TIRUPATI: Tirumala Tirupati Devasthanams government officer Anil Kumar Singhal on Monday stated TTD has a gold reserves of 9,259 kgs and confident devotees that each one of it's in safe custody.
Addressing media at TTD’s administrative development in Tirupati, Singhal stated the temple administration was once now not at fault when the Election Commission officers seized 1,381 kgs gold near Tiruvallur on April 17.
Punjab National Bank was once transporting the gold to Tirupati when it was once taken into custody. The gold was once passed over to TTD on April 20.
“As in keeping with the state executive guidelines, TTD has been depositing surplus gold in gold deposit schemes in various nationalised banks since 2000. And after the RBI launched the gold demonetisation scheme in 2015, TTD deposited other quantities of gold within the gold demonetisation scheme underneath the quick, medium and long-term schemes in various public sector banks since then,” stated Singhal.
TTD had deposited 1,311 kgs of gold with PNB on April 18, 2016 for three years. It wrote to PNB on March 27 at hand over 1,381 kgs of gold with interest on April 18 at its headquarters in Tirupati.
“When the PNB gold consignment was once seized via the EC, TTD changed into a soft goal as other people stated TTD gold was once seized. We want to clarify that till the financial institution passed over the gold to us, it is the financial institution, which is accountable. The seized gold as such can't be referred to as ‘TTD gold’ because our deposit was once with PNB even while in transit”, stated the TTD EO.
He stated that income tax government had served a realize to TTD in connection with gold seizure. The temple administration instructed the I-T officers that TTD was once now not transparent if the gold seized was once intended for the temple.
“We did not give any letter to the EC or the I-T declaring that the seized gold belonged to TTD. This is because unless the gold is passed over to our treasury, it isn't TTD gold but belongs to the financial institution and it's for the financial institution to clarify to the EC or the I-T. We shared TTD’s conversation with PNB directing it at hand over 1,381 kgs of gold in Tirupati on or ahead of April 18,” stated Singhal.
PNB submitted all relevant paperwork to the EC and the gold was once passed over to TTD on April 20.
Singhal stated the temple administration will temporary special chief secretary, income (land and endowments) who will behavior a probe into lapses, which ended in the gold seizure.
Singhal stated TTD administration would evaluation its gold deposits scheme and explore better options to support its income.
“A workforce of experts from IIM, banks and other monetary institutions would advise TTD on tactics and means to support income thru gold deposits. The percentage of returns gained underneath the gold demonetisation scheme is very minuscule and as such the TTD board will evaluation and take suitable decision on this regard to support the income underneath the gold deposits scheme”, he stated.
Meanwhile, Manmohan Singh, special chief secretary, income endowments, held an enquiry with TTD officers on Monday. Singh will publish his report to AP chief secretary LV Subramanyam on Tuesday.
No crowns, gold recovered
Tirupati Urban Police have recovered the gold stolen from Govindaraja Swamy temple in Tirupati.
Three gold crowns have been reported stolen on February 2. The police may now not get well the crowns but have seized 1351 grams of gold in uncooked shape.
TTD government officer Anil Kumar Singhal on Monday stated Tirupati Urban Police had nabbed the thief at Dadar railway station in Mumbai. The crowns have been melted via the accused ahead of the police may nab him. Singhal stated TTD will get three new golden crowns for the processional deities at the Govindaraja swamy temple.
Addressing media at TTD’s administrative development in Tirupati, Singhal stated the temple administration was once now not at fault when the Election Commission officers seized 1,381 kgs gold near Tiruvallur on April 17.
Punjab National Bank was once transporting the gold to Tirupati when it was once taken into custody. The gold was once passed over to TTD on April 20.
“As in keeping with the state executive guidelines, TTD has been depositing surplus gold in gold deposit schemes in various nationalised banks since 2000. And after the RBI launched the gold demonetisation scheme in 2015, TTD deposited other quantities of gold within the gold demonetisation scheme underneath the quick, medium and long-term schemes in various public sector banks since then,” stated Singhal.
TTD had deposited 1,311 kgs of gold with PNB on April 18, 2016 for three years. It wrote to PNB on March 27 at hand over 1,381 kgs of gold with interest on April 18 at its headquarters in Tirupati.
“When the PNB gold consignment was once seized via the EC, TTD changed into a soft goal as other people stated TTD gold was once seized. We want to clarify that till the financial institution passed over the gold to us, it is the financial institution, which is accountable. The seized gold as such can't be referred to as ‘TTD gold’ because our deposit was once with PNB even while in transit”, stated the TTD EO.
He stated that income tax government had served a realize to TTD in connection with gold seizure. The temple administration instructed the I-T officers that TTD was once now not transparent if the gold seized was once intended for the temple.
“We did not give any letter to the EC or the I-T declaring that the seized gold belonged to TTD. This is because unless the gold is passed over to our treasury, it isn't TTD gold but belongs to the financial institution and it's for the financial institution to clarify to the EC or the I-T. We shared TTD’s conversation with PNB directing it at hand over 1,381 kgs of gold in Tirupati on or ahead of April 18,” stated Singhal.
PNB submitted all relevant paperwork to the EC and the gold was once passed over to TTD on April 20.
Singhal stated the temple administration will temporary special chief secretary, income (land and endowments) who will behavior a probe into lapses, which ended in the gold seizure.
Singhal stated TTD administration would evaluation its gold deposits scheme and explore better options to support its income.
“A workforce of experts from IIM, banks and other monetary institutions would advise TTD on tactics and means to support income thru gold deposits. The percentage of returns gained underneath the gold demonetisation scheme is very minuscule and as such the TTD board will evaluation and take suitable decision on this regard to support the income underneath the gold deposits scheme”, he stated.
Meanwhile, Manmohan Singh, special chief secretary, income endowments, held an enquiry with TTD officers on Monday. Singh will publish his report to AP chief secretary LV Subramanyam on Tuesday.
No crowns, gold recovered
Tirupati Urban Police have recovered the gold stolen from Govindaraja Swamy temple in Tirupati.
Three gold crowns have been reported stolen on February 2. The police may now not get well the crowns but have seized 1351 grams of gold in uncooked shape.
TTD government officer Anil Kumar Singhal on Monday stated Tirupati Urban Police had nabbed the thief at Dadar railway station in Mumbai. The crowns have been melted via the accused ahead of the police may nab him. Singhal stated TTD will get three new golden crowns for the processional deities at the Govindaraja swamy temple.
'TTD gold reserves are safe, no room for concern'
!['TTD gold reserves are safe, no room for concern']()
Reviewed by Kailash
on
April 23, 2019
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