Highlights of Union budget 2018

UNION BUDGET 2018 HIGHLIGHTS:

 Personal Income Tax rates unchanged; Rs. 40k standard deduction in lieu of present exemption to salaried people.

 Senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium.

 Companies with turnover of upto Rs. 250 cr to be taxed at 25%.

 100% tax deduction for first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above.

 MP salaries to be revised with effect from 1 April, 2018. It will increase every 5 years indexed to inflation.

 Emoluments of President to be revised to Rs 5 lakh per month and emoluments of Vice-president to be revised to Rs 4 lakh per month.

 Rs 80,000 crore disinvestment target for 2018-19; target for 2017-18 exceeded and will reach Rs 1 lakh crore.

 Regional Connectivity Scheme 'UDAN' shall connect 56 unserved airports and 31 helipads in the country.

 Mission on cyber space will be launched in support of establishment of centres of excellence

 No change in railway fares.

Railway stations with more than 25,000 footfalls will have escalators; trains will have WiFi and CCTV services. Redevelopment of 600 major railway stations taken up; Mumbai transport system being expanded; suburban network of 160 km planned for Bengaluru.

 Cleaning of river Ganga is of national importance, have sanctioned 187 projects under Namami Gange scheme.

 Ujjwala Yojana helped millions of poor get free LPG connection.

 Govt will contribute 12% of wages of new employees in EPF for all sectors for the next 3 years. Women contribution to EPF reduced to 8% for first 3 years of employment

 76% of loan accounts are of women and more than 50% belong to SC, ST and OBC under the Mudra Yojana. Rs 3 lakh crore will be lent under Mudra Yojana in 2018-19.

 Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab, UP and Delhi NCT to address it and subsidize machinery for management of crop residue.

 Govt plans to construct 2 crore more toilets under swachhbharat Mission.

 Govt. to initiate integration of B.Ed programme for teachers; Centre to start Eklavya schools for ST population.

 Scheme for revitalizing school infrastructure, with an allocation of 1 lakh crore rupees over four years. Called RISE - Revitalizing Infrastructure in School Education

 Govt to set up fishery & aquaculture infrastructure fund; also to set up animal husbandry infrastructure fund with a total corpus of Rs. 10,000 crore.

 MSP of crops shall be increased to 1.5 times that of the production cost.

 Providing upto 5 lakh rupees per family per year for medical reimbursement, under National Health Protection Scheme. This will be world's largest health protection scheme.

 Government to take all steps to eliminate use of crypto currencies which are being used to fund illegitimate transactions.

 National Insurance Co, Oriental Insurance Co and United Assurance Co to be merged into one entity and subsequently listed.

 Long-term capital gains exceeding Rs. 1 lakh to be taxed at the rate of 10%. Short term capital tax remains at 15%.

 Education and health cess to be increased from 3% to 4%.

Latest news from IPL

The Indian Premier League Governing Council along with the Committee of Administrators (CoA) met in New Delhi on Wednesday to discuss IPL Player retention policy, salary cap, player regulations and other related issues.
The IPL GC decided the following –

(A). Player Retention Policy

An IPL Franchise is eligible to secure up to 5 players by virtue of a combination of Player Retention (Pre Player Auction) and Right to Match (RTM) (During the Player Auction).



• A maximum of either 3 retention or 3 RTM at the discretion of the franchises

• If there is no retention before player auction then franchises can have up to 3 RTM


Following will apply irrespective of player retention or RTM –


Maximum number of 3 Capped Indian players.

Maximum number of 2 Overseas players.

Maximum number of 2 Uncapped Indian players.


The player pool available for CSK and RR for retention/RTM will be the players’ who played for them respectively in IPL 2015 and who were part of RPS and GL squads in IPL 2017.


(B). Salary Cap


2018 – INR 80 Crore

2019 – INR 82 Crore

2020 – INR 85 Crore


The minimum spend will be 75 per cent of the salary cap for each season.


(C). Player Retention Price Guideline

(i) Option 1

3 players retained pre- auction	Salary Cap Charged Rs. Cr
Player 1	15
Player 2	11
Player 3	7

(ii) Option 2

2 players retained pre- auction	Salary Cap Charged Rs. Cr
Player 1	12.5
Player 2	8.5

(iii) Option 3

1 player retained pre- auction	Salary Cap Charged Rs. Cr
Player 1	12.5

Uncapped players INR 3 crore per player.


The deduction from salary purse in case of retention will be determined on the basis of guideline price or actual price (whichever is higher).


