PM4K NEWS 033: COMMONWEALTH GAMES REVENUE TARGET TOO OPTIMISTIC

Continuing with the PM4K NEWS Series on the Commonwealth Games Project here’s another update.

NEW DELHI: If there is too much pessimism outside the Commonwealth Games Organising Committee (OC), there may also be too much optimism within it. Far from being profitable, as its treasurer A.K. Mattoo suggested last week, or even “revenue neutral”, the OC could fall short of its expected revenues of Rs1,780 crore by as much as Rs450 crore, according to an audit report prepared by the Comptroller and Auditor General (CAG).

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