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Mounting temple gold coffers impel Himachal government to bank it | My Himachal
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As gold prices hit the roof, securing and managing over four quintals of the precious metal for some millionaire temple trusts of Himachal being guarded in state treasuries has become a problem for the government. Looking for a safety net, plans are afoot to secure the bullion in gold bonds with Reserve Bank of India and other banks.
“The proposal is to first refine the gold offerings lying secured with government treasuries and then bank it with RBI or other banks, not only for safety purposes but also to earn interest on it,” says Manisha Nanda, principal secretary language art and culture and is responsible for overseeing running of temples trusts that are controlled by the government.
- Shimla
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Chintpurni temple, the richest of them, alone is reported to be having accumulated gold offering of about 130 Kgs. In 2006, the temple had recorded a cash collection of Rs 20.8 crore and 25 Kg of gold.
Management of several temples were brought under the HP Hindu Public Religious Institutions and Charitable Endowments Act, 1984, whereby a commissioner was made incharge of supervising the temple trust affairs.
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