister, cabinet ministers and the group of ministers. I was over-ruled in the GoM by the finance minister. The seriousness of my charges was dismissed by the GoM," he said.  more...

Chidambaram never acknowledged my CWG letters on graft: Aiyar

11 months ago
New Delhi, July 4 (IANS) Former sports minister Mani Shankar Aiyar has blamed former finance minister P. Chidambaram for not taking cognizance of his letters that warned about alleged embezzlement of funds earmarked for the Commonwealth Games.  more...

PC didn't act to stop CWG scam: Aiyar

11 months ago
NEW DELHI: After targeting Prime Minister Manmohan Singh, former Sports Minister Mani Shankar Aiyar has now dragged Home Minister P Chidambaram's name for failure to check the Commonwealth […]  more...

BJP blames PM's 'conspiracy of silence' for graft

11 months ago
BJP posed some of its own questions to the Prime Minister on his role in 2G scam, Commonwealth Games and appointment of PJ Thomas as CVC among others.  more...

PM was warned by Mani of Kalmadi ways – indiablooms

12 months ago
Moneylife Personal Finance site and magazine PM was warned by Mani of Kalmadi waysindiabloomsNew Delhi, Jun 2 (IBNS) Former Union Sports Minister Mani Shankar Aiyar had alerted Prime Minister Manmohan Singh of the profligate ways of Suresh Kalmadi in 2007 itself in the organization of the Commonwealth Games, according to the letters procured …PM was alerted [...]  more...

Ex-CWG officer told to pay for unsanctioned 10-month leave

2 years ago
For 10 months, former chief operating officer of the Commonwealth Games Organising Committee Vijay Gautam remained on leave.  more...

Heat on top brass in CBI’s Rs 668-cr Delhi Games FIR

2 years ago
The Central Bureau of Investigation is set to register one of the most important cases in connection with the Commonwealth Games  more...

BJP demands CBI enquiry against Sheila Dikshit

2 years ago
Accusing Delhi chief minister Sheila Dikshit of showing "favouritism" in awarding Commonwealth Games project contracts, the BJP today demanded a CBI probe into the alleged corruption and misuse of position.  more...

I-T seizes Rs 400 cr in cash, jewellery

2 years ago
New Delhi, Nov 17 (PTI) The Income Tax department hasmade seizures totalling over Rs 400 crore this fiscal duringraids, which were also conducted to detect allegedirregularities in finances of IPL and Commonwealth Games.  more...

BJP to press for parliamentary probe into 2G spectrum, Adarsh, CWG scams

2 years ago
The on-going winter session of Parliament has seen repeated disruptions from the first day over the opposition demand for a JPC probe.  more...

Will Emaar MGF be fourth time lucky in IPO efforts?

2 years ago
Emaar MGF Land Ltd, the real estate company which built the athletes' village for the Commonwealth Games, has filed a prospectus for the fourth time in four years […]  more...

CWG irregularities: BJP charges PMO, Union Cabinet for approving cost escalations

2 years ago
New Delhi, Nov 3 (ANI): The Bharatiya Janata Party (BJP) upping its ante on Commonwealth Games irregularities on Wednesday claimed that the Prime Minister's Office and the Union Cabinet approved cost escalations for the 2010 Games projects five times between 2007 and 2009 that shot the expenditure up from Rs 1000 crore to over Rs 2,400 crore.  more...

Fazny Zavahir: Staffing of 2014 Games could be ‘logistical nightmare’

2 years ago
Glasgow faces a “logistical nightmare” recruiting and training staff for the Commonwealth Games, organisers have admitted, as the spotlight shifts from the debacle in Delhi to plans for […]  more...

Prasar Bharti CEO defends CWG broadcasting deal

2 years ago
Following allegations of corruption involved in the Commonwealth Games broadcasting rights - Prasar Bharti CEO BS Lalli has come out to defend the deal with British SIS Live Communications.  more...

Fazny Zavahir: UK broadcast firm set to lose 40% of contract fee

2 years ago
New Delhi: UK-based outdoor broadcast firm SIS Live, the contract firm for the broadcast production of Commonwealth Games, is set to lose Rs 96 crore or 40% of […]  more...

Dikshit lauds ministers, officials for Games' success

2 years ago
New Delhi, Oct 18 (IANS) Delhi Chief Minister Sheila Dikshit Monday thanked her cabinet colleagues and officials for the success of the Commonwealth Games which concluded Oct 14.  more...

