India's first Grand Prix was a success in terms of response from international community. Jaypee group proved their capability in developing infrastructure.
There are many controversies about the event. Some farmers were forced to surrender land for the project at cheaper than market rate. But that is a small issue compared to commonwealth games. Govt. wasted huge amount of public money for commonwealth games. Govt. should stop spending public money for events like commonwealth games. Reduction of agricultural land due to events like Grand prix will cause high inflation. The solution for this is encorage family planning and not banning such events.
Another allegation is that the event wasted huge subsidized petrol. But the fact is oil subsidy( especially for petrol ) is very less compared to tax. So Govt. is earning tax for every drop of oil wasted.
The promoters of the event asked Govt. to reduce tax. I am also against tax reduction for high profile games. But it is not as bad as Govt. spending public money for useless events like commonwealth games. Some state governments gave tax excemptions for IPL matches. A large number of people in India spend money for watching cricket matches. But only few people get money from cricket in India. Why can't Govt use excess money of BCCI for welfare of people?
Almost 99% money spend by Govt. for sports is of no use. Many people enter into sports with an intension to get Govt. job in sports quota. Many sports personalities like Viswanathan Anand, Abhinav Bindra, leander paes etc who made us proud achieved that without any Govt. aid.
So Govt. should reduce spending public money for sports activities. Govt. should encorage private companies to organize events like Grand Prix and earn tax. This will help Govt. to reduce tax burden from people.
