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Plea For Fund Withdrawal


Odisha Government has urged the Union Government to direct the Reserve Bank of India to allow withdrawal of the fund deposited by the Shree Jagannath Temple Administration in the Yes Bank.

In a letter to Union Finance Minister Nirmala Sitharaman, Odisha Finance Minister Niranjan Pujari said that Shree Jagannath Temple is an important destination for Hindu pilgrims and is considered as one of the most sacred place of Hindus.
The administration, governance and management of the temple and its properties are vested in a committee called Shree Jagannath Temple Managing Committee (MC) by virtue of provisions contained in the Shree Jagannath Temple Act, 1954.
"On the basis of discussion of Managing Committee, Shree Jagannath Temple Administration manages the day to day affairs of the Shrine. Various funds related to the temple, i.e Foundation Fund, Corpus Fund and Temple Fund are managed by Managing Committee. Out of these funds, an amount of Rs 545 crore have been deposited with YES Bank Puri, in shape of TDRs," Mr.Pujari pointed out.
Minister said that these deposits are maturing in the month of March of 2020. “However, Yes Bank Ltd has been placed under Moratorium by Reserve Bank of India (RBI) and certain restrictions have been imposed by RBI for withdrawal of funds from Yes Bank.
The SJTA is a statutory authority working under provisions of an Act of State Government.
This is an issue of religious importance for millions of devotees of Shree Jagannath, the letter said.
Mr.Pujari urged Ms.Sitharaman to issue necessary instruction to the RBI to allow the release of deposits relating to SJTA in Yes Bank.


 

 



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