STOCK MARKET BSE NSE

‘Sosale Mutt is Financially Sound’

The mutt has generated a revenue of `4.88 cr and has a savings of Rs 1.25 cr

Published: 13th May 2014 09:22 AM  |   Last Updated: 13th May 2014 09:22 AM   |  A+A-

Sri Sosale Vyasaraja Mutt Administrative Officer K Jairaj on Monday said the financial condition of the mutt has “improved due to efficient accounting processes and other measures initiated under the guidance of the advisory committee which includes former chief justice of India M N Venkatachalaiah”.

He said the State government appointed him as the Administrative Officer of the mutt two years ago. “Since then, the mutt has generated a revenue of `4.88 crore and has a savings of `1.25 crore now”.

Speaking to reporters here, Jairaj said, “The pontiff had alienated the mutt’s properties and was not paying salary to employees when the government appointed the administrator to the mutt following the directions of the High Court. Today, salary is being paid to all 100 employees of the mutt through cheques in time. We have undertaken works to renovate the existing mutt buildings at Mysore, Srirangapatna, Thirumakudalu, Sosale and  on Benne Govindappa Road at a cost of `55.38 lakh. Tenders have been floated to ensure the work is done at the least possible cost and are awarded in a transparent manner”.

Jairaj said salary of the mutt’s employees have been revised thrice since he has taken over the mutt. The mutt’s website www.srivyasarajamathasosala.org was inaugurated by Sudha Murthy and all the activities of the mutt are being uploaded on the website, he said.

“Measures have been initiated to ensure that the rent from the mutt’s properties are collected in time and the revenue is accounted. Steps have been initiated to recover the mutt’s properties which were alienated in Srirangam, Madurai and Kandakur”, Jairaj added.



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.

IPL_2020
flipboard facebook twitter whatsapp