TIRUPATI, INDIA, March 2, 2013 (India Times): The Tirumala Tirupati Devasthanams, which administers the hill shrine of Lord Venkateswara, has approved a Rs 2,248 crore (approx. US$409.4 million) budget for the fiscal year 2013-14.
The offerings, to be made by millions of devotees in the temple hundi (offering box), was expected to fetch about US$156.5 million while the interest on investments deposited in national banks by TTD was estimated to account for US$101.1 million, TTD Board Chairman K Bapiraju told reporters, after the Board of Trustees monthly meeting held on the hills.
The sale of various darshan and other ritual tickets is estimated to bring in US$42.1 million while auction of human hair is expected to net about US$36.4 million for the new fiscal, he said.
The payment of salaries and wages to about 9,000 staff was expected to be a major outgo -- US$61 million, besides US$26.4 million that was projected for outsourcing expenses, he said. Revised estimates of the TTD budget for 2012-13 was put at US$393.4 million, he added.