Saturday, September 30, 2023

TTD Announces Rs 4,398.15 Crore Estimated Income for 2022-23.


TTD wants to collect Rs 9.9 crore in interest from commercial bank deposits, Rs 50 crore from sales of “prasadam”, Rs 3.3 crore from the sale of special Darshan tickets and Rs 1.4 crore from Arjitha Sevas (paying services to gods) Rupees Rs. 1.29 crore thanks to the appointment of Kalyana Mandapams

TTD Trust Board Chairman YV Subba Reddy said that the significant increase in income of TTD was due to the increase in the number of pilgrims in the post-Covid era, which has led to Hondi collections. (HT File)
Tirumala Tirupati Devasthanams (TTD) Administering the hill shrine of Lord Tirumala Venkateshwara in Tirupati district of Andhra Pradesh with an estimated income of Rs. Chairman of the Board, 24th Quarter YTD. Subba Reddy announced on Wednesday.
TTD trust committee approved the annual budget at its last meeting, but it was suspended due to the MLC’s election code of conduct, Reddy said.

expected revenue slightly higher than the revised estimate of Rs 4,385 crore.
250 crore, but Rs 13.15 crore more than the budget estimate of Rs 30.96 crore for 2022-23.

Reddy told reporters that the huge increase in TTD income is due to the increased flow of pilgrims in the post-Covid era, which has led to a huge increase in the collection of Hundi (pilgrims giving money at the cash desk of the temple)).

In the pre-Covid era, Hundi’s average annual income was around Rs 120 crore, which dropped significantly during the pandemic. Likewise, virtual services and interest in post-Covid bank deposits have impacted revenue during the pandemic, the TTD chairman said.

In the 2022-23 budget, TTD expects to earn Rs 900 crore from Hundi collections.
“But based on revised estimates, the Hondi collection has climbed to Rs 1,588 crore. In 2023-2024, we want Rs 1,591 crore,” he said.

TTD wants to collect interest of Rs 9.9 crore on deposits in various commercial banks, Rs 500 crore on the sale of ‘prasadam’, Rs 33 crore on the sale of special darshan tickets, 1.4 crores on ‘Arjitha Sevas (paid) Rs. 1.29 crore through accommodation and rental at Kalyana Mandapams (wedding halls) and Rs. 1,265 crores through the sale of human hair donated by devotees.

Reddy, explaining TTD’s proposed development for 2023-2024, said the council had decided to construct an additional 30 meters at the laddu complex at Rs 5 crore.
250 million are used to avoid delays in the distribution of laddus to pilgrims.

Similarly, the construction of Sri Venkateswara Swamy Temple in Ulundurpeta, Tamil Nadu will cost Rs 470 crore. It is also proposed to spend Rs 471 crore on various works at SGS College of Arts, Tirupati including upgrading of the library and construction of an indoor gymnasium.
The TTD chairman said changing the VIP break for darshan to 8 a.m. from 5:30 a.m. will be effective from November as more than 95 percent of ordinary pilgrims liked the decision. “It greatly reduces the waiting time for the majority of Darshan believers, and also reduces the pressure on accommodation,” he said.

Council has considered increasing the wave of pilgrimage during the summer months of April, May, and June. “We are asking VIPs to lower their credentials for a special suspension of darshan so that more ordinary pilgrims can have darshan,” Reddy said, adding that the board was considering buying Sri Vani Trust tickets during the three months. (Rs 10,000 per pilgrim) to allow more darshan time for ordinary pilgrims.
The TTD Chairman said Chief Minister YS Jagan Mohan Reddy will inaugurate the flyover of Srinivasa Setu in Tirupati City soon after the completion of the final phase of works. “The Chief Minister will also attend the Sita Rama Kalyanam on April 5 at Ontimitta, Kadapa district where he will present silk garments to Lord Rama on behalf of the state government,” he said.

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