(D). Minimum Auction Reserve Price

Uncapped Players
Earlier Reserve Price	New Reserve Price
INR 10 lakh	INR 20 lakh
INR 20 lakh	INR 30 lakh
INR 30 lakh	INR 40 lakh
Capped Players
Earlier Reserve Price	New Reserve Price
INR 30 lakh	INR 50 lakh
INR 50 lakh	INR 75 lakh
INR 1 cr	INR 1 cr
INR 1.5 cr	INR 1.5 cr
INR 2 cr	INR 2 cr

(E). Franchise Squad Size


A maximum of 25 players (up to 8 overseas) and a minimum of 18 players.


The meeting was chaired by IPL Chairman Mr Rajeev Shukla and attended by Hon’ble Supreme Court of India appointed Committee of Administrators (CoA).

Top 5 Best IPL Teams in India

IPL which remains for the Indian Premier League is a major brand in the present time in the International Cricket. Each and every cricket who plays for either group from different parts of the world needs to play in this money rich competition. IPL was begun by the Board for Control of Cricket in India (BCCI) in the year 2008 with Lalit Modi as its Chairman and Commissioner. With the immense achievement that this competition got in its inaugural year, it has turned out to be one of the standard occasions in International cricket. This year it is the 6th release of this competition and there is one group which has been included as of late named as Sunrisers Hyderabad. Here we have arranged a rundown which demonstrates the most grounded groups in this release of the Indian Premier League. The topmost loved is the group driven by the Indian captain CSK.








1) Chennai Super Kings

In the 2013 release of the Indian Premier League, the most grounded group is none other than the group driven by the Indian Skipper Mahendra Singh Dhoni. Chennai Super Kings. This group is possessed by the India Cements Limited and was shaped in the year 2008 when the Indian Premier League was propelled. The mentor of this group is Stephen Fleming and they have their home ground situated in the city of Chennai named as M. A. Chidambaram Stadium which has the sitting limit of 50,000. Knocking down some pins mentor of this group is Andy Bichel and the handling mentor is Steve Rixon. This is the main group in the entire IPL history which has figured out how to win the consecutive IPL titles for two back to back years. They did this in the year 2010 and in 2011. Some of its star players are Suresh Raina, Albie Morkel, Ravindra Jadeja, R Ashwin and Dwayne Bravo. Cris Morris is an extraordinary find for CSK. This is the main group which figured out how to fit the bill for all the five Ipls and they are practically fit the bill for the 6th time. 1-time semi-finalist, 4-time finalist, and 2 times runner-up and 2 times CHAMPS.


2) Mumbai Indians





Mumbai Indians who are situated in the city of Mumbai, Maharashtra. This group has a place with the organization named as the IndiaWin Sports Pvt Ltd. In this release, the mentor of this group is John Wright and the captain of this group is Australian awesome Ricky Ponting, who is likewise one of the best chiefs of cricket history. The best season for this group was in the year 2010 when they were the runners-up. This group is most grounded as they have Sachin Tendulkar, Ricky Ponting, Rohit Sharma, Harbhajan Singh and Kieron Pollard. In the current year’s IPL this group has two home grounds and they are Wankhede Stadium which has the limit of 35,341 and DY Patil Stadium which has the limit of 55,646. Mrs. Nita Ambani is the CEO of this group.


3) Royal Challengers Bangalore

Claimed by the organization named as the Royal Challengers Sports Private Ltd, the group which we have at the number third place in this rundown is Royal Challengers Bangalore. The commander of this group is youthful Virat Kohli who has been one of the steady entertainers in the entire Indian Premier League. The mentor of this group which is situated in Bengaluru is Ray Jennings and the rocking the bowling alley mentor of this group is Venkatesh Prasad. The best IPL execution of this group was in the year 2009 and again in the year 2011 when they achieved the finals of the Indian Premier League. The home ground of this IPL establishment is M. Chinnaswamy Stadium which is in the city of Bengaluru and has the sitting limit of around 40,000. This group was established in the year 2008 and a portion of the star players are Chris Gayle, AB de Villiers, and Virat Kohli.


4) Rising Pune Supergiant



The Rising Pune Supergiant (often abbreviated as RPS) was a franchise cricket team based in Pune, Maharashtra, that played in the 2016,2017.

The Rising Pune Supergiant franchise is owned by RP Sanjiv Goenka Groupe controlled by Sanjiv Goenka The team name was announced (as Rising Pune Supergiants) on 18 January 2016 by Goenka in Kolkata and Raghu Iyer was appointed CEO The owners changed the team name to Rising Pune Supergiant on 26 March 2017. The team lost the 2017 IPL Final to Mumbai Indians by 1 run, which was the team's last game in the IPL.

