PNS|Vijayawada
Tirumala Tirupati Devasthanams (TTD) Chairman YV Subba Reddy said on Monday that the Reserve Bankof India (RBI) had imposed a penalty of Rs 3 crore for not adhering to FCRA norms while depositing foreign currency dropped by devotees in ‘Hundi’ into the bank accounts. The amount was paid in two instalments, he said and disclosed that the TTD’s FCRA licence lapsed in 2018 and since this has not been renewed yet, the TTD board is facing problems in depositing foreign currency in its bank accounts.
Requesting the RBI to renew the FCRA licence, Subba Reddy said the TTD currently has foreign currency amounting to Rs 30 crore. The foreign currency was dropped by devotees anonymously in ‘Hundi’ at Tirumala temple. The TTD manages the affairs of Sri Venkateswara temple atop Tirumala, considered as the world’s richest Hindu temple, and some other shrines in different parts of the country.
