Economy

TTD approves Rs 1,641-cr budget for 2011-12

| | Updated on: Feb 11, 2011

The Tirumala Tirupati Devasthanams (TTD), which manages the hill shrine of Lord Venkateswara at Tirumala near here, on Friday approved a Rs 1,641.76-crore budget for the fiscal year 2011-12.

After a monthly meeting, the TTD Executive Officer, Mr I. Y. R. Krishna Rao, told presspersons that the cash offerings made in the temple hundi alone are estimated at about Rs 675 crore.

The interest on the TTD's investments in cash and gold deposits made at several nationalised banks is estimated to earn it about Rs 431.73 crore, he said.

The revenue from the sale of worship tickets, including paid rituals tickets and special entrance darshan tickets, is expected at Rs 207 crore during the financial year, Mr Rao added.

The budget has also set aside Rs 150 crore for the TTD Engineering Division for the construction of accommodation for pilgrims and other amenities on the hills and in Tirupati, Mr Rao said.

Funds of Rs 55 crore for TTD-run educational institutions and Rs 30.84 crore for hospitals has also been allotted in the budget, he added.

Published on February 11, 2011

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