Effect of financial problem due to coronavirus pandemic Tirumala temple to auction 23 properties in Tamil Nadu

Require Rs. 125 Crore for day-to-day expenditure and salary of employees

Because of Government take-over of the temples, the temple wealth is transferred to the Government and it is used for other purposes. That is why now such efforts are required to be made by the management to meet the expenditure of temples. Realise this and oppose in legal ways to the Government take-over of the temples.

Tirupati (Andhra Pradesh) – Reeling under a financial crisis due to ongoing lockdown, authorities of the world”s richest temple at Tirumala have decided to auction 23 properties donated by devotees in Tamil Nadu. The properties include house sites and agricultural land in different Districts of Tamil Nadu.

1. The TTD needs Rs. 125 crore to pay salaries to its regular and contract employees besides other costs such as security and maintenance of the Temple. With the main source of revenue dried up, it was struggling to pay the salaries and bills for the last two months. Shut for more than two months for devotees due to Covid-19 lockdown, the temple has so far lost revenues of Rs 400 crore as ”hundi” collection or the donations dropped by devotees at the temple is its main source of revenue.
2. Balaji temple, as the hill shrine is also popularly known, is reported to have nine tonnes of gold reserve and Rs 14,000 crore fixed deposits in various banks on which an interest of Rs. 706 crore is expected.