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The Other Side Of IPL


Prudent

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In Maharashtra, where the nation’s most distressed farmers have been denied the benefit of the ‘farm loan waiver,’ the government is said to waive crores in entertainment tax that the Indian Premier League cricket matches would normally attract. Media reports in Mumbai on this score reckon that means a loss of up to Rs.10 crore in revenue. As even the pro-corporate newspapers of the city point out, the direct beneficiaries would be Mumbai’s millionaires and billionaires. Film stars and corporate bosses who did not find it difficult to spend crores on buying teams and players. That too, for what the media are fond of calling “the world’s richest cricket tournament.†Simply put, if it goes through, they’ll be getting tax waivers on the hiring of cheerleaders, among other things. http://www.hindu.com/2008/05/19/stories/2008051951031000.htm

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