2023 World Cup: BCCI could lose Rs 955 crore if ICC doesn’t get tax exemption from Govt for hosting 2023 World Cup

According to a report by the board, if the central government sticks to its decision to levy a tax surcharge of 21.84 per cent on ICC’s broadcast revenue from the 2023 ODI World Cup, the BCCI may lose around Rs 955 crore (USD 116 million). could. India is to host a 50-over showpiece in October-November next year.

Tax surcharge refers to “an additional fee, fee, or tax added to the cost of a good or service beyond the initially quoted price”. A surcharge is often added to an existing tax and is not included in the declared value of the good or service.

As per ICC norms, the host country is required to obtain tax exemption from the government for hosting tournaments organized by the global body.

Since India’s tax rules do not allow such an exemption, BCCI has already suffered a loss of Rs 193 crore (USD 23.5 million) as the government exempted the tax surcharge for hosting the 2016 ICC T20 World Cup. was not given. The BCCI is still fighting that case in the ICC Tribunal.

“The next ICC major men’s event, that is the ICC Cricket World Cup 2023, is scheduled to be held in India in the month of October and November in 2023. BCCI was obliged to give tax exemption or tax settlement to the ICC. For this event, latest by April 2022,” said the report circulated among state units ahead of the board’s October 18 AGM in Mumbai.

“This deadline was extended by the ICC Board to 31 May 2022. Earlier this financial year, the BCCI advised the ICC that in line with the tax order for the 2016 event, it was expected that 10% Tax orders (excluding surcharges) can be obtained as an interim measure for the event of 2023 within the required time frame.

“The ICC has now received an order from tax authorities in India to tax 20% (excluding surcharge) for its broadcast revenue for the 2023 event.”

According to the BCCI document shared with the state bodies, the adverse impact on the board’s revenue from the ICC, if 21.84 per cent tax is paid, would amount to USD 116.47 million.

The BCCI is understood to be still in talks and trying to reduce the tax surcharge percentage to 10.92 per cent from the current demand of 21.84.

If the BCCI reduces the tax surcharge to 10.92 per cent, the revenue loss would be around Rs 430 crore (USD 52.23 million).

“BCCI is currently working with the Ministry of Finance, Government of India and has represented at the highest level against this 20% (excluding surcharge) tax order and expects a 10% (excluding surcharge) tax order to be forthcoming soon. Will happen .

The report further said, “It should be noted that the cost of any taxes incurred by the ICC for the 2023 event in India will be adjusted with the BCCI’s share of the revenue from the ICC,” the report further stated. Is.

The BCCI’s share from the ICC’s central revenue pool for the 2016 to 2023 term is USD 405 million (approximately Rs 3336 crore).

The ICC is expecting USD 533.29 million (approximately Rs 4400 crore) from the broadcast revenue of the 2023 event in India.

Originally published at Pen 18

ICC to promote gender equality in tie-up with UNICEF

The International Cricket Council has partnered with UNICEF to empower women and girls and promote inclusion and gender equality through cricket. This partnership will be active in the upcoming T20 World Cup to be held in Australia where all 16 countries will organize ‘Cricket 4 Good Coaching Clinics’, which will be attended by 40 school children each.

Players will introduce children to the cricket development course ‘Cryo4Good’ as participants learn more about gender equality and meet their cricketing heroes.

Australian captain Aaron Finch said: “As a father to a daughter, I am extremely proud to be the champion for girls and support the partnership between the ICC and UNICEF to promote gender equality through cricket.”

The program will be available free of charge on the websites of the ICC and UNICEF, offering an eight-week lesson plan on the fundamentals of batting, bowling and fielding.

Each lesson plan includes a life-skills module to teach participants key life skills that will promote greater gender equality. These skills include leadership, problem-solving, self-esteem, negotiation, empathy, decision making, teamwork and goal setting, the ICC said.

The partnership will continue in all ICC competitions until the Men’s ODI World Cup in India in October-November 2023.

ICC CEO Geoff Allardyce said, “Using the power of cricket to build a better future is a central part of our global growth strategy. Therefore, I want to partner with UNICEF to empower women and girls through cricket. It is a pleasure to continue the partnership.”

