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Friday, June 7, 2024

TTD Releases White Paper on Srivani Trust Donations in Response to Criticism

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Tirumala Tirupati Devasthanams Releases White Paper on Srivani Trust Donations

In response to recent allegations against the Srivani trust, the Tirumala Tirupati Devasthanams (TTD) has released a white paper outlining the donations received and how they are being utilized. TTD chairman YV Subba Reddy and EO AV Dharma Reddy released the white paper to address concerns and ensure transparency in the trust’s activities.

Establishment and Funding of Srivani Trust

The Srivani trust was established in 2018 and has since received donations from devotees through online and offline channels. A total of Rs.861 crore has been donated to the trust, with Rs.603 crore invested in bank fixed deposits and an additional Rs.139 crore remaining in the trust’s accounts. The interest earned on these investments amounts to Rs.36 crore.

Utilization of Funds

The funds collected by the Srivani trust are being used for various activities, including the construction of smaller temples in Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka. TTD has allocated Rs.227 crore for the construction of 2273 temples, with 1953 structures being built by the state endowments department and 320 temples by the Samarasatha Sewa foundation. Additionally, Rs.139 crore has been allocated for the restoration of ancient temples in a dilapidated state.

Response to Allegations

The Tirupati trust has refuted allegations made by representatives of political parties and emphasized the transparent and legitimate nature of the Srivani trust’s activities. They have warned against any adverse propaganda and stated their willingness to take legal action if necessary.

FAQ

1. When was the Srivani trust established?

The Srivani trust was established in 2018.

2. How much money has been donated to the Srivani trust?

A total of Rs.861 crore has been donated to the trust.

3. How is the money being utilized?

The funds are being used for the construction of smaller temples and the restoration of ancient temples.

Conclusion

In conclusion, the white paper released by TTD provides clarity on the donations received by the Srivani trust and how they are being utilized for the benefit of various temple construction and restoration projects. The trust remains committed to maintaining transparency and addressing any concerns or allegations that arise.

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