The OC signed a sponsorship trot out Central Bank finally however ending a briefing with Andhra Bank that handled the committee's account for nearly 5 years. the cash was transferred to Central Bank however unusually, OC selected to not avail of short-term deposits to earn interest and kept the cash in a very current account.
With the Games organizers not even earning the speed for a savings account, the grants from the govt lay idle. the ultimate Rs 700 crore budget increase approved by the cupboard last year was transferred in tranches to the OC account. whereas the organizers are to come the cash, their finances don't hold out such a prospect.
Central Bank appears to own earned by manner of spot placements at venues and alternative publicity for the Rs fifty crore it paid the Games committee however officers are questioning simply how the deal worked for the organisers. A committee has written to the govt asking finance ministry and therefore the cupboard secretary concerning the bank's dealings. Central Bank branches were used for price ticket sales and these remained problematic throughout the Games. The vending was slow and long lines designed up at the counters whereas distribution of complimentaries remained unaccounted for.
