Vinod Rai-led panel urges Supreme Court to implement new funding policy for BCCI
The Vinod Rai-led Committee of Administrators, in its report, has highlighted the need for the BCCI to adopt the new disbursement policy for its state associations without which the objective to achieve the reforms would remain incomplete.cricket Updated: Aug 17, 2017 23:32 IST
The Committee of Administrators (CoA) in its fifth status report has urged the Supreme Court, which is set to hear the matter on Friday, to look into the new fund-disbursement policy prepared by audit firm Deloitte in consultation with CoA chief Vinod Rai and ex-CoA member Vikram Limaye.
The CoA, in its report, has highlighted the need for the BCCI to adopt the new disbursement policy for its state associations without which the objective to achieve the reforms would remain incomplete.
“Adoption of the new disbursement policy by the BCCI is one such reform, which is aimed at ensuring proper allocation of funds to the state associations based on need/requirement and with appropriate checks in place to ensure proper utilisation and reporting by the state associations,” the COA has stated in its report.
“Currently, every full member (of the BCCI) gets an equal amount from the BCCI irrespective of need/requirement. This policy also discourages existing full members from admitting new full members because the more the number of full members, the lesser the amount that each full member gets. Accordingly, there is a need to adopt the new fund disbursement policy to make the BCCI more inclusive, especially since a majority of the North Eastern states (i.e. other than Assam and Tripura which are full members) do not receive any funds under the current fund disbursement policy,” the report added.
The new fund disbursement policy will add to the accountability of state associations. According to the policy, the disbursements would be based on Fixed Amounts Due to Associations (FADA) and Variable Amounts Due to Associations (VADA). FADA amount will be payable to all members (full and associate) after approval from the BCCI general body. VADA will be payable on achievement of various parameters stipulated by the BCCI after approval of the apex council.
While FADA will be disbursed only after receiving audited financial statement, statement of utilisation of funds and responses to the compliance audit report provided by the BCCI auditors, VADA’s entitlement has clear criteria for disbursement to take place. There are various categories like green (satisfactory), amber (need improvement) and red (not satisfactory) which would decide whether a state association is entitled to 100%, 50% or no entitlement under the category.
Expectedly, the BCCI special general meeting on July 26 had refused to adopt the new policy.
First Published: Aug 17, 2017 23:32 IST