TTD planning to withdraw subsidy, Tirupati laddu likely to soar

Will the price of the famed Tirumala laddu go up? Highly-placed sources confirmed that the Tirumala Tirupati Devasthanams (TTD) is contemplating withdrawal of subsidy as well as a hike in price in vie

Published: 22nd December 2016 01:48 AM  |   Last Updated: 22nd December 2016 06:56 AM   |  A+A-

Laddus
Express News Service

TIRUPATI: Will the price of the famed Tirumala laddu go up? Highly-placed sources confirmed that the Tirumala Tirupati Devasthanams (TTD) is contemplating withdrawal of subsidy as well as a hike in price in view of the steep increase in the cost of ingredients.

The production cost of each laddu is around Rs 34.70. The proposal is to withdraw the subsidy and sell it for the same price or hike the price and sell it for around Rs 40 a piece.

It appears that the members of the TTD Trust Board are in favour of increasing the price besides withdrawing the subsidy because, the cost of ingredients, particularly ghee, has gone up substantially since 2007 when the laddu price was last hiked - from Rs 10 to Rs 25. 

“The issue of either hiking the price or withdrawing the subsidy was discussed in board meetings in the past. Though we have not taken any decision, we may have to, in the future, since there is no other alternative,” TTD Chairman Chadalawada Krishna Murthy told Express on Wednesday.

The TTD prepares three lakh laddus every day. On an average, at least one lakh devotees get the Tirumala prasadam every day.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.