TTD set to lose ₹1.15 crore in chariot goldplating work of Kanipakam temple
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The Tirumala Tirupati Devasthanams (TTD) is fairly compelled to pay a heavy value of ₹1.15 crore for extending its experience for a noble trigger as requested by a fellow temple.
The Sri Varasiddhi Vinayaka temple at Kanipakam, which is below the purview of the Endowments Department, sought the assistance of TTD for goldplating of its processional picket chariot in 2008. The temple paid ₹1 crore in 2010 and ₹5 crore extra in 2019 to the TTD to present gold malam (gilding) and copper decorative design to cowl the picket chariot.
Gold value
The TTD agreed to assist when the gold value was ₹3,793 per gram in November, 2019 and the estimated undertaking value was put at ₹7.15 crore, together with the price of supplies, labour and centage prices.
The TTD’s Works Committee initially determined to buy 15 kg of gold required for the undertaking from the MMTC, Hyderabad, however later selected to utilise the in-house gold on the prevailing value.
However, in spite of particular requests from the TTD to meet the improved value, the Kanipakam temple authorities reportedly caught to the unique value of ₹6 crore, at the same time as twelve years have handed from the date of proposal.
What is sending shock waves to the religious is the TTD belief board’s determination to think about the gold charge as per the Chennai bullion market prevailing on the dates of receipt of fee of ₹1 crore and ₹5 crore from the Kanipakam temple.
The approval, by way of the decision quantity 253 through the assembly held on November 28, not directly quantities to expressing willingness to bear the loss of ₹1.15 crore for the yet-to-begin undertaking.
Decision raises eyebrows
It is a traditional apply of the federal government to assess the undertaking value based mostly on Standard Schedule of Rates (SSR) on the day it’s taken up, not on the day of concern of order. The TTD’s determination is now below query not just for being totally ‘out of sync’ with the executive process, but in addition for defying logic. Also, there isn’t a point out of GST legal responsibility incurred on the gold as raised by the Finance Department, which implies extra burden on the TTD exchequer.
When contacted by The Puucho, Regional Joint Commissioner and Kanipakam Executive Officer A. Venkatesh mentioned that he had not acquired any official communication on the TTD’s determination.
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