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India beat arch-rivals Pakistan by 54 runs at Sharjah on April 13, 1984, to emerge champions.
Shah said the board will spend around Rs 45 crore for the 2022-23 and 2023-24 seasons.
Shah's extension was proposed by the Sri Lanka Cricket president Shammi Silva for the second time and the nomination was unanimously backed by all the members of the ACC at its annual general meeting in Bali.