“The Creo4Good program is an amazing tool for anyone around the world to use to help young girls and boys have fun with bat and ball and also learn important life-skills that will help in a more gender-equal world in the future.” will help shape it.”

Originally published at Pen 18

T20 cricket: Sideshow to money-spinner: The rise and rise of Twenty20 cricket

In barely 20 years, Twenty20 cricket has gone from being a light-hearted side to a central issue in the sport’s global calendar. With the eighth T20 World Cup starting Sunday in Australia, AFP Sport sees the rise and rise of the sport’s big-hitting, crowd-pleasing format.

the beginning


The end of the Benson & Hedges Cup one-day competition in 2002, due to a ban on tobacco advertising, left a gap in the domestic calendar of English cricket.

England and Wales Cricket Board marketing manager Stuart Robertson proposed a 20-overs-per-side event, a format already known in amateur and junior cricket.

The aim was to attract a younger audience who may not have time to engage with longer formats. The first official Twenty20 county match took place in 2003 and proved to be an instant success in terms of attracting crowds.

More than 27,000 people came to see Middlesex play Surrey at Lord’s, the largest attendance for any county game in the “home of cricket” outside a one-day final since 1953.

That success was noted elsewhere, with the batsmen’s frantic pace and dynamic hitting that proved popular with audiences across the globe.

Yet there was a feeling that this was not “proper cricket”.

international sport


The first international T20 match between New Zealand and Australia at Eden Park in Auckland in 2005 saw both teams wearing retro kits from the 1980s, with New Zealand decked out in exact replicas of their “beige brigade” colors of that era.

Some players even wore fake beards and mustaches in honor of the styles of the time.

Australia’s man of the match Ricky Ponting said, “I think it is difficult to play seriously.”

But the growing popularity of the format was noted by the International Cricket Council and led to the opening of the 2007 Men’s T20 World Cup in South Africa. India defeated arch-rivals Pakistan in a thrilling final.

It has become so popular that most international tours now feature T20 games and there is a fear among conservatives that the shortest format is thriving at the expense of Test cricket.

IPL

Just as India’s victory in the Men’s One Day World Cup in 1983 changed cricket’s most populous nation’s attitude towards the limited-overs game, the title success of 2007 was equally transformative.

The Board of Control for Cricket in India, capitalizing on that success and intrigued by the Indian Cricket League, a private T20 event, introduced the Indian Premier League in 2008.

Not only did it effectively end the ICL, the new six-week tournament changed the global environment of cricket.

With the city-based IPL, where teams were controlled by wealthy private owners and squads based on players auctioned off, prominent cricketers could earn huge sums of money in a short amount of time.

Traditionally, the way to build a lucrative career was to become an established international in multi-day Test cricket and profit from the sponsorship deals that followed.

Now, however, there was another way, creating a global T20 circuit with the creation of other leagues like Australia’s Big Bash and England’s Blast.

This concept only extended to the Caribbean, with Pakistan and Bangladesh now in the act.

Future

The IPL has changed the game so much that the ICC has effectively put international men’s matches on hold during the normal April-May time frame for the tournament to ensure top-class cricketers remain available.

Now there is an uneasy co-existence between the formats, with the ICC creating the World Test Championship to consolidate the five-day game.

Some prominent players like India’s Virat Kohli recently declared that Test cricket will always be the “absolute pinnacle of the game”.

He said, ‘I will give everything to Test cricket as long as I play, I can assure you that, but how long his attitude in cricket lasts, it remains to be seen.

In a sign of the times, new cash-up T20 leagues are slated for South Africa, the United States and the United Arab Emirates from 2023, and woo players with big-money offers.

Originally published at Pen 18

india: India lose second warm-up game to Western Australia by 36 runs

India’s star-studded batting line-up dashed hopes as the team lost to Western Australia by 36 runs in their second T20 World Cup warm-up match here on Thursday. Inaugural edition champions India posted 132 for eight in 20 overs chasing 169 runs.

India had won the first warm-up match by 13 runs.

D’Arcy Short scored 52 off 38 balls and Nick Hobson scored 64 off 41 balls to take Western Australia to 168 for eight in 20 overs. India’s fastest bowler R Ashwin took three wickets in an over.

