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Mumbai: Indian Premier League (IPL) teams Chennai Super Kings (CSK) and Rajasthan Royals (RR) were on Tuesday suspended for two years by the Supreme Court appointed Justice Lodha Committee in the 2013 IPL betting and spot fixing scandal.
Former CSK team official Gurunath Meiyappan and Rajasthan Royals co-owner Raj Kundra were suspended for life from any cricketing activity undertaken by the Board of Control for Cricket in India (BCCI).
The guilty duo were also suspended from any cricket related activity for a period of five years. They were earlier found guilty of betting in the scandal that rocked the lucrative Twenty20 tournament in 2013.
The following timeline traces the scandal that began with the arrests of three Rajasthan Royals players S Sreesanth, Ajit Chandila and Ankeet Chavan.
May 16, 2013: Delhi Police arrest Sreesanth, Ankit Chauhan, Ajit Chandila, Sreesanth’s friend and alleged bookie Jiju Janardhan and 10 other bookies.
May 17, 2013: BCCI suspends former Rajasthan Royals player Amit Singh.
May 18, 2013: Ajit Chandila’s house searched by Delhi Police for more information on the spot fixing case.
May 20, 2013: Rajasthan Royals terminate contracts with the three accused players.
May 21, 2013: Mumbai police arrest actor Vindoo Dara Singh for his alleged links with bookies.
May 23, 2013: Mumbai police team searches Meiyappan’s residence in Chennai.
May 24, 2013: Mumbai police arrest Meiyappan on charges of betting, cheating and conspiracy. India Cements executive president T.S. Raghupathy says Meiyappan was neither the owner, nor CEO/team principal of Chennai Super Kings, only a cricket “enthusiast”.
May 26, 2013: BCCI appoints a three-man commission consisting of Justice T. Jayaram Chouta, Justice R. Balasubramanian and BCCI secretary Sanjay Jagdale to look into the betting charges against Meiyappan.
May 28, 2013: Rajasthan Royals trio Sreesanth, Ajit Chandila and Ankeet Chavan are sent to judicial custody in Tihar. Ankeet Chavan granted bail until June 6 for his marriage.
May 31, 2013: BCCI secretary Sanjay Jagdale and treasurer Ajay Shirke step down.
June 1, 2013: IPL chairman Rajiv Shukla resigns.
June 2, 2013: BCCI president N. Srinivasan steps aside temporarily, Jagmohan Dalmiya takes over as interim president.
June 5, 2013: Kundra is questioned by Delhi Police on the accused players.
June 10, 2013: Kundra suspended by BCCI for indulging in betting. Sreesanth and two others are granted bail by the court.
July 28, 2013: Two-member probe panel rules there is no evidence of any wrongdoing against Kundra, Meiyappan, India Cements and Rajasthan Royals.
July 30, 2013: The Bombay High Court rules the BCCI’s two-man probe panel as illegal, and asks how could it declare everyone innocent without even speaking to police.
August 1, 2013: The Bombay High Court dismisses the findings of the BCCI-appointed probe panel that gave clean chit to Meiyappan and Kundra on the PIL filed by Cricket Association of Bihar secretary Aditya Verma.
August 5, 2013: The BCCI moves the Supreme Court against the Bombay High Court decision.
August 31, 2013: The Supreme Court issues notice to BCCI, N. Srinivasan, his company India Cements – which owns Chennai Super Kings – and Rajasthan Royals on an appeal challenging the Bombay High Court order for not appointing a fresh committee to probe the alleged corruption in IPL.
September 13, 2013: Sreesanth and Chavan benned for life by BCCI while Amit Singh is banned for five years.
September 22, 2013: Mumbai police file charge-sheet against Meiyappan and umpire Asad Rauf based on incriminating evidence against them.
October 8, 2013: The Supreme Court appoints a three-member committee headed by former high court judge Mukul Mudgal.
February 10, 2014: The Mudgal panel finds Meiyappan guilty of betting and passing on team information during IPL 2013. The probe also adds that Meiyappan has been proved to be a team official of Chennai Super Kings.
March 28, 2014: The Supreme Court asks Srinivasan to step down as the BCCI president and names Sunil Gavaskar as the interim chief of the board for IPL-7.
April 16, 2014: The Supreme Court rejects Srinivasan’s request to return to the BCCI fold and reveals that his name features in the inquiry report submitted by the Mudgal Committee.
April 29, 2014: BCCI suggests a three-man committee to the SC to probe IPL scandal.
April 22, 2014: The SC asks the Mudgal Committee to investigate the IPL corruption issue.
May 22, 2014: The Supreme Court declines Srinivasan’s plea to be reinstated as the BCCI president for non-IPL affairs.
June 12, 2014: The SC allows Srinivasan to contest for the top ICC post, decline petition by Cricket Association of Bihar.
