March 1, 2021

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Tirupati temple belief loses 400 crore; struggles to pay salaries to employees

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Tirupati temple trust loses 400 crore; struggles to pay salaries to staff
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Tirupati temple belief loses 400 crore; struggles to pay salaries to employees

Tirumala Tirupati Devasthanams (TTD) on Sunday revealed that the belief has misplaced Rs 400 crore of income because of the coronavirus lockdown because the temple is closed for over 50 days within the wake of COVID-19 unfold within the nation. The temple that draws 80,000 to 100,000 devotees every day, has not seen a single devotee for about two months because of which its income has hit the all-time low. 

The temple belief is operating out of cash and it doesn’t have sufficient money both to pay salaries to its employees or to satisfy the every day bills. 

As per a report printed by The Occasions of India, the world’s richest belief has spent round Rs 300 crore on paying salaries, pensions, and different mounted bills already. It’s now discovering methods to resolve the disaster “with out having to the touch” its eight tonnes of gold reserve and Rs 14,000 crore mounted deposits. 

TOI quoted TTD chairman YV Subba Reddy as saying, ‘‘TTD is obligated to pay salaries and pensions and has a set of different mounted bills which it has to incur regardless of its revenues hitting all-time low. TTD has a hard and fast annual expenditure of almost Rs 2,500 crore underneath totally different heads.”

Often, the TTD belief’s common month-to-month earnings used to face round Rs 200-220 crore whereas post-lockdown, the temple has raised no income because the its has been closed to devotees. 

Regardless of no pilgrims, all every day and weekly rituals together with the festivals are being noticed as per the prescribed agamas, with none deviations. 

For the monetary 12 months 2020-21, the Tirumala Tirupati temple belief has selected an annual finances of Rs 3,309.89 crore. After the closure of the Tirupati temple for devotees, the belief has suffered an estimated loss in hundi collections alone of Rs 150-175 crore.

Apart from that, the belief witnessed a dip within the sale of darshan tickets and arjitha sevas, prasadams, lodging, and donations.

With wage and different allowances for 2020-21 pegged at Rs 1,385.09 crore, TTD has to shell out roughly Rs 120 crore in direction of it each month even throughout the lockdown. 

As well as, the TTD has to increase monetary help within the type of grants of almost 400 crore to SVIMS, BIRRD, and different healthcare establishments run by it. 

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