Live
- Governor expresses grief over demise of Ramamurthy Naidu
- Free coaching to be provided at BC Study Circles in 26 dists
- Previous TTD board looted pilgrims’ money, slams Bhanu
- Will order a detailed probe into TIDCO irregularities: Narayana
- Naidu all praise for Modi
- Indian students' concerns about employment, safety, and visas discourage them from applying to UK universities
- Candlelight Concerts Makes a Dazzling Debut in Hyderabad with Sold-Out 'Tribute to Coldplay' Show
- Shubman Gill Sustains Thumb Injury Ahead of Perth Test; Devdutt Padikkal Joins Test Squad
- Unlock Loot Boxes, Diamonds, Skins, and More Exciting Rewards with Garena Free Fire Max Redeem Codes for November 16
- Regarding the DOGE Plan, Vivek Ramaswamy stated, "Elon Musk and I Will Take a Chainsaw to Bureaucracy"
SC notice to BCCI on e-auction of IPL's media rights
The Supreme Court on Friday issued notice to the BCCI on BJP leader Subramanian Swamy\'s plea to seek an e-auction of the media rights for the Indian Premier League (IPL) for more transparency.
The Supreme Court on Friday issued notice to the BCCI on BJP leader Subramanian Swamy's plea to seek an e-auction of the media rights for the Indian Premier League (IPL) for more transparency.
A bench headed by Justice Dipak Misra sought a response from the Board of Control for Cricket in India (BCCI) within two weeks and posted the matter for August 24.
The auction process for IPL media rights is scheduled to begin on August 17. The rights would be in force for five years.
Swamy said the apex court has earlier held that e-auction is the best method for awarding contracts.
The Bharatiya Janata Party leader said since an amount of Rs 30,000 crore was involved in the award of IPL media rights, the issue should not be decided in an opaque manner.
"There is a requirement of non-discriminatory and transparent method, (in line) with the best international practices, to be adopted for distribution of valuable media rights so as to ensure maximum revenue in the larger national interest," he pleaded.
"The commercial interests and huge money is involved, amounting to Rs 25,000 crore to Rs 30,000 crore, in the valuable rights associated with the game of cricket in India, which makes it mandatory to have a robust, completely transparent auction method to maximise revenue and prevent vested interest from making undue gains," Swamy added.
