India: Treasure unearthed in Kerala temple

[gulte]

the money belongs the family not temple. and what is this issue of temple wealth? where this wealth is used by temples ? or is it just to keep there so no use?

As it found in temple, it will be considered as temple wealth. Even today temples possess lots of land and gold which is used for Institutions that run by temple. Eg Tirupathi devastanams maintain many schools, colleges, temples, marriage function halls and generally used for funding culture and art.

 

[gulte]

Not true.


National assets means something that is benefiting the country in real sense. gold and diamonds kept in temple ? how these can benefit the country ?

Every one here agree that they should not be kept in temple, but it should be in the name of temple. If the cash from that gold gets deposited in banks in the name of Temple, the temple will get interest, Bank will get profit, common people get easy access to loans.

 

[Galaxy]

the money belongs the family not temple. and what is this issue of temple wealth? where this wealth is used by temples ? or is it just to keep there so no use?

No, Money belongs to Temple as per family. It might not be used anywhere. It will be like this only due to religious history. Most likely, It would be Museum. In India, Most of the Families have Gold as per tradition. But it doesn't mean that will be used for Development. If All Indians will donate their Gold, Then it will be few Hundred Billions $.

Also, Kerala is one of the most literate state in India. So poverty is very very less there and government is there to do all work related with economy.

 

[Kinetic]

Not true.

No, very true.

National assets means something that is benefiting the country in real sense. gold and diamonds kept in temple ? how these can benefit the country ?

If Egypt sell all those treasures found inside the pyramids they will get millions or even billions of dollars so is their countries but they do not, think why? lol

the money belongs the family not temple. and what is this issue of temple wealth? where this wealth is used by temples ? or is it just to keep there so no use?

The money does not belongs to the family but the temple, if anything found in a historical site owed by GoI it belong to the govt. If any treasures found inside a temple/mosque/pagoda owned by the temple/mosque/pagoda board it belongs to the temple/mosque/pagoda.

 

[Vasily Zaytsev]

Latest guess estimate of the Temple Treasure is more than 1 lakh crores.

That is more than US $ 25 billion !!!!

But this is only the Par Value.


Actual Value could many times more than US $ 25 billion considering the premium to be added for historical and archeological significance and the ensuing increase in the worth.

This will be the richest religious Place in the world I think.

How rich is the Vatican?

Anyone...

 

[Kinetic]

^^^^ $ 25 billion!!!!




Govt should search all these historical places specially thousands of old temples. All those folklore and stories that India was the richest in old times is so true.

 

[Ajaxpaul]

How rich is the Vatican?

Anyone...

I think this will help..but may not be accurate.

As thx1138 mentioned, this is a very difficult question to answer. The
finances of the Vatican are very complex, come from different sources,
and are dedicated to different missions, in different countries. And
indeed, its transnational structure makes it even difficult to assess
the Vatican's finances.

But not a man as Prof. Thomas J. Reese, an American Vatican expert
from Woodstock Theological Center at Georgetown University, would shun
from the task. In his book, "Inside the Vatican" (Harvard University
Press, 1996 <www.amazon.com/exec/obidos/ASIN/0674932609ltc-political>
- highly recommended if you're interested in Church history and
politics), he examines the finances of the Vatican (For the Chapter on
Vatican finances see pp. 202-229).

The first thing you may want to know is that the Holy See ran a
deficit from 1970 until 1993. Reese examines first the IOR (Instituto
per le Opere di Religione), known better as "the Vatican Bank". The
IOR was founded in 1887 to help the Pope manage his finances after the
fall of the Papal States. In 1994, for the first time in its history,
the bank was audited by an outside element - Price Waterhouse (today
PriceWaterhouseCoopers - PwC US: Building relationships, creating value). In that year, the
bank had deposits of $40 billion, and annual profits of $4 million.
Reese notes, after an interview with the head of the bank, that "it is
unclear how much working capital the bank has beyond its deposits",
and that some estimated it as high as $1 billion, before 1984 payments
to creditors of a collapsing Italian Bank (a scandal known as "Banco
Amrosiano" Scandal). The budget of the Vatican City itself is $130
million annually.

In 1994, the audit listed:
- 1,483 billion lire in assets [About $848 million]: -
- 732 billion lire [about $419 million] in liabilities (in the
"Consolidated Financial Statements of the Holy See" (410 billion in
cash, 479 billion in stocks and bonds, 29 billion in gold, and 470
billion in fixed assets - investments and real-estate) . 269 billion
lire are in deposits and accounts of Vatican entities, 96 billion for
employees' severance indemnities and 262 billion at the value of
pensions to present employees;
- 750 billion are in net assets [$430 million].

