The Indian Olympic Association yesterday announced a R50 lakh cash award for the gold medal winning athletes in the Rio Olympics
Rio de Janeiro: The Indian Olympic Association yesterday announced a Rs 50 lakh cash award for the gold medal winning athletes in the Rio Olympics.
At a meeting with the managers and coaches of the teams, the IOA top brass comprising president N Ramachandran and secretary general Rajeev Mehta, it was announced that the national Olympic body for the first time would award Rs 50 lakh for a gold medal, R30 lakh for silver and R20 lakh for bronze.
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In addition, the coaches will be awarded an equivalent of 50 per cent of the amount that the athletes receive. So, a gold-winning athlete's coach will receive Rs 25 lakh.
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