5) Kolkata Knight Riders




The Kolkata Knight Riders (also known by the acronym KKR) are a franchise cricket team representing the city of Kolkata in the Indian Premier League. The franchise is owned by Bollywood actor Shah Rukh Khan, actress Juhi Chawla and her spouse Jay Mehta. The team is currently captained by Gautam Gambhir and coached by Jacques Kallis. The home of the Knight Riders is Eden Gardens, the largest cricket stadium in India and the second largest in the world by seating capacity.
Although the team has gained immense popularity due to its association with celebrity owners, it was surrounded by controversy and poor on-field performance through the first three years of the tournament. The team's performance, however, improved from the fourth season as it qualified for the IPL playoffs as well as the now-defunct Champions League Twenty20. They eventually became the IPL champions for the first time in 2012, by defeating Chennai Super Kings in the final and repeated the feat in 2014, defeating Kings XI Punjab. The Knight Riders hold the record for the longest winning streak by any Indian team in T20s (14).

Top 5 Upcoming International Tournaments of Cricket

        

   Hello, Everyone Today I am going to share some interesting facts on the Top Five Upcoming International Tournaments of Cricket. Over the years of this game has become an intoxication to all the cricket buffs and the sports lovers too. There are now the innumerable great cricket players and the youngsters taking part in the different international competitions and the tournaments of the cricket throughout the world. This article highlights the Top Five Upcoming and the most popular cricket tournaments that every player has the dreams and aspires to win the game.

1) ICC Cricket World cup

The ICC Cricket World Cup is the most prestigious and honorable tournament and also the biggest cricket bash, This World Cup is taking place once in every 4 years, and it is also the home of the best matches in world cups. This is the world’s most viewed cricket event. Meanwhile, the ICC claims it as the biggest and of course the number one event in the Cricket and it is having a good number of matches. This event has four stages, namely- Super 8, 6, semifinals and also finals. The Teams put their utmost effort on this event’s Cricket’s best trophy and the tournament. Every cricket player has aspired to win the game and every cricket lover has the dreams to their country to hold.

2) Champion League T20 

This is also a popular as the CLT20. This is one of the most famous global cricket tournaments in the domestic level cricket. Every year the top player played the cricketing nations participate in this tournament. This tournament is owned by the three countries called to be BCCI, Cricket Australia and the Cricket South Africa. All these domestic teams were involving the young and the experienced players who can fight with the other team. It is such a grand spectacle with the teams to giving the fine performance here. In the simple words, it is the next level or next step of the IPL to play. This tournament is the newly emerged tournament which will, of course, need some of the time to establish itself.

3) Asia Cup

As per the name suggests it is just like a world cup with all the Asian countries like the India, Pakistan, Sri Lanka, Bangladesh and UAE, etc. It is quite a popular cricket fixture, this is an initiative by the Asian Cricket Council and it is started in the year of 1984. It’s been the largest ever tournament of the Asian continent so far, and it also has already witnessed the some of the most heated moments in the India vs Pakistan Cricket. It did not take any place twice so far due to the political reasons and the relations among the nations at that time. Hence, this is rather a restricted world cup tournament for all the Asian countries, but one of the Top Five Most Popular Cricket Tournaments in the whole world.

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4) Ashes

The Ashes is a Test cricket series played between England and Australia.

An Ashes series is traditionally of five Tests, hosted in turn by England and Australia at least once every two years. Australia and England have won 32 series each and five series have been drawn

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5) Champion Trophy

The ICC Champions Trophy is a one day international (ODI)Cricket tournament organized by the ICC, second in importance only to the Cricket World Cup

Interesting Facts about Indian Cricket

1. M.S. Dhoni holds the world record of 6 dismissals by a wicketkeeper in a single match. He made this record in 2007 against England.
2. Sourav Ganguly is the only Indian player to hit a ton in the knockout match of a world cup
3. Cricket was first time played in India in 1848. That means 165 years from now
4. Gundappa Vishwanath, Mohammed Azharuddin and Sourav Ganguly, Sehwag, Shikhar dhawan are the 5 Indian Cricketers to score a century in their debut match. 
5. Bhagwat Chandrasekhar is the only cricketer in Indian History who has record of taking more wickets than making runs in his career. He took 242 wickets and made only 177 runs in his test career.
6. Iftikhar Ali Khan Pataudi was the only Indian Cricketer to have played for two countries. He played for both India and England. (He is the grandfather of Saif Ali Khan.)
7. The highest scores by Virender Sehwag are 119, 219 and 319 in T20, ODI and test matches respectively. 
8. Bhausaheb Nimbalkar could not break the world record of 452 runs scored by Bradman because he had to go for his marriage. Actually, he had made 432 runs before the final day and he had to go for his marriage on the last day. So, he could not break the record.
9. Indian Team is the only one to have won world cups of 60 overs, 50 overs and 20 overs.