The ICC is asking its richest member, the BCCI to compensate it for tax liability incurred by ICC for cricket events hosted in India to the tune of $ 21 million. The ICC gets tax exemptions from all member nations for conducting global events. However, it did not get one for the 2016 T20 World Cup hosted by India. Researchers from a reputed US-based institute have estimated the health and economic costs of crop residue burning and firecracker burning in northern India and have found that it leads to a loss of a staggering 190 billion $ over 5 years, or 1.7% of India’s GDP. The Enforcement Directorate questioned ex MD & CEO of ICICI Bank, Chanda Kochhar for 10 hours on Sunday after raiding her residence in connection with a money-laundering probe on Friday. Residences and Office premises of persons connected with her were also searched and the ED has interrogated those persons as well.
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