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Country’s richest Tirupati temple owns 9,259 kg gold in its treasury

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Tirupati Temple, Venkateswara Temple, Gold deposit schemes, Religion news, Religious news, Spiritual news

Tirupati: The Sri Venkateswara Temple at Tirumala here owns 9,259 kg of gold deposited with various banks and in its treasury, a senior temple official said on Monday.

The Tirumala Tirupati Devasthanam (TTD), which manages the affairs of the country’s richest temple, has 5,387 kg of gold with the State Bank of India and 1,938 kg of gold with the Indian Overseas Bank under gold deposit schemes.

TTD Executive Officer Anil Kumar Singhal said Punjab National Bank (PNB) returned 1,381 kg of gold on April 20 as the three-year scheme had reached the maturity.

In addition, TTD treasury has 553 mixed gold, comprising small jewellery.

A day after the Andhra Pradesh government ordered an inquiry into the alleged lapses into the release and transportation of 1,381 kg gold in the wake of its seizure by the Election Commission in Tamil Nadu, the TTD EO told a news conference that PNB had total responsibility of the gold till delivering it to TTD treasury.

 

Tirupati Temple, Venkateswara Temple, Gold deposit schemes, Religion news, Religious news, Spiritual news

 

The gold was seized in Tiruvallur district of Tamil Nadu on April 17 when it was being brought back from PNB’s branch in Chennai to the TTD treasury in Tirupati.

He denied media reports that TTD showed documents to the Election Commission claiming ownership of the gold. Singhal made it clear that they were in no way concerned with the security and transportation of the gold as it was the responsibility of the PNB.

After the seizure of the gold, the Income Tax department asked the TTD to send an official in connection with the investigations. The TTD official informed the IT that PNB was supposed to deliver the gold at the TTD treasury on April 18.

The gold seizure a day before the elections in Tamil Nadu triggered a row with TTD initially denying that the gold belonged to it.

 

Sri Venkateswara Temple popularly known as Tirupati owns 9,259 kg gold:

 

Singhal defended the stance taken by the temple body. “It is TTD gold when it reaches the treasury. How do we know how much gold the truck was carrying and what was its transportation route,” he asked.

On criticism for transportation the gold in the midst of elections, he dismissed this as coincidence. He said the maturity date was known when 1,311 kg gold was deposited with PNB in 2016.

He said TTD had written a letter to PNB on March 27 that gold deposit will be reaching maturity on April 18 and asked it to deliver the gold at treasury along with the interest (70 kg gold).

He said under the gold deposit gold scheme, the banks are paid one per cent commission and 1.5 per cent handling charges which includes gold purity testing, transportation, storage and other costs.

 

Tirupati Temple, Venkateswara Temple, Gold deposit schemes, Religion news, Religious news, Spiritual news

 

Andhra Pradesh Chief Secretary L.V. Subrahmanyam on Sunday ordered an inquiry in the wake of gold seizure.

He asked Special Chief Secretary, Revenue, Manmohan Singh, to find out the lapses, if any, on the part of PNB and TTD and submit a report on or before April 23.

The inquiry officer was asked to see if there were written instructions issued by the Executive Officer, TTD, and what was the role of the TTD vigilance wing.

The officer will also report on what special care and monitoring the vigilance wing of TTD has to take.

 

 

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Amazon Great Indian Festival sale starts from september 29th

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India’s favourite e-commerce portal, Amazon India, has just announced the biggest retail event of the year Amazon Great Indian Sale. The dates of this 6-day shopping extravaganza have been announced. The sale will go live on 29th September 2019 and end on 4th October 2019. Prime members will get a 12-hour early access to the sale. For them, Amazon Great Indian Festival Sale 2019 will commence on 28th September at 12 PM. Amazon has unveiled a few of the best offers that will be up for grabs. During the course of this five-day shopping extravaganza, Amazon India will provide jaw-dropping Amazon Great Indian Sale offers, deals, and discounts on purchases made from Amazon India’s e-commerce platform.

The company is offering a plethora of discounts such as up to 40% off on “latest and best smartphones of 2019” which include 15 new smartphones and accessories; up to 90% off on fashion with over 1200 top brands; up to 80% off on more than 50,000 home and kitchen products; and up to 75% off on home appliances.

In addition to discounts, Amazon will also be offering festive cashback offers on Amazon Fashion, combo offers on books, gaming and toys and the opportunity to save more using Amazon coupons on daily essentials. Kitchen and home products will be listed at the “lowest ever prices” with free installation. Moreover, more than 11,000 products by Amazon brands will be listed on sale.

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