Tech power India can't keep the Games website up and running

2 years ago
The Commonwealth Games official website has gone for a toss. Far from being uploaded automatically almost in real time, the website has been painfully slow, often well behind private media sites. This has virtually shut down an important window on the Delhi Games for the wider world.  more...

CWG: A FACTUAL view of Finances!

2 years ago
Before the games have started, and before it gets known for the 'G' in CWG, We already know, what it is going to be known for a few […]  more...

Pranab Mukherjee confident of smooth conduct of Commonwealth Games

2 years ago
'I am quite confident that the Commonwealth Games will be conducted smoothly, and (the) country will be happy to see (it) being conducted properly and smoothly,' he said.  more...

Pakistani players much concerned about security during Delhi Commonwealth Games

2 years ago
Confusions spread among 75 members of Pakistani contingent to participate in the 19th Commonwealth Games (CWG) next month in India after the world media and sports boards had […]  more...

In the last lap, a Commonwealth subsidy scramble

2 years ago
The Union Finance Ministry is not amused by the clamour for Commonwealth subsidies barely a fortnight before the inauguration of the Games.  more...

In the last lap, a Commonwealth subsidy scramble

2 years ago
The Union Finance Ministry is not amused by the clamour for Commonwealth subsidies barely a fortnight before the inauguration of the Games.  more...

'Demoralised, but we'll pull it off'

2 years ago
Suresh Kalmadi on Monday said he and the rest of his staff were "demoralised", "hurt" and "pained" by the negative publicity surrounding the Commonwealth Games. "We don't deserve it," said the Organising Committee (OC) chairman, who dropped in at the Hindustan Times office to chat about the problems plaguing the Committee, the state of the venues and how the Games will be conducted.  more...

Finance Ministry eases import norms to ensure a successful CWG

2 years ago
Source: Business Standard, Sept 6, 2010New Delhi: The finance ministry is doing its bit to make it easier for the suppliers, contractors and vendors and sub-vendors of the Organising […]  more...

DDA to ready only 1,600 flats in Vasant Kunj

2 years ago
Despite its assurance on August 6 that 4,000 flats in Vasant Kunj will be ready in time for the Commonwealth Games, the Delhi Development Authority (DDA) admitted at a recent meeting of the Empowered Group of Ministers that it will now only deliver 1,600 rooms for the October event.  more...

Govt waives off customs duty on aerostat

2 years ago
The giant helium balloons to be used for the opening and closing ceremonies of the Commonwealth Games, will be exempted from customs duty.  more...

Goverment exempts C'Wealth Games helium balloons from customs duty

2 years ago
Helium balloons, touted to be a star attraction at the opening and closing ceremonies of the Commonwealth Games, will now be exempted from customs duty, the finance ministry said today.  more...

Commonwealth Games gear stuck at ports, airports

2 years ago
Customs authorities have not permitted ships carrying equipment to offload because these goods are being imported in the name of contractors/vendors and not the Games organising committee.  more...

After CWG, Pune demands probe in CYG

2 years ago
The embattled Commonwealth Games organiser, Suresh Kalmadi’s woes just don’t seem to end. Now, there is a demand in his home constituency, Pune, that the accounts of the Commonwealth Youth Games, held in Pune in 2008 — also led by Mr Kalmadi — be reopened. The CYG had to be held in Pune because facilities in Delhi were not ready.  more...

Firm got more than sponsorship it brought

2 years ago
CYG : SMAM was paid Rs 2.68 crore for bringing in sponsorship of Rs 2.11 crore, says report  more...

Suresh Kalmadi stays as chief, but with clipped wings

2 years ago
Short of forcing him to resign as chairman of the organising committee (OC) of the Commonwealth Games (CWG), the government is tightening the noose around Suresh Kalmadi over financial irregularities in the Rs20,000-crore event.  more...

Opposition slams Centre

2 years ago
The UPA government faced all round flak in Lok Sabha on Monday on the issue of "mismanagement and corruption" in preparations for the Commonwealth Games (CWG).  more...

Commonwealth mess: Enforcement Directorate summons TS Darbari for questioning

2 years ago
Official sources said Darbari, a close aide of OC chairman Suresh Kalmadi, has been asked to explain certain financial transactions undertaken during the QBR last year.  more...

Time to sack Kalmadi?

2 years ago
I’m sure you must have heard about the controversy that has encircled and covered the actual Sportive Feeling behind the Commonwealth Games, Delhi 2010. The Games’ Organizing Committee […]  more...