July 18, 2014: The Supreme Court relieves Sunil Gavaskar as interim president of BCCI – IPL affairs and says board vice-president Shivlal Yadav will continue in the interim capacity as chief of BCCI for all non-IPL related matters.
November 3, 2014: The Mudgal Committee submits its final report in the IPL corruption case to the Supreme Court.
November 10, 2014: The SC takes up the multiple reports submitted by the Mudgal Committee and postpones the hearing till November 14.
November 11, 2014: The Bombay High Court squashes the conflict of interest PIL against Srinivasan, filed by the Cricket Association of Bihar, challenging two amendments in BCCI rules allegedly to favour Srinivasan.
November 21, 2014: Srinivasan seeks reinstatement as BCCI chief.
November 27, 2014: The SC drops suggestions whether those named in the Mudgal Committee report could keep out of BCCI elections and the CSK franchise could be scrapped.
December 1, 2014: The SC says the onus is on disproving conflict of interest on Srinivasan.
December 9, 2014: The SC proposes a high-powered committee to cleanse cricket.
December 10, 2014: Srinivasan agrees to keep away from the IPL, seeks an SC nod for reinstatement as BCCI president.
December 17, 2014: The SC asks players and administrators with interests not to run the game and reserves order in the alleged betting and spot-fixing scam case.
January 22, 2015: The SC bars Srinivasan from standing for any post in the BCCI.
January 22, 2015: The SC sets up a three-member committee headed by former Chief Justice of India R.M. Lodha to determine appropriate punishments for Meiyappan, Kundra and their respective franchises.
July 11, 2015: The three-member panel says it will announce the quantum of punishment on July 14 for Meiyappan, Kundra and their teams – CSK and Rajasthan Royals respectively – for their involvement in the scandal.
July 14, 2015: Chennai Super Kings and Rajasthan Royals are suspended for two years by the Supreme Court-appointed Justice Lodha Committee. Former CSK team official Gurunath Meiyappan and Rajasthan Royals co-owner Raj Kundra are also suspended for life from BCCI related activity.
By- Blogger Indifi
EMI is known as equated monthly installments. It is a fixed payment made by the borrower each month to repay the loan amount. The EMI is divided into two loan components. One is the principal amount, and the second is the interest amount. Whether you are applying for a personal loan, business loan, home loan, car loan, or education loan, EMIs are easy to calculate using the EMI loan calculator.
Three parameters based on which EMI calculator works:
- Loan amount.
- Repayment tenure.
- Rate of interest (offered by the lender).
Factors that affect the Loan EMIs
Above, we have discussed the main parameters on which loan EMI is based. Here are the factors that affect the EMIs.
Changes in the loan interest rate: There are three loan interest rates -- fixed, floating, and hybrid.
When an interest rate offered on a loan is fixed, in that scenario, there are no changes in the EMIs.
A floating interest rate is linked to the marginal cost of the fund-based lending rate and can change the loan EMIs. As the rate is flexible, it keeps changing per the repo rate.
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If you have taken the loan on a hybrid interest rate, the interest rate is fixed only for a particular tenure. After that, it is on MCLR to decide the interest rate, and based on the determined interest rate, the EMI changes.
Tenure: When you opt for a loan transfer from one lender to another, there may be a possibility of change in the loan tenure. It will also bring changes in the EMI calculations. If the tenure increases, it will decrease the EMI. In case the tenure is reduced, EMI will increase.
Sample loan chart of a business company Image source: wikimedia commons
The loan amount of repayment is also a reason that affects a loan's EMI. If you make a loan prepayment, it reduces the outstanding principal amount, based on which the EMI amount or tenure is changed.
Benefits of using an online EMI calculator:
- Find out exact EMIs to be paid monthly for any loan.
- Saves time.
- Get a detailed overview of loans applied using the amortization schedule.
- Plan your monthly finances well in advance.
You can set multiple schedules and loan tenures. After a detailed schedule comparison, choose the one that suits well with your financial requirements.
Significance of loan amortization schedule in EMI calculator
A loan amortization schedule data shows the EMI break-ups. It shows how much EMI you need to pay for interest and what you will pay as the principal amount. It is one of the most significant advantages of using the EMI calculator. The EMIs that you pay as principal will keep reducing the loan's principal amount. It will also result in decreasing the interest amount. You will get to know all these things when you use the EMI loan calculator frequently. The amortization schedule is one of the essential features of an EMI loan calculator that helps design the proper prepayment schedule.
The different types of EMI calculators
Home loan EMI calculator
Home loans are one of the most popular and common loans applied for in India. It has a long tenure and a sizable principal amount. Whenever you apply for a home loan, it is essential to do all the EMI calculations in advance. There are various home loan EMI calculators available online with every home loan provider. All that is required to calculate the EMI is the loan amount, tenure, and interest rate. Using a home loan EMI calculator can help you easily plan your finances.
