The ₹12,000-crore Buddh International Circuit in Uttar Pradesh last saw a grand prix in 2013-the third season of the Formula 1 Indian Grand Prix. The following year, F1 left India because of government apathy, which became apparent when the sports minister of the time declared that racing cars was not sports. The world-class circuit lay unused for a decade after that, until the MotoGP Grand Prix of India came along.
At the heart of the F1 issue was a thorny tax problem. Whenever cars are brought into the country, a 200 per cent excise duty is levied. So it makes little sense to bring cars into the country for the sole purpose of racing them for a few days.
Manoj Kumar Singh, chairperson of the state government's promotional agency Invest UP, said a legal bypass was created specially for MotoGP. All bikes were held in two custom-bound areas-one at the airport, where the bikes landed, and another at the racing circuit. En route to the airport and the circuit, the police kept a strict watch on the vehicles.
"When the organisers (FairStreet Sports and Dorna Sports) first approached the government, the chief minister was very excited, especially as this was the first time such an event was being held in India," said Singh.
هذه القصة مأخوذة من طبعة October 08, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 08, 2023 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.