A day after The Indian Express report (March 27, 2023) on the accumulated foreign currency funds of the Tirumala Tirupati Devasthanams (TTD), the Ministry of Home Affairs has renewed its registration under the Foreign Contribution Regulation Act (FCRA).
An electronic intimation received by the TTD shows that its registration — pending since July 17, 2019 — has been “approved by the competent authority” for a five-year period with a retrospective effect from the year 2020.
It was in 2019 when it applied for a renewal, that the FCRA registration that the TTD was placed under “suspension” and two notices of payment of penalties were received by the Trust, considered the richest religious Trust in the country.
The latest penalty notice received by the TTD was on March 5, 2023, when it was asked to pay penalties to the tune of Rs 3.19 crore for not submitting its Annual Returns in the prescribed manner.
As reported earlier, in its communications with the Ministry of Home Affairs, the TTD had been pointing out that it was the divergence of regulations between the FCRA Department and the Andhra Pradesh Charitable and Hindu Religious Institutions Endowments Act (APCHR) — under which it was governed — that had led to the discrepancies in its accounting.Most Read 1 Gadar 2 box office collection day 4: Sunny Deol film records biggest Monday collections of all time, nets a total of Rs 173 cr 2 Bigg Boss OTT 2 Finale Live Updates: Elvish Yadav wins Salman Khan’s show, Abhishek Malhan shares message from hospital 3 Happy Independence Day 2023: Wishes Images, Whatsapp Messages, Status, Quotes, and Photos 4 OMG 2 box office collection day 4: Pankaj Tripathi-Akshay Kumar film delivers better Monday than opening Friday, earns Rs 55.1 cr 5 Jailer box office collection Day 5: Rajinikanth film set to cross Rs 350-crore mark worldwide on Independence Day
The problems of the TTD over foreign currency receipts had mounted since following the amended rules of the FCRA in 2020, the State Bank of India had turned down their requests of depositing foreign currency notes dropped in Hundi’s — without the names of donors — in the designated bank account.
The result: Foreign currency donations adding up to Rs 26.86 crore have piled up in over a year. The TTD recently sent the Home Ministry the break-up that includes US Dollars worth Rs 11.50 crore; Malaysian Ringgits Rs 5.93 crore and Singapore Dollars Rs 4.06 crore.Also ReadNarendra Modi Independence Day Speech Live Updates: India now identified ...Govt SOP for Judges: Do not name officials for court panelsShivaji statue vandalised in Goa, police initiate inquiry‘Will return to Red Fort next year’: In Independence Day speech, PM Modi ...Advertisement
Last year, according to reports, TTD received Rs 1,450 crore as total “Hundi collections”.