TTD pegs budget at Rs. 2,937 Cr for 2021-2022
By Newsmeter Network Published on 27 Feb 2021 1:00 PM GMT
Tirupati: The Tirumala Tirupati Devasthanams (TTD) Trust Board approved the budget for 2021-2022 on 27 February and has approved estimates for Rs. 2,937.82 Crore, registering a marginal dip in comparison to last year's estimates.
The TTD Trust Board, which met under the leadership of its chairman Y.V Subba Reddy in Tirumala, announced the budget outlay for 2021-22 on Saturday. TTD is expecting a revenue of Rs. 1,131 crore through Hundi collection. Its major expenditure is towards human resource payments pegged at Rs. 1,308.15 crore.
However, compared to the current financial year, the TTD will get a lower revenue on interest on fixed deposits. It received Rs. 738 crore as interest this year but will only get Rs. 533 crore as interest on its deposits - a loss of around Rs. 205 crore due to banks slashing interest rates.
As per the TTD's official books, more than Rs. 10,000 crore is deposited in various banks. The TTD was depositing money in both private and public sector banks but the state government advised the administration to ensure all fixed deposits are only in nationalized banks.
TTD is also expecting a revenue of Rs. 375 crore through the Prasadam sales and Rs. 210 crore through the Darshan tickets. The TTD's contribution to the state government will increase to Rs. 50 crore from Rs. 2.25 crore.
