Sports minister promises expansion of TOPS, financial windfall for Tokyo performers, BFSI News, ET BFSI

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NEW DELHI: Driven by India’s best medal haul in Tokyo Olympics, the government will expand the size and scope of the Target Olympic Podium Scheme (TOPS) keeping the 2024 and 2028 Games in mind, Sports Minister Anurag Thakur said on Sunday.

During a felicitation programme organised for the triumphant Indian athletes, the Indian Olympic Association (IOA) awarded Olympic champion Neeraj Chopra with a cash award of Rs 75 lakh.

This is the first time, IOA is offering cash incentives to Olympic medallists.

The silver medallists — wrestler Ravi Dahiya and weightlifter Mirabai Chanu — received Rs 50 lakh each for their heroics in Tokyo.

The bronze medallists — shutter PV Sindhu, boxer Lovlina Borgohain and wrestler Bajrang Punia — got Rs 25 lakh after their fine show at the recently-concluded Olympics.

“I assure you we are going to increase TOPS so that more and more athletes can be benefitted,” a delighted Thakur said on the sidelines of the programme.

Optimistically, he added, “When such a function is held after the 2024 Olympics, I hope the medallists are so many that there is no space left here (for them to occupy).”

Each member of the bronze-medal winning men’s hockey team got richer by Rs 10 lakh each. The coach of gold winner Chopra will receive Rs 12.5 lakh, while coaches of Dahiya and Chanu get Rs 10 lakh. The coach for the bronze winners was given Rs 7.5 lakh.

It was also announced that Rs 1 lakh will be given to all 128 Tokyo Olympians. All the medallists were present.

Besides, the medal-winning National Sports Federations (NSFs) were presented with cheques of Rs 30 lakh each.

Along with Thakur and the other dignitaries present, Indian Olympic Association (IOA) president Narinder Batra, too, lauded the country’s athletes for their performance at the showpiece.

“There was a lot of gloom and despondency in the country due to COVID-19 before the Olympics. But your (athletes) performance in the Tokyo Olympics has changed all that and you have brought a smile to 1.3 billion people of the country,” Batra said.

“You must have realised what you all have done for the country.”

Chopra’s coach Klaus Bartonietz and Jaiveer Choudhary, who introduced the athlete to the Shivaji Stadium in Panipat, did not turn up for the event.



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Bitbns to award crypto SIPs for Indian winners at the Tokyo Olympics 2020, BFSI News, ET BFSI

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Bitbns, the cryptocurrency exchange, has announced Bitcoin SIP awards for Indian winners at the Tokyo 2020 Olympic Games in its bid to recognise and celebrate Olympic champions where winners would be entitled to open cryptocurrency SIPs’ worth lakhs on the exchange.

The SIP will start onwards from Rs 2 lakh for gold, Rs 1 lakh for silver, and Rs 50k for bronze medalists. The company aims to begin with honoring Mirabai Chanu for bagging a silver medal in weightlifting in the 49 kg category and PV Sindhu, who won the bronze medal after defeating Bing Jiao of China in badminton to become the 1st Indian woman with 2 individual Olympic medals.

Gauarv Dahake, CEO, Bitbns said, “As India celebrates its 100-year journey with the biggest global sporting event, Bitbns is proud to associate and play its bit in honoring the Indian Olympic champions. Indian athletes winning medals at the Olympics are not just fulling their dreams but the dreams of billions of Indians while making the country proud on a global platform. I would like to convey my heartiest congratulations to Mirabai Chanu and P.V. Sindhu for bringing home the medals.”

“Bitcoins and Ethereum have been the best-performing assets in the last decade, and have given exceptional returns and we aim to get our winners to indulge in this rewarding journey. Our Olympians are the personification of sheer grit, valour, and commitment and the sense of pride they gift us is immeasurable. This is a small gesture from us to gratify them in our own way.” he added further.



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