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The development comes at a time when several wrestlers are protesting at Jantar Mantar demanding the sacking and arrest of WFI president and BJP MP Brij Bhushan Sharan Singh over charges of sexual harassment of women grapplers.
The Mission Olympic Cell also approved the proposal of judoka Linthoi Chanambam towards foreign training-cum-competitions in Georgia and Poland.
The ministry extended the deadline following requests from the committee members and now it will submit its report by March 9.
An amount of Rs 20 crore has been provided for upgradation and capacity development of G V Raja Sports School, Thiruvananthapuram, and Sports Division, Kannur.
The newly formed five-member oversight committee selected 12 women, 11 Greco-Roman and 13 male freestyle wrestlers for the the Ranking Series-opener.
The government decided to form an oversight committee which will investigate the allegations of sexual harassment of women wrestlers by the WFI president.
The marathon meeting began around 10 pm on Thursday, the second day of the wrestlers' protest against WFI president Brij Bhushan Sharan Singh.
The sports minister said his government would consult the IOA and prepare a roadmap ahead of the IOC session in Mumbai next year.
Sports Minister V Abdurahiman, who represents the Tanur assembly constituency, has met the trio and assured full support from the state government to help them realise their dreams.
The second edition of the Road Safety World Series will start on September 10.