Financial Crisis
During the initial period of Swamiji's reign, the Chitrapur Math faced acute financial constraints. The income for the matha was steadily decreasing. The matha faced a huge debt of 80,000 Rupees with the interests alone absorbing 5,000 Rupees (a considerable amount in the early 1930s). The severe financial restrictions were possibly due to:
- The advent of World War II
- Severe drought conditions in the Kanara districts (and the country in general)
- Financial burden due to the last period of India's Freedom struggle.
Tackling this financial situation was given a top priority by Swamiji. The measures included Suspension of the Rathōtsav(Car Festival), Introduction of Sādhana Saptāhas and the framing of a new constitution.
Read more about this topic: Anandashram Swami
Famous quotes containing the words financial and/or crisis:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“Computerization brings about an essential change in the way the worker can know the world and, with it, a crisis of confidence in the possibility of certain knowledge.”
—Shoshana Zuboff (b. 1951)