World`s richest temple mulls moving 7.5 tonne gold under monetisation scheme

Tirupati temple managing body mulls moving 7.5 tonne gold under monetisation scheme

Zee Media Bureau

Hyderabad: What can be termed as a shot in arm for the government, Tirumala Tirupati Devasthanam (TTD), which manages the world's richest Hindu temple of Sri Venkateswara Swamy, may move all of its 7.5 tonnes stashed gold under Gold Monetisation Scheme (GMS).

The temple trust has also requested the government to alter some of the rules to enable it move its entire holding of gold under the scheme.

"We have roughly about 7.5 tonnes of gold and most of it is in the banks. Gold with TTD is kept in various banks under different schemes. Then entire gold may be shifted to the Gold Monetisation Scheme as and when it matures," TTD Executive Officer D Sambasiva Rao told reporters on the sidelines of a programme here.

With PTI inputs