Paranjape was removed from his post last January as per Lodha Committee diktat which did not allow non-Test cricketers to be national selectors.
Accordingly, Paranjape and Gagan Khoda, who have only played ODIs for India, had to leave the selection panel which was then pruned to three.
However, the BCCI recently uploaded on its website in the payments above Rs 25 lakh section that Paranjape has been remunerated for non-working period.
"Now it wasn't Paranjape's fault that he had to quit the panel. So for the seven month period, we had to pay him despite not procuring his services. It was case where his livelihood was getting affected when it was not his mistake," the official added.
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The BCCI had also made payments to all the franchises in the range of approximately Rs 12 crore to Rs 14 crore.
Bhuvneshwar Kumar and Rohit Sharma were paid Rs 83.68 and Rs 75.97 lakh respectively for the away tour of Sri Lanka.
Cheteshwar Pujara was paid to the tune of Rs 66 lakh while Yuvraj Singh was paid Rs 35.45 lakh for the tour of West Indies.