A dancer performs during the launch of the XIX Commonwealth Games at Buckingham Palace in London REUTERS
"The cabinet approved the proposal of the Ministry of Youth Affairs and Sports for providing a revised budget of Rs.1,620 crore, as loan to the Organising Committee (OC) of the Commonwealth Games, 2010, at the prevailing government rate of interest," Information and Broadcasting Minister Ambika Soni told reporters after the cabinet meeting.
Soni said the organising committee hoped that "against the approved revised estimates it is expected to generate a revenue of about Rs.1,708 crore".
Delhi is hosting the 19th Commonwealth Games from Oct 3 to 14, 2010, in 17 sporting disciplines. Competitions will also be held for Elite Athletes with Disability (EAD). Soni said many factors have contributed to increase in the amounts proposed in the revised estimates.