Business loan EMI calculator
Like home loans, business loans also come with a massive principal amount and longer tenures. So, using the business loan online EMI calculator is a smart way to calculate the business loan EMIs. Requirements are the essential loan details, such as repayment tenure, interest rate, and the loan amount. Online, equated monthly installment is automatically calculated at the lender's website.
Personal loan EMI Calculator
Personal loans are multipurpose. It is the reason they are considered as the most applied loan to meet immediate financial requirements. For choosing the right loan amount, you must use the personal loan EMI calculator. It will help you to choose the best interest rate loan offer and tenure. Try to go with the shorter term to pay less interest on the principal amount.
Sample of External Loan amounts Image source: wikimedia commons
Education loan EMI calculator
Education costs increase each year and can cause financial strains on a family. If you are planning to send your child overseas for higher education by applying for an education loan, at that time, the EMI calculator proves to be the best online financial tool. It will help you to decide the right EMI amount where your daily expenses remain unaffected.
Simple interest loan EMI calculator
An EMI calculator is used to calculate the simple interest applicable on the loan amount for a specified tenure. It is one of the most accessible financial tools. All that is required is tenure, a simple interest rate, and the borrowed amount. After that, click on 'calculate' to know the exact EMI to be paid.
Loan against property EMI calculator
If you have any residential or commercial property registered in your name, you can apply for a loan against the property. It is a kind of secured loan, where the property is kept as collateral. To understand how EMI works under this loan scheme, use the loan against the property EMI calculator.
Overall, EMI loan calculators are one of the best financial tools to compare varied loan offers. It provides a clear picture of the total cost of the loan and respective EMIs to be paid monthly. Online EMI calculators are available on every lender's website; whether you are applying for a business loan online, home loan, car loan, personal loan, or any other loan, using the online EMI calculator can help. Just with a click of a mouse, you can keep control of your financial life.
The online EMI loan calculator has been programmed with the formula based on the loan applied. There is no need to worry about the accuracy of the result. All that you are required to share for the calculator to do its job accurately is the right amount, tenure, and interest rate offered by the lender.
Disclaimer: (This article is sponsored and include some commercial links)
The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.
The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.
Austria, France, Latvia, Spain, Germany, and Russia are amongst the many countries that have banned the display and use of the Swastika.
Moreover, last week Victoria in Australia is preparing to become the first-ever state to ban the public display of the Swastika. This is a step towards an expansion of anti-vilification laws in the state.
Representation of the Swastika on the flag of Adolf Hitler's Nazi Movement.Photo by Flickr.
Now, we must know and understand what went wrong with this symbol, which is sacred and signifies all-good things.
For a very, very long time, in India, the Swastika is the first emblem that is worshipped or even drawn before any sacred and auspicious ceremonies as this symbol in Sanskrit represents 'well-being'. But, the Swastika lost all its credibility when it was wrongfully used by Adolf Hitler.
In fact, it is believed that if this symbol is worshipped properly, then it gives positive results. But if it is abused, then it gives negative results. So, when Adolf Hitler rotated the Swastika at 45 degrees, it slowly and steadily brought misery not only to Adolf Hitler and his theory of Nazism but also to all the people who were associated with him.
Therefore, in order to give the kind of respect and credibility which the Swastika deserves, World Interfaith Harmony Week which was held in New York in February this year, interfaith groups appealed to the United Nations to recognize and acknowledge the Swastika as an important and peaceful symbol. In fact, they also differentiated it from the Hakenkreuz or "Hooked Cross" of Adolf Hitler.
India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.
Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.
In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018. | Wikimedia Commons
Chopra's first international medal came in 2014, as he took home a silver medal at the Youth Olympic Qualification Tournament in Bangkok. In 2015, he set a world record in the junior category of 81.04 meters in the 2015 All India Inter-University Athletics Meet.
Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance, setting an Under-20 world record of 86.48m, which still stands. Gold medals in both the 2018 Commonwealth Games and the 2018 Asian Games are among his other accomplishments, including a first-place in the 2017 Asian Championships. In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018.
Chopra has also had his share of bad events in life. In 2019, he underwent surgery on the elbow of his right throwing arm, which kept him out of the game for almost a year. However, he returned more robust than ever. In November 2019, he went to South Africa to train from Klaus Bartoneitz. He spent the following year in India training at the NIS Patiala because of the COVID-19 pandemic. He was allowed to go to France with his coach after weeks of trying to get a travel visa.
Neeraj Chopra made history in the 2020 Tokyo Olympics by becoming the first Indian to win a gold medal in athletics. Also, it is worth mentioning that after Abhinav Bindra, Chopra is only the second Indian to win an individual gold medal.
Keywords: Neeraj Chopra, Olympics, Tokyo2020, Gold medal, javelin, India, Haryana