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Tirumala Tirupati Devasthanams
TIRUPATI: Tirumala Tirupati Devasthanams (TTD), the the richest temple in the world The trust that runs the Sri Venkateswara temple in Tirumala, which has lost Rs 400 million in revenue during the shutdown, now does not have enough cash to pay wages and cover daily expenses.
Authorities said the trust had already spent nearly Rs 300 million on salaries, pensions and other fixed expenses during the shutdown thus far and was deliberating ways to resolve the crisis without having to touch the eight tons of gold reserve and fixed deposits. Rs 14,000 million.
The temple has been closed in view of the closure for the past 50 days and it is unclear when it will reopen for public worship.
‘‘ TTD is obligated to pay wages and pensions and has a set of other fixed expenses that you have to incur regardless of whether your income reaches the fund. TTD has a fixed annual expenditure of almost Rs 2.5 billion under different heads, ”said TTD President YV Subba Reddy.
Reddy said that although the average monthly income in Tirumala was around Rs 200-220 million, there has been no income since the closing as the temple has been closed to devotees.
TTD approved an annual budget of more than Rs 3 billion
Authorities said the temple draws 80,000 to 100,000 devotees daily, while fever rises during festival seasons.
Although devotees are not allowed, all daily and weekly rituals and festivals are being observed without any deviation according to prescribed agamas.
The TTD had decided on an annual budget of Rs 3,309.89 million for the financial year 2020-21. But since March 20 it has suffered an estimated loss in sink collections of only Rs 150-175 crore.
Other income in the form of ticket sales for Jdarshan and arjitha sevas, prasadams, accommodation and donations have also dried up.
With the salary and other allowances for 2020-21 set at Rs 1,385.09 crore, TTD has to shell out approximately Rs 120 crore every month, even during the blockade. In addition, the TTD has to extend financial support in the form of grants of nearly Rs 400 million to SVIMS, BIRRD and other health institutions administered by it.
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