Asian Tour's event in India has

prize money slashed by 25%

Indian organisers have slashed the prize money for this month's Asian Tour event by 25 per cent to $300,000 due to upheavals caused by the financial meltdown.
"We have been informed by the sponsors of this," said Professional Golf Tour of India (PGTI) director Padamjit Sandhu.
"I don't think it will have a big impact in terms of participation," he said.
The SAIL Open, scheduled from March 18-21 near New Delhi, was introduced last year as a $400,000 event with New Zealand's Mark Brown winning his maiden title on the tour.
Indian media reported the hardening of the U.S. dollar against the Indian rupee was one of the reasons for the reduction of the prize purse.
"What has been announced is the minimum surety we are ensuring," Indian golfer Amandeep Johl, who is employed by the tournament organisers, told local media.
"Players need to plan schedules, so it was necessary to confirm the tournament," he said.
"But we are still in talks to get co-sponsors and restore the same prize fund."