In a significant development in the probe currently under way into the multi-crore Arjitha tickets scandal which rocked the TTD, the AP State Vigilance and Enforcement Wing has on Tuesday served notice on as many as 128 TTD personnel. Those named are all working in the two core departments -- Tirumala temple and the Arjitha office -- and they are both the in-service and retired personnel.
The Enforcement wing, which at the instance of the government has taken over the probe from the TTD's own Vigilance and Security wing, has in its notice asked the persons concerned to appear before it for an inquiry in connection with the scam.
Showing posts with label TTD. Show all posts
Showing posts with label TTD. Show all posts
Wednesday, June 16, 2010
Monday, May 17, 2010
TTD makes 1,000 kg gold deal with SBI
The precious metal would be deposited with SBI which will pay interest. Interestingly, the interest will be paid in the form of gold, and not as cash.
Tirumala Tirupati Devasthanams (TTD), the custodian of the world's richest Hindu temple, has signed a pact with State Bank of India (SBI) for deposit of huge quantity of the surplus yellow metal lying in its treasury. The TTD has agreed, in the first phase, to deposit a whopping 1000 kg of gold with SBI, which is said to be the single largest ‘gold deal', both in terms of value and volume, in the history of the TTD, though it has deposited 1750 kg of gold so far in various banks.
The scheme, which is expected to be a win-win situation for both the stakeholders, is also unique in the sense that a bank is coming to the doorsteps of Tirumala to receive the gold deposits and pay interest in the form of gold.
SBI Chairman O.P. Bhat will be arriving here this week to formally receive the ‘opulent' deposit from the temple management.
While the TTD used to pay Rs.80 lakh in the past as charges towards transportation, insurance and melting (at the mint), the same will now be taken care of by the bank, thus saving a lot for the temple management. Similarly, against the paltry 0.75 p.c. previously, the TTD will now be getting 1.6 p.c. cumulative rate of interest for the five-year deposit.
Interestingly, the interest will be paid in the form of gold, and not as cash.
Though the RBI officials insist that interest shall not be paid in gold, the TTD, as a ‘privileged customer', is expected to walk away with more gold!
Tirumala Tirupati Devasthanams (TTD), the custodian of the world's richest Hindu temple, has signed a pact with State Bank of India (SBI) for deposit of huge quantity of the surplus yellow metal lying in its treasury. The TTD has agreed, in the first phase, to deposit a whopping 1000 kg of gold with SBI, which is said to be the single largest ‘gold deal', both in terms of value and volume, in the history of the TTD, though it has deposited 1750 kg of gold so far in various banks.
The scheme, which is expected to be a win-win situation for both the stakeholders, is also unique in the sense that a bank is coming to the doorsteps of Tirumala to receive the gold deposits and pay interest in the form of gold.
SBI Chairman O.P. Bhat will be arriving here this week to formally receive the ‘opulent' deposit from the temple management.
While the TTD used to pay Rs.80 lakh in the past as charges towards transportation, insurance and melting (at the mint), the same will now be taken care of by the bank, thus saving a lot for the temple management. Similarly, against the paltry 0.75 p.c. previously, the TTD will now be getting 1.6 p.c. cumulative rate of interest for the five-year deposit.
Interestingly, the interest will be paid in the form of gold, and not as cash.
Though the RBI officials insist that interest shall not be paid in gold, the TTD, as a ‘privileged customer', is expected to walk away with more gold!
Thursday, April 22, 2010
TTD gold wall hits HC hurdle
Stating that the government was meddling with temple affairs, the Andhra Pradesh High Court stalled the gold plating project of Tirumala Tirupati Devesthanams (TTD) on Wednesday.
While dealing with a petition filed against gold plating the walls of the sanctum sanctorum of the Lord Venkateswara temple at Tirumala under the “Ananda Vimana Swarnamayam project”, a division bench comprising Justices B. Prakasha
Rao and R. Kantha Rao stayed further activity of project.
The bench granted the interim order while admitting the petition filed by Mr G. Raghava Reddy, president of Devalayaparirakshana Samiti.
Golden wall
Swarnamayam was inaugurated by YSR in Sept. 2008.
* Rs 40 lakh has been spent on the project.
* 135 kg gold was donated by devotees.
* 250 kg gold needed for the the project.
* Project was to be completed by Aug. 2011.
While dealing with a petition filed against gold plating the walls of the sanctum sanctorum of the Lord Venkateswara temple at Tirumala under the “Ananda Vimana Swarnamayam project”, a division bench comprising Justices B. Prakasha
Rao and R. Kantha Rao stayed further activity of project.
The bench granted the interim order while admitting the petition filed by Mr G. Raghava Reddy, president of Devalayaparirakshana Samiti.
Golden wall
Swarnamayam was inaugurated by YSR in Sept. 2008.
* Rs 40 lakh has been spent on the project.
* 135 kg gold was donated by devotees.
* 250 kg gold needed for the the project.
* Project was to be completed by Aug. 2011.
