TDB explores ways to diversify finances

In view of a continuing free fall of income accelerated by the pandemic, the Travancore Devaswom Board is exploring ways to diversify its finances to tide over the crisis.According to N.Vasu, presiden

In view of a continuing free fall of income accelerated by the pandemic, the Travancore Devaswom Board is exploring ways to diversify its finances to tide over the crisis. According to N.Vasu, president, TDB, preliminary discussions are on to identify the options in lieu of the disruption of the board's economic model as the second wave of the pandemic has spiraled the decline in revenue out of control. “The financial profile of the TDB has diminished to the point of virtual invisibility so that it cannot sustain without the state's support anymore. In this backdrop, preliminary discussions are on whether the board can leverage the idle property in its possession and generate sustainable income,” he said.