CURRENT AFFAIRS

Detailed explanation-1: -The BCCI this year will earn little over Rs 1, 000 crore from the Indian Premier League (IPL 2022) central sponsorships, Inside Sport reported. This will be record sponsorship revenue generated by BCCI till date in 15 seasons of IPL.

Detailed explanation-2: -Tata Group has replaced Chinese mobile manufacturer Vivo as the title sponsor of the Indian Premier League (IPL) for 2022 and 2023 seasons. Tata will remain the main sponsor as Vivo still has two years in its IPL title sponsorship contract.

Detailed explanation-3: -Title Sponsors: Title sponsors pay lots of money to get their name written right before the word IPL in different seasons. BCCI retains 50% of this sum. The other 50% is distributed among all the Indian Premier League franchises/teams.