In the wake of the gold
monetisation scheme announced by the central government, the TTD
took a decision to shift its gold
deposits from the short-term gold
deposit scheme to the long-term gold
deposit scheme in February this year.
In the process, 2,075 kg of gold
is now under the long-term gold
deposit scheme, earning an interest of 2.5 per cent a year for 12 years.
Apart from this, the gold
that was handed over to Mumbai Mint in May was refined into pure gold
of 705 kg and was deposited under the long-term gold
deposit scheme for 12 years at 2.5 per cent interest in SBI, taking the total to 2,780 kg.
Last year, the TTD
has deposited 1,311 kg of pure gold
bars of 0.995 fineness with Punjab National Bank.
manages the Venkateswara Temple in Tirupati
and in other cities such as Chennai.
The temple receives offerings from devotees in cash, jewellery, gold, silver, property deeds, and demat shares.
offering will be around one tonne per year. In the case of property deeds, the title is transferred. The temple also gets silver, diamond, and other items,” a TTD
official earlier said.
During 2017-18, the TTD
expects to receive Rs 1,110 crore as capital funds from devotees; it is also expecting to garner Rs 807 crore as interest on investments.
Other revenue streams are the Special Entry Darshan, which is expected to fetch at least Rs 256 crore this financial year, accommodation fees of Rs 124 crore, and Rs 55 crore through the Arjitha Seva (darshan or seva to the gods) tickets.
The Somnath Trust, which manages the Somnath temple in Junagarh, Gujarat, had deposited around six kg of gold
under the gold
monetisation scheme in September last year.
Sanjiv S Patil, executive officer, Shree Siddhi Vinayak Ganapati Temple Trust, said that till now 50 kg of gold
had been deposited and another 25-30 kg of gold
will follow after the new board took over.