How Much Money Do Indian Olympic Winners Make? Tokyo Olympic 2021

 News Cover: Indian athletes at the Olympics are given the highest prize money in the world Yup you heard that correctly. In this episode, I will be breaking down the maths of it all Who makes what, And is India really upping its game? I would love to see you there. especially on WhatsApp, and let cheer the Indian contingent on as they make their way to the Tokyo Olympics 2021 The International Olympic Committee doesn’t give any prize money, the athlete gets the medal, and of course, the glory that one brings to their nation. was researching the media was talking about this chart – which shows Singapore awarding its medallist’s with the highest amount in the world Gold $1 million and this much for the others And so I got wondering how much does India give its athletes in our country medalists get awarded twice - once from the ministry and once from the state that they represent. The Ministry of Youth Affairs and Sports in India – gives its athletes 75lakhs for gold medal 50lakh and 30 lakhs respectively. 

Additionally, the central government will also give Rs 10 lakh to each athlete for participating in individual and team events. And they have been giving our athletes a monthly stipend of Rs50,000 since 2017, in preparation for the Olympics. now when it comes to the different states and their cash prizes we see the amount ranging from 6 crores to 10lakhs. This year in the Indian contingent there are many bright prospect’s and wrestlers Bajrang Punia and archer Atanu Das are two of the brightest. If Bajrang clinches the gold, he will pocket Rs 6 crore as cash award from his state while Das will have to be satisfied with just Rs 25 lakh. Other states like. UP, Odisha and Chandigarh are offering Rs 6 crore for gold followed by Karnataka and Gujarat and then you have Delhi Tamil Nadu and Rajasthan Punjab has 26 athletes heading to the Olympics this year one of the highest across India. A monetary boost of Rs. 5 lakhs has also been given to all athletes who qualify. 

While their winners will get 2.5crores. So yes India is awarding its athletes more than any other country in the world other than Singapore for that gold. So if you do get here and you do achieve this then all the sacrifices and hard work make financial sense. Last Olympics 2016 – PV Sindhu ultimately walked away with 10crores for her win. She got 5 crores and 3 crores from. these states along with her national cash prize. In fact, even Sindhu’s coach P Gopichand was awarded Rs 1 crore. So let’s understand that not all countries even give these rewards The United Kingdom, for example, does not offer specific medal bonuses but rather devotes approximately $162 million USD of government and lottery funds to Olympic sports each year. But compared to the rest of the world India doesn’t win many medals and so the high amount for gold is usually there for nations that don’t top the list of medal-winning countries. Take Singapore for eg: they won 1 gold in 2016 – and have won 5 medals till now in the history of their participation. Compare that to the united states which have won this many medals. Legendary swimmer Michael Phelps himself has walked away with 28 Olympic medals. that’s the total number of medals that India has even won at the Olympics When you see this table you realize that the countries that have won lots of medals offer lesser prize money to their athletes. 

The medals and bonuses may be worth a fortune, but in some countries, the money does not go straight to athletes' accounts. In India, Abhinav Bindra was first taxed for his Olympic win but he moved to the courts for an appeal ultimately he wasn’t. Hopefully the same applies to our athletes this year. American medalists have to pay taxes on the prize money awarded to them but they also get taxed on the value of the medals themselves In Singapore, 20% of the cash prize the medalists make has to go back to the NSA This year in India the bets seem much higher, we have a contingent of 119 athletes this will be India's largest-ever contingent at the Olympics. Despite all these numbers, the sad truth is that even though in the last handful of years investing in athletics and sports has seen an increase in govt and corporate funding the truth is that a lot of national state level and ex-international level athletes are not taken care of by us. Being an athlete means you are dedicating your life to the hope of bringing glory to your country, it is my humble opinion that we should be doing more for all our sportsmen who are not a part of ip l. Are we finally taking sports other than cricket more seriously? Who are you rooting for at the Olympics? Let's send them all the good vibes and wish them all the luck. Here’s to the Indian contingent at the Tokyo Olympics 2021.

Mirabai Chanu Wins Silver Medal at Tokyo Olympics

The News Cover: Mirabai Saikhom Chanu is from Manipur, India. 5 years ago she took part in the weightlifting category at the Olympic Games in Rio de Janeiro, Brazil. Everyone hoped she would win a medal but sadly she could not secure a medal. Now at the age of 26, Chanu took part in the Tokyo Olympics in Japan. She secures a silver medal for weightlifting. She is the 1st Indian woman to win a silver medal in weightlifting. 

Indians lauded her achievements and we're very proud of her. She became the first Indian weightlifter to win the silver medal in the 49 kg category. Before her Karnam Malleswari, had won a bronze at the 2000 Sydney Olympics in Australia. After her, no weightlifter secured an Olympic victory. Finally, Mirabai Chanu won and has also become the 1st weightlifter to win a silver medal. After winning, Chanu spoke to the media and said, “ I trained hard to train and made many sacrifices. I have not eaten my favorite food, which is pizza, in a long time. I did this to focus on my training and my aim was to win a medal at the Olympics. Now that I achieved my dream and secured a silver medal, I am overjoyed and relieved. Now I will surely go eat a pizza." Immediately after this Pizza company Dominos Tweeted, “Mirabai Chanu, Congratulations on winning making your dream come true. India is very proud of you. 

Whenever you go to a Dominos pizza outlet, we will give you free pizzas for life. Once again, congratulations!" Chanu had been working as a tickets inspector in the Indian Railways. After her win, an overjoyed Manipur Chief Minister N. Biren said, "Congratulations Mirabai! I am elated by your victory. You no longer have to be a ticket-checking inspector in the railways. Once she returns to India, I will give you a suitable job as a token of gratitude." Boxer Mary Kom, table tennis player Manika Batra, Badminton player PV Sindhu, are playing exceptionally well and keeping hopes of further Olympic medals alive. 

India had never qualified for Fencing in the Olympics. Now for the first time, C A Bhavani Devi qualified for the fencing Olympics. Sadly she lost in the match. In the Equestrian category of the Olympics, Indrajit Lamba qualified in 1996 and Imtiaz Anees in 2000. Since then for the last 20 years, no Indian had qualified in Equestrian at the Olympics. Now Fouaad Mirza became the first Indian to qualify for the Olympics.

Tokyo Olympics 2020 PV Sindhu & Mary Kom Reach Tokyo Olympics Village

 

The News Cover: others reached the Olympic village for Tokyo Olympics 2020, to be held from the 23rd of July that's the image, we are putting out the Olympics. which are to be held between 23rd of July august 8th in japan much hopes from the Indian contingent my colleague Shivani Gupta with us on the take us through these images our ace athletes are Mariko and others have reached the Olympic village much hopes on them absolutely this is our biggest and possibly. 

the strongest contingent that we have at the Olympics ever the boxers the hockey team. the badminton team the tt team everybody has been on their way they will be the likes of our sailing team and our weight lifter Mirabai Chanu, and the shooting team that has already reached the Tokyo village. so you know day by day all of our contingents are making their way last night from the national capital new sports minister Anurag Thakur had kind of given a ceremonial send-off to many of our athletes in 54 of them and an 80 plus contingent with officials that included our hockey team as well but the images that you're seeing, of course, are of our boxer maricon and our you know badminton team others making their way into the village there are a lot of processes, of course, they have to go through but as of now, it has been mostly smooth for most of our athletes that have made their way okay as you know there are some concerns regarding Covid with some cases coming to light from the game's village but the authorities, of course, are taking care.