Comments
Andhra Pradesh Chief Minister YS Jaganmohan Reddy said here on Tuesday that his Government would give cash incentives to sports persons from the State who excelled at the national level after 2014.
“The cash incentives will be given to all sportspersons who won medals at the national level. The gold medallists will be given ₹5 lakh, silver medallists ₹4 lakh, while the bronze medallists will get ₹3 lakh,” he said.
He said it was necessary to recognise the efforts of sportsmen at the junior and sub-junior levels. The gold medal winners in this category at the national level would be given ₹1.24 lakh;for silver medal winners ₹75,000; and for bronze medal winners ₹50,000. The encouragement to junior and sub-junior level sportsmen would go a long way and ‘many Sindhus would emerge from them’, he said.
Later, at another review meeting, he announced release of ₹1,150 crores as relief to small depositors who had invested less than ₹20,000 in Agrigold company. The company was caught up in a scam. The amount would be paid back to the depositors by the State Government and later it would be recovered by selling the assets of the company.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.