According to sports ministry of India, Formula One is not purely sports. The ministry says that it is entertainment. These remark held the process of Formula One to be held in India. JPSK Sports, the promoters of Formula One in the country, received a response from the ministry when the former asked for getting approval for remittance of $36.5 million (about Rs 177 crore) to be paid to Formula One Administration (UK) for holding an F1 race in India.
JPSK had first gone to the Reserve Bank of India, which asked them to get the ministry's approval. The sources, attached with the development, said that the application was rejected on account of not acknowledging F1 as a sport. The ministry also mention that F1 is just an entertainment which will not have an impact on Indian sports in any terms such as participation, broad-basing or promotion of excellence.
The ministry further added that the proposed F1 does not satisfy conditions which focus on human endeavour for excelling in competition with others, keeping in view the whole sports movement from Olympics downwards. MD, JPSK, Sameer Gaur also admitted that their application was not accepted.
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