Rs 3 crore penalty on TTD for FCRA violation for THIS reason
The largest religious trust in India, tirumala tirupati Devasthanam (TTD), was fined Rs 3 crore by the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) for breaking the Foreign Contribution Regulation Act. (FCRA). Chairman of ttd Y.V. On Monday, Subba reddy stated that the RBI had issued the fine for failing to follow FCRA guidelines when depositing foreign currency left by worshippers in "Hundi" into bank accounts.
According to him, the TTD's FCRA licence expired in 2018 and has not yet been renewed, making it difficult for the ttd board to deposit foreign currency into its bank accounts. Subba reddy further disclosed that the ttd had divided the Rs 3 crore RBI penalty into two payments. Additionally, the ttd has asked RBI to extend the FCRA licence.
According to the ttd chairman, the ttd now holds 30 crore rupees in foreign money. The foreign coin was anonymously thrown into the tirumala temple's "Hundi" by pilgrims. The ttd oversees the operations of the sri venkateswara temple on tirumala, which is regarded as the richest Hindu temple in the world, as well as a few smaller shrines located throughout the nation. Subba reddy, meanwhile, went over the preparations made at tirumala for the summer. The ttd also agreed to start handing out divya Darshan tokens to pilgrims who ascend to the hill shrine from april 1.
10,000 tokens will be given out daily to pilgrims who use the Alipiri walkway. For those using the tirumala steps to access the temple, an additional 5,000 tokens will be distributed. The number of recommendations will be cut during the summer break, according to Subba Reddy. The ttd also made the decision to tighten the guidelines for room allocation in Tirumala.
According to the ttd chairman, transparent accommodations will be given to devotees with the deployment of facial recognition technology. The ttd revealed last week that it had cleared a budget of Rs 4,411 crore for 2023–24, a significant increase of 43% from the previous year. According to reports, the budget for 2023–24 will be the greatest since the ttd was established in 1933.