November 22, 2024 12:28 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi bestowed Dominica's highest award at India-CARICOM Summit | 69-year-old Delhi man, a St. Stephen's alumnus, arrested for conning govt officers by posing as ex-IPS | 'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani | AAP's first list of candidates for Delhi polls feature six turncoats | PM Modi is incapable to arrest Gautam Adani: Rahul Gandhi after tycoon charged with bribery and fraud in the US
Tirupati Temple declares assets, says it has Rs 15,900 crore in cash and 10 tonnes of gold: Report
Tirupati
Image Credit: tirumala.org

Tirupati Temple declares assets, says it has Rs 15,900 crore in cash and 10 tonnes of gold: Report

| @indiablooms | 06 Nov 2022, 03:06 pm

Tirumala Tirupati Devasthanams (TTD) has released a white paper declaring the list of assets, including gold deposits and fixed deposits, media reports said.

The report, released on Saturday, underscored that the TTD has strengthened its investment guidelines since 2019, NDTV reported.

The trust also dismissed social media reports that the TTD chairman and the board have decided to invest surplus funds in the Securities of the Andhra Pradesh government.

The trust says the surplus amounts are invested in scheduled banks.

In a press release, TTD said (when translated from Telugu): "Devotees of Srivari are requested not to believe such conspiratorial false propaganda. Cash and gold deposits made by TTD in various banks are done in a very transparent manner."

It has 10.3 tonnes of gold deposits in nationalised banks worth more than Rs 5,300 crore, the trust said, according to the report.

It has a cash deposit of Rs 15,938 crore, it added.

TTD pegged the total worth of its assets at Rs 2.26 lakh crore, reported Times of India.

"TTD's investments in the form of fixed deposits in various banks in 2019 was 13,025 crore, which has now increased to 15,938 crores. In the last three years, the investment increased by 2,900 crores," Reddy told the publication.

TOI also reported that the temple assets include 960 properties spread over 7,123 acres across India.

Donations by the devotees, businesses, and institutions comprise TTD's sources of income.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.