The increase came as a result of negotiations between the company and the Board of Cricket Control for Cricket in India, for renewal of the three-year contract the Calcutta-based tobacco giant had signed.

As per the agreement, the BCCI will retain 40 per cent of the sponsorship, while distributing the remaining 60 per cent among the players. Under the new terms, each player who represents India in a one-dayer will receive as his remuneration per match Rs 60,000, as against the previous Rs 20,000.

An even more dramatic increase is seen in Test match remuneration - thus, a Test player who earliler received Rs 23,000 per fiveday Test will now get Rs 80,000.

The new agreement will be approved by the working committee of the BCCI when it meets in Vishakapattinam this weekend.

The new financial terms will become effective beginning with the home series of four Tests - one against Australia and three against South Africa, followed by a triangular world series oneday tournament featuring India, Australia and South Africa.

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