Rs 2-lakh salary cap to be removed for Indian coaches
Union Sports Minister Kiren Riiju has said the government is set to remove the salary cap of Rs 2 lakhs for Indian coaches training elite athletes.
Union Sports Minister Kiren Riiju has said the government is set to remove the salary cap of Rs 2 lakhs for Indian coaches training elite athletes.
"Several Indian coaches are showing very good results and need to be rewarded for their hard work. The government is also keen to attract the best coaching talent from across the country to train our elite athletes and we do not want the cap on compensation to be a deterrent for good coaches to join," said Rijiju.
Besides the increased remuneration, it has also been decided that the contract of all Indian coaches will be drawn up for four years, like foreign coaches, to ensure that elite athletes training under Indian coaches have continuity of coaching in one Olympic cycle.
See Zee Business Live TV streaming below
The increased remuneration and longer contract period is also to attract ex-elite athletes into the high performance sporting ecosystem, and to use their experience and skill to train athletes bound for major international competitions, including the Olympics.
Eminent coaches already working in various Public Sector Undertakings (PSUs) would also be allowed to join on deputation and be eligible for the four-year contract as well as the higher salary structure.
The remuneration will be decided on the basis of the ex-elite athlete`s performance as an athlete as well as his or her success as a coach. All new coaches and existing coaches who are given the new contract will be imparting training at national camps and SAI`s National Center of Excellence (NCOEs), and will be selected jointly by the Sports Ministry and the National Sporting Federations.
Lauding the move of removing the cap on compensation and longer contracts for Indian coaches, Pullela Gopichand, national coach of the Indian badminton team says, "This is a long standing request of the sporting fraternity. I am very happy with the decision because it will give a great boost to the overall sporting ecosystem by attracting many talented coaches and eminent ex-athletes to join the profession."
The Sports Ministry will also resume grassroot-level talent scouting with an eye on 2028 Olympics, as the situation improves after the COVID-19 pandemic. The elite Indian coaches/ex athletes form the country, including those from PSUs and leading Sports promotion Boards, will be part of the Talent Scouting Committee which will be touring various parts of the country to scout for raw talent in the age group of 10-15 years.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
02:00 PM IST