These figures are without the bank and the Vatican City, each of them
was mentioned earlier, and Reese estimates that it would add up to
$500 million to $1 billion. However, deducting the Vatican City's
budget and the $270 million reported as "fixed assets", the sum is
lower than $1 billion, maybe even less than quarter billion dollars.

Although Reese's information is only an estimation, it is probably the
closer you'll get, with the complex structure of the Vatican and the
Church. You can find other estimations online, including from this
site <http://www.vaticanbankclaims.com>, which tries to assert
retributions from the Vatican bank on property looted by the Nazis.
they claim the bank has manages £2bn (British Pounds) of assets, and
that The Vatican had a balance of 2.5bn lira in 1998, then worth about
£1m. <http://www.vaticanbankclaims.com/worldly.htm>

In an interview published in Money Week, Cardinal Edmund C. Szoka, the
Vatican's "finance minister", claims that The Vatican's assets are $5
billion. he adds that " Income to the Holy See from bishops' dioceses
has more than tripled from 1990 levels, to $22 million in 2000." he
also says, "That [$5 billion] doesn't include the Vatican City, which
has a separate financial statement. If property is used for Church
purposes and could never be sold, the value of it is considered 1
lire, or nearly zero." The City's assets are "The revenues in 2000
were $180 million. The net surplus was $22 million, but that
fluctuates greatly since we're responsible for the maintenance of all
buildings, and it's extremely costly. One year we have a profit of $1
million and the next year $10 million. We put the surplus in a
reserve, so we have it when the next work is needed" (Szoka refuses to
refer directly to the Vatican Bank's assets). <source:
http://www.wrns.org/parse.php?idd=4537>


This is the least value..Unless someone puts the price on the greatest art, the man has ever known
Please take this info lightly, not intended to flame.

 

[sajan]

Who will wear that necklace? Might be for the temple god.

Yes. That necklace is for the idol of Lord Padhanabha, it was donated by Marthanda Varma who ruled Travancore in the 17th century. The Travancore royal family style themselves as Padmanabha Dasas or servants of Padmanabha since 1750 when Maharajah Marthanda Varma made over the state to the deity of the Sri Padmanabhaswamy Temple and vowed that from that that day on, the royal family would rule the state on behalf of Him(Lord Vishnu). The people of Travancore still have all the respect and love for their kings. The secret of these treasure were know to most of the people here for centuries. The kings preserved those treasure for the kingdom.

 

[aks18]

Latest guess estimate of the Temple Treasure is more than 1 lakh crores.

That is more than US $ 25 billion !!!!

But this is only the Par Value.


Actual Value could many times more than US $ 25 billion considering the premium to be added for historical and archeological significance and the ensuing increase in the worth.

This will be the richest religious Place in the world I think.

How rich is the Vatican?

Anyone...

indians love to exaggerate facts

 

[aks18]

^^^^ $ 25 billion!!!!




Govt should search all these historical places specially thousands of old temples. All those folklore and stories that India was the richest in old times is so true.

just like hindu extremists who destroyed the babri masjid to find there mandir behind it india was richer in old times when area of pakistan was with you now we have all the gold , copper, coal n other resources all around spreaded in might mountain ranges in pakistan all we need is good leadership who can utilize all these resources

 

[Ajaxpaul]

just like hindu extremists who destroyed the babri masjid to find there mandir behind it india was richer in old times when area of pakistan was with you now we have all the gold , copper, coal n other resources all around spreaded in might mountain ranges in pakistan all we need is good leadership who can utilize all these resources

Please you came to the wrong section...This is not Pakistan economy thread.

 

[xTra]

just like hindu extremists who destroyed the babri masjid to find there mandir behind it india was richer in old times when area of pakistan was with you now we have all the gold , copper, coal n other resources all around spreaded in might mountain ranges in pakistan all we need is good leadership who can utilize all these resources

Is it still Night in Pakistan, Wake Up dear, have some Tea and then go back to sleep.

 

[Vasily Zaytsev]

indians love to exaggerate facts

I know your back is burning.

Fact: The accounted value uptill now rs 50000 crore or roughly US $ 10-12 billion whcih is just the third of the total wealth.

Fact: Counting still going on.

Fact: Still two third of the wealth is to be counted.


So, burn in your jealousy.

 

[Kinetic]

just like hindu extremists who destroyed the babri masjid to find there mandir behind it

Here goes the extremist. Few fanatics destroyed a mosque but not the society and gov like you. Not only temples but the whole minority community has been demolished.

india was richer in old times when area of pakistan was with you now we have all the gold , copper, coal n other resources all around spreaded in might mountain ranges in pakistan all we need is good leadership who can utilize all these resources

So when you do not have leaders what can you do? Start a treasure hunt in those mountain ranges. Gold, copper coal!!! Do you know how much of them India have?

 

[Kinetic]

indians love to exaggerate facts

Didn't you started treasure hunt in the mountains of gold, copper and coal yet?