Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||||Opinion|||| 
 Section Home | Editorials | Compass | BS People | Columnists | Lunch with BS
Home > Opinion & Analysis Live Markets | Commodities
 

In God we trust
Sri Padmanabhaswamy's wealth must remain his own
Business Standard / New Delhi Jul 17, 2011, 00:52 IST

No one still quite knows the final value of the gold, silver, jewelry and other valuable offerings locked up in the vaults of the Sri Padmanabhaswamy temple in Thiruvananthapuram. One estimate puts the value of whatever has been accessed so far at Rs five trillion. The government and the courts have quite correctly focused first on the safety and security of the discovered treasure. Nothing is more important right now than the assurance of foolproof security systems and total transparency in the organisational methods being employed to ensure proper accounting of the material found. Avoidable controversy can needlessly cast a shadow on what is very clearly a great discovery, an exhilarating find and a historic moment for the great temple, from whose deity the city in which it is housed derives its name. Historians believe that these treasures and offerings to the almighty might have been collected and placed in these vaults by the great Maharaja, Marthanda Varma. In 1750 Marthanda Varma virtually abdicated his throne and crown in favour of Lord Padmanabha, and declared himself a ‘Padmanabhadasa’ — a servant of the Lord. This meant that the deity of the temple ruled the kingdom. The wealth of the temple, therefore, belongs to the deity.

Secular Indian law recognises a deity as a legal entity. Hence, the wealth that has now been uncovered and whatever else lies hidden belongs to the temple and the deity. It is best to leave it that way. In the post-Independence period India’s secular state has got involved with temple administration through various religious endowment Acts in different parts of the country. To an extent this has helped the people. For example, the Tirumala Tirupathi Devasthanam has been administered by an officer of the Indian Administrative Service and some of these officers have built a devotee-friendly infrastructure and ensured that temple money is used for social welfare and development. However, it is also a fact that several pundits and others associated with the temple have enriched themselves in the process. On the other hand, India is also littered with hundreds of ill-kept and ill-preserved temples due to lack of money and adequate administration. Since many of India’s ancient temples are the nation’s cultural inheritance, the government has an obligation to ensure their proper maintenance. Yet, given the fact that governments in India have shied away from taking a similar view of the maintenance and upkeep of places of historic value that are of religious significance to the minorities, the majority community can well ask why the State should get involved in the administration of its religious centres.

The Sri Padmanabhaswamy temple’s wealth belongs to the temple, even if in the ultimate analysis all such wealth belongs to the people. It would, however, be incorrect for any government to take charge of this wealth in the name of the people. Rather, what both government and public opinion should encourage is for the temple’s administrators to take a forward looking view and make a distinction between artefacts of historical, artistic and cultural importance and just gold, silver and jewelry. The former should be catalogued and placed in a well-guarded museum with all modern security infrastructure that can easily be built within the temple compound and is open to all visitors, and not just Hindus alone. The rest of the wealth can be placed in lockers and used as the collateral for useful investments by the trust in social welfare, health and education.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end on a strong note
- Rupee closes at a week's high, overall sentiment improves
- IITs, IIITs and NITs to have single examination from 2013
- Delhi Budget: Petrol to cost Rs 71.92, CNG prices up
- Bajaj Electricals Q4 net down 15% at Rs 49 cr
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- Invest in Real Estate. Villas in Bangalore starting @ Rs.66 lacs
Sorry, comments to this story are closed
Latest Messages
Posted by: K.Mundanad
Your cogent suggestions (make a distinction between artefacts of historical, artistic and cultural importance and just gold, silver and jewelry. The former should be catalogued and placed in a well-guarded museum with all modern security infrastructure that can easily be built within the temple compound and is open to all visitors, and not just Hindus alone. The rest of the wealth can be placed in lockers and used as the collateral for useful investments by the trust in social welfare, health and education.), may be taken on record by our Supreme Court. However, your suggestion for the use of the wealth as the collateral for useful investments is confusing, as collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. Do you mean that the wealth be pledged for availing loan and the amount so obtained be invested for social welfare purposes?
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NRIs likely to be allowed to invest through new route
- RIL wants import-parity price for its gas
- Renu Kohli: Rupee: depreciated tactics
- Gold imports fall 32% on strict govt measures
- Mobile handset companies bet on Indian app makers
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us