CWG: Heads roll to save big fish in clean-up ‘act’

2 years ago
The Suresh Kalmadi-led Organising Committee, which has been forced to cleanse the Commonwealth Games stables, on Thursday suspended joint director TS Darbari, former deputy director-general Sanjay Mahendroo, and head of the accounting department M Jeychandran. The executive board also terminated the contract of Melbourne-based Sports Marketing and Management (SMAM) for “non-performance”.  more...

With God on his side; Gill promises successful Games!

2 years ago
Notwithstanding the huge controversy surrounding the rampant corruption in the Commonwealth Games 2010, Sports Minister MS Gill appeared confident of successfully holding the mega event.  more...

With God on his side; Gill promises successful Games

2 years ago
Notwithstanding the huge controversy surrounding the rampant corruption in the Commonwealth Games 2010, Sports Minister MS Gill appeared confident of successfully holding the mega event.  more...

1900 DDA flats for CWG staff still incomplete

2 years ago
Less than 60 days are left to go for the Commonwealth Games 2010, and apart from charges of corruption, the inability to complete housing projects is turning out to be another cause of concern for the government. It is now learnt that nearly 1900 out of 2700 flats, meant to house technical staff of the games, are far from being complete. What's more surprising however is that the Delhi Development Authority (DDA) which was given the task of constructing those flats seems to have almost given up.  more...

Under-pressure Kalmadi says ready for CAG or judicial probe

2 years ago
Cornered by allegations of corruption in the Commonwealth Games' preparations and isolated within his own party, under-fire Organising Committee chairman Suresh Kalmadi on Wednesday said he is ready to face any CAG or judicial probe into the financial transactions related to the event. "I,as Chairman of the Organising Committee, am prepared to face any scrutiny by (Comptroller and Auditor General) CAG or even a judicial probe for all financial transactions being reported by the media. All the people found guilty will be punished and brought to book," Kalmadi said in a statement.  more...

Race against time to get Sushruta centre Games-ready

2 years ago
A lack of basic equipment and staff notwithstanding, the Delhi government’s only trauma centre — Sushruta — has set itself the lofty target of becoming a world-class trauma facility before the Commonwealth Games. The administration is hoping to get a project worth Rs 10 crore approved, tenders floated and renovation completed — all in the 62 days before the Games.  more...

No Comments: Says CM on CVC report

2 years ago
‘‘Do you want me to go to jail?’’ This was how an agitated chief minister Sheila Dikshit responded on Friday when she was repeatedly asked to comment on CVC report on corruption in Delhi government projects for the Commonwealth Games.  more...

Yamuna Complex Project is Delayed

2 years ago
On a round to inspect Commonwealth Games projects of MCD and DDA in east Delhi, finance minister A K Walia on Wednesday expressed displeasure at the tardy pace of work at the Yamuna Sports Complex, where archery and table tennis events are scheduled to take place.  more...

Wanted: some ‘Islam’ in CWG ceremonies

2 years ago
Critical of the absence of any reference to “Islamic influence on Indian history,” in either the opening or closing ceremonies of the Commonwealth Games, the Group of Ministers has asked the Games organisers to provide a “true” representation of India’s inclusive culture by weaving this in.  more...

Delhi clears Rs.4 bn beautification projects for commonwealth games

3 years ago
New Delhi, July 24 (IANS) With the 2010 Commonwealth Games less than 15 months away, the Delhi government Friday unveiled a slew of measures for improving greenery, streetscaping and beautification around stadia in the national capital during the event.  more...

Delhi govt provides Rs 1,189 crore for delhi Commonwealth Games

4 years ago
New Delhi: The Delhi Government presented its Budget for 2008-09 which emphasizes on improving the capital's infrastructure.The Budget was presented by Finance Minister AK Walia in the Assembly who allocated Rs 1,189 crore for the development of infrastructure related to Commonwealth Games which is head in the capital.A state-of-the-art Games Village is being built along the east bank of the Yamuna River by Delhi Development Authority (DDA) .A new indoor stadium will be constructed for Commonwealth Games and the existing ones will be repaired.The stadiums which will host the different games include Jawaharlal Nehru Stadium, Major Indira Gandhi Indoor Stadium complex,Dhyan Chand National Stadium, Dr Karni Singh Shooting Range,Talkatora Indoor Stadium, Tyagaraj Sports Complex, Siri Fort Sports Complex, , RK Khanna Tennis Complex,Yamuna Sports Complex, Delhi University and the SPM Swimming Pool Complex.Many new flyovers are also being constructed for the 2010 Commonwealth Games along with the expedition of the work related to Delhi Metro.  more...

 
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