BCCI triples Ranji Trophy prize money

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The BCCI's working committee approved a raft of decisions Thursday that, when implemented, could improve significantly the state of domestic cricket. The most notable decisions are a massive hike in prize money for the Ranji Trophy and the approval of an umpire's academy.
Winners of the Ranji Trophy will now get Rs 20 million (previously Rs 6.0 million), the runners-up Rs 10 million (previously Rs 3.0 million) and the semi-finalists Rs 5.0 million. To put things in context, the winners in 2005 received all of Rs 0.7 million. This amount also places the Ranji Trophy above the board's corporate tournament, scheduled to be held in the coming season, whose winners will get Rs 10 million.
– Cricinfo