Fast bowler Arshdeep Singh was again impressive in his three overs, while under-fire Harshal Patel made a comeback with 27 for two in four overs.

India struggled in the run chase on the fast surface of the WACA. India captain Rohit Sharma, Virat Kohli and Suryakumar Yadav did not come out to bat. Both Rohit and Kohli fielded during the West Indies innings.

Rishabh Pant (9) opened the batting with stand-in captain KL Rahul, whose 45-ball 74 went in vain.

None of the other Indian batsmen could make an impact in the innings. Batting on three, Deepak Hooda was dismissed for 6 runs in 9 balls. Hardik Pandya started with two sixes before being dismissed for 17 in nine balls. The designated finisher in the Indian team, Dinesh Karthik, scored 10 runs in 14 balls.

India are camping in Perth ahead of the T20 World Cup to get used to their pace and bounce. The team will now travel to Brisbane for practice matches against Australia and New Zealand on October 17 and 19 respectively.

He will start his campaign against arch-rivals Pakistan on 23 October in Melbourne.

Brief scores: Western Australia 168/8 in 20 overs (Darcy Short 52, Nick Hobson 64; R Ashwin 3/32, Harshal Patel 2/27). India 132/8 in 20 overs (KL Rahul 74; Lance Morris 2/23).

Originally published at Pen 18

BCCI shake-up: Sourav Ganguly breaks silence on removal from President's post, says, 'will move onto something else'

Originally published at Pen 18

Womens Asia Cup 2022: India beat Thailand by 74 runs to enter final – The Economic Times Video

India on Thursday defeated Thailand by 74 runs to enter the final of the Women’s Asia Cup. Chasing 149 for victory, Thailand could manage only 74 for 9 in their allotted 20 overs. Captain Narumol Chaiwai and Nattaya Bouchtham scored 21-21 runs for Thailand, while Deepti Sharma was the favorite among the Indian bowlers with 3/7.

Originally published at Pen 18

deepak chahar: Injured Chahar ruled out; Siraj, Shami, Shardul set to join India squad in Australia for T20 World Cup

Fast bowler Deepak Chahar, who was a strong contender to replace Jasprit Bumrah in the Indian squad for the T20 World Cup, was ruled out of the marquee event due to a back injury, BCCI sources said on Wednesday.

Chahar, a stand-by player for the World Cup, will be off the plane to fly to Australia, while the national selectors have asked pacers Mohammed Shami, Mohammed Siraj and Shardul Thakur to join the squad.

All three will fly to Australia on Wednesday night.

“Deepak will take some time to get fit. His back issue has flared up again. His ankle is fine and there was no problem. That’s why BCCI is sending three reinforcements, Mohammed Shami, Mohammad Siraj and Shardul Thakur,” a A BCCI official told PTI on conditions of anonymity.

One of the three fast bowlers will replace Bumrah in the 15-man squad.

Since the team has time till October 15 to announce Bumrah’s replacement, the team management has time to check the form and fitness of the three fast bowlers.

Chahar featured in the T20I series against South Africa, but developed a back problem and was forced to skip the ODI series. He reported to the National Cricket Academy (NCA) for rehabilitation.

Chahar had missed cricket earlier this year for nearly six months due to a back injury following a hamstring rupture. He had come back during the Zimbabwe tour.

With the fast bowlers arriving in Australia on time, they will get ample time to adapt to the conditions. If their services will be needed, they will be up for competition.

Shami is leading the race with his artistry and experience, but Siraj excelled in the recently concluded ODI series against South Africa, where he became the player of the series. Siraj took five wickets in three matches, including three in the Ranchi ODI.

Shardul will provide cover to Hardik Pandya in his all-rounder ability but will most likely be on the stand-by list.

Ravi Bishnoi and Shreyas Iyer are unlikely to travel for the time being and will join the squad only if the team asks for the replacement of the batsman.

Bishnoi will travel in case Yuzvendra Chahal is injured.

“Shreyas has been told that Deepak Hooda is fit, so he will be called only if a specialist batsman gets injured. He has been asked to play the Mushtaq Ali Trophy and be ready.”

Originally published at Pen 18