CURRENT AFFAIRS

Detailed explanation-1: -Athletes winning gold medal in the global sports event will be awarded ₹75 lakh. Silver medal winners will be given ₹40 lakh, and bronze medal winner will receive ₹25 lakh.

Detailed explanation-2: -Besides this, the gold medallists in the games would also get a cash award of ₹1.50 crore, whereas ₹75 lakh and ₹50 lakh would be given to those who win silver and bronze medals.

Detailed explanation-3: -Gold Medal Bonus: $110, 000 Team-sport athletes receive smaller bonuses from the National Sports Agency than the $110, 000, $82, 000 and $55, 000 that individual-sport athletes get for gold, silver and bronze medals, respectively.

Detailed explanation-4: -Olympic athletes do not get paid by just attending the Olympic Games. However, if an athlete earns a medal, there is a medal bonus attached to it.

Detailed explanation-5: -How much are Olympic athletes paid for winning gold medals? The United States gives athletes who win gold $37, 500, while one European country awards six figures.