World richest temple

The trust said that the surplus amounts are invested in scheduled banks. "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," Tirumala Tirupati Devasthanams said in a press statement "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 ($19.44 billion). In the last three years, the investment increased by 2,900 crores ($3.5 billion)," AV Dharma Reddy, TTD executive officer, was quoted as saying by The Times of India.

We all know the devastating effects that the coronavirus pandemic is causing on people and businesses around us. Businesses both big and small are crumbling due to halt in economic activities. But news has it that even the richest temple in the world is facing a financial crisis due to the lockdown! Yes, you heard that right! The Sri Venkateswara Temple at Tirumala, Andhra Pradesh, is reportedly going through its worst financial crisis in decades all thanks to the lockdown. Picture Credits: thenewsminute.com World’s Richest Temple Faces Worst Financial Crisis In Decades According to a Times Of India report, the Tirumala Tirupati Devasthanams (TTD) has lost its revenue of INR 400 crore because of the ongoing lockdown in the country. The temple attracts nearly 1 lakh devotees on a daily basis, and even more during festivals and special occasions. However, since it has not opened its doors to the public for the past 50 days, its revenue has touched rock bottom. And not just that, the richest temple in the world reportedly has no money left to meet its daily expenditure as well as pay the salaries of the 23,000 people it employs. While the temple has INR 14000 crore worth of fixed deposits and eight tons of gold reserve as assets, it prefers not to touch these and is trying to sail through the crisis through other means. Picture Credits: thenewsminute.com Also Read: Tirumala Temple Spends A Whopping 2500 Crore Every Year According to YV Subba Reddy, TTD Chairman, the shrine ea...

Considered the world’s richest Hindu temple, Sree Padmanabha Swamy temple in Thiruvananthapuram is dedicated to Lord Vishnu. While the origin of the temple is believed to be “lost in antiquity”, Sree Padmanabha Swamy temple finds mention in ancient texts including Sangam Tamil literature. Unlike other temples in Kerala, Sree Padmanabha Swamy and its assets were managed by a trust controlled by the Travancore Royal Family. The temple contains six vaults built under the sanctum sanctorum. While five of the six vaults have been opened, Vault-B, the secret vault, remains unopened, opposed by the royal family on the grounds that opening the vault would invite God’s anger. In 2014, the Supreme Court entrusted the administration of the temple to a five-member committee and directed former Comptroller and Auditor General Vinod Rai to undertake the audit of the temple properties, assets and accounts. The apex court has also deferred the opening of Vault-B until the enumeration of other vaults is completed by the committee. According to a special audit report that was submitted by a committee headed by Vinod Rai, 769 pots of gold worth Rs 186 crores and sale deeds of 2.11 acres of land that were sold in 1970 are missing, while around 263 kilos of gold are deemed lost in purification procedures from the Sree Padmanabha Swamy temple. The missing treasures that Rai accounts for are only from five vaults buried five feet under the temple’s floors. It was in July 2011, after Ra...