The Board of Control for Cricket in India (BCCI), the governing body for cricket in India, has showcased significant financial growth over the past few years, as evidenced by the figures revealed recently in the Rajya Sabha. BCCI's contribution to the nation's income tax pool for the fiscal year 2021-22 amounted to a whopping Rs. 1,159 crore, registering an increase of 37% from the preceding year. This leap can be partially attributed to its enhanced revenue streams.
Here’s a detailed account of the BCCI's financial landscape over the past five years:
2017-18: This fiscal year witnessed BCCI contributing Rs. 596.63 crore towards income tax. While this seems a sizable sum, it's evident that the following years experienced even higher figures.
2018-19: The subsequent fiscal year saw a substantial rise in the board's tax commitment, with the figure reaching Rs. 815.08 crore, indicating a strong financial performance.
2019-20: Interestingly, the board's tax contribution in this period slightly surpassed the previous year's, reaching Rs. 882.29 crore. The continued growth solidified the institution's financial health.
2020-21: Contrary to the previous trend, this year recorded a dip with BCCI paying Rs. 844.92 crore in income tax. The main reason behind the dip was the Covid-19 pandemic due to which a number of series were cancelled.
2021-22: This year emerged as a milestone, with the BCCI's tax payment scaling up to Rs. 1,159 crore. This unprecedented jump underscores the board's increasing influence and earning potential in the world of cricket.
Delving deeper into BCCI's income and expenditure metrics, in the fiscal year 2021-22, their revenue touched a staggering Rs. 7,606 crore, nearly a 60% increase compared to the previous fiscal year's revenue of Rs. 4,735 crore. This growth in revenue, coupled with a controlled expenditure of around Rs. 3,064 crore in 2021-22 (marginally lower than Rs. 3,080 crore in 2020-21), reinforces the BCCI's position as a financially robust institution.
The BCCI's fiscal journey over these years not only mirrors its strategic planning and execution but also underscores cricket's indomitable significance in India's socio-economic fabric. The board's monetary contributions and financial health serve as a testament to its prowess and the undying passion for cricket in the country.
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