Published On: Sat, Jan 30th, 2016

TTD’s ‘Hundi’ income to cross Rs.1,000 crore in 2016-17 – The Hindu

The Tirumala Tirupati Devasthanam (TTD) on Saturday has approved its annual budget for the year 2016-17 with an estimated revenue of Rs. 2,678.07 crores.

For the first time in the history of the TTD, the income derived from the temple Hundi by way of offerings is put at Rs. 1,010 crore, surpassing the one thousand crore mark.

The second major source of income is Interest on investments with the estimates being pegged at Rs. 778.93 crores.

The TTD also expects an income of Rs. 209 crores by way of the sale of Rs.300 special entry darshan tickets and a whopping Rs.175 crores by way of sale of prasadams, Rs.150 crores by sale of human hair followed by Rs.114.5 crores by way of sale of choultry receipts and Rs. 55 crores through the sale of arjithas seva tickets.

Other receipts include Rs. 37.39 crores by way of loans and advances to the employees, EMD, security deposits etc., in addition to Rs.15 crores from the sale of gold dollars, besides a staggering income of Rs.133.25 crores by way of lease, rents from hotels and shops, Kalyanakatta, engineering, toll gate and other capital receipts.

The payments side shows a bulk outgo of Rs. 757.06 towards corpus and other investments as against Rs. Rs.629.83 crore in the last year. The next major outflow is Rs.500 crore towards salaries and wages followed by Rs.320 crore towards the procurement of materials.

Other major expenses include grants and commissions (Rs. 165 crore) Fixed assets- engineering works (Rs.160 crore) Out sourcing expenses (Rs.199.25 crore) Pension trust and gratuity payments (Rs.120 crore) Pension fund contributions (Rs. 75 crore) Electrical charges (Rs.55 crore) Repairs and maintenance (Rs.80.20 crore) Loans sand advances to employees, EMD, Security deposits (Rs.41.50 crore) other benefits like reimbursement of fees, books, Brahmotsavam bahumanam (Rs.23 crore) besides Rs.129.96 crore towards other capital and miscellaneous expenses.

TTD’s ‘Hundi’ income to cross Rs.1,000 crore in 2016-17 – The Hindu.

Source: TTD’s ‘Hundi’ income to cross Rs.1,000 crore in 2016-17 – The Hindu

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