Nov 23 2008
US federal move puts state Govt at ease
The decision taken by the United States Government to inject US$300 billion into the CitiGroup has put the Andhra Government at ease. CitiGroup had been facing serious trouble in the past couple of months and was speculated to be at the verge of bankruptcy. However, now the situation appears to be under control.
The reason for the Government’s initial worry is that CitiBank has been handling the payments to the Tirumala Tirupathi Devasthanam earned through online donations (TTD has started a web portal a few years ago which allows devotees in far off lands to send their offerings or donations online). This works exactly similar to the direct ‘hundi’ in the temple except that CitiBank keeps the money collected with itself as fixed deposits of TTD.
Though the online income is negligible compared to the direct income earned by TTD, the world’s richest god, the Government was worried as this was related to the sentiments of the devotees. So the Government along with TTD has decided to take measures to protect ‘God’s money’. However, now that the CitiGroup seems to be stable the Government may not take any drastic decisions.
One Response to “US federal move puts state Govt at ease”
Leave a Reply
You must be logged in to post a comment.
Not A Member? Register for Free!
One of the things I want to start doing on my blog is interviewing people from other countries about what the election of Barack Obama in the United States meant to them, how it my have changed our reputation (or not), and what improvements that they want to see in the United States. My last interview was from New Zealand/Australia and I have another one lined up for England. I would very much appreciate it if I could interview you too. I would publish the answers (along with a link to your blogs to help your traffic out) on my blog. If you’re interested let me know. We can just do it by e-mail (skwguitar@yahoo.com) and there’s no rush either, just whenever you get time. Let me know!
Cheers