1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway 2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

World’s richest temple seeks help to tide over financial crisis

Spread the love

The famed Sree Padmanabhaswamy temple located in the heart of the capital city might be the world’s richest temple with an asset base worth over Rs one lakh crore, mostly in gold, silver and diamonds, but the fact of the matter is it has sought help of the Kerala Government for a soft loan to tide over its financial difficulties.

Padmanabhaswamy is the tutelary deity of the royal family of Travancore. The titular Maharaja of Travancore, Moolam Thirunal Rama Varma, is the trustee of the temple.

A top person in the family told IANS on condition of anonymity that things are not that rosy ever since Covid pandemic struck.

“There has been a slide in the temple earnings and a sum of Rs 2 crore has been sanctioned by the State government and it is a loan and has to be given back in an year’s time,” said the top source.

Claim Free Bets

The temple has around 200 employees both permanent and temporary and a sizeable number who are paid pension.

“Approximately the temple has a monthly expenses of around Rs one crore and generally till the pandemic struck, the temple was able to break even, but after the pandemic, things have gone hay wire and hence the temple had to approach the state government for a loan,” added the source who did not wish to be identified.

Since 2011, when an apex court committee stumbled upon six vaults in the temple and with just vault B left yet to be opened, the treasure that has been found in the five vaults has been estimated to be worth over Rs one lakh crore and after that this temple has now become the centre of attraction for many.

    THE FREE MEDIA

    THE FREE MEDIA

    All Posts

    Related Post

    View All

    Scientists find faster method of predicting space we...

    December 12th, 2021 | THE FREE MEDIA

    Spread the loveScientists have identified a faster method of predicting space weather using the Solar Radio Bursts (SRBs) ...

    India’s fertility rate drops from 2.2 to 2.0: Nation...

    May 6th, 2022 | THE FREE MEDIA

    Spread the loveNagpur: India has seen a descending graph on total fertility rate (TFR) from 2.2 children in 2015-16 to 2 c...

    Bikini, Ghoonghat or hijab, it’s all woman’s right: ...

    February 9th, 2022 | DRISHTI SHARMA

    Spread the loveNagpur: Congress leader Priyanka Gandhi Vadra on Wednesday came out in support of the college students prot...