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Nitish's son richer than father by over three times

January 1, 2014
Patna, Jan 1: The Chief Minister Nitish Kumar's son Nishant has cash and movable/immovable properties worth nearly Rs two crore to make him more than three times richer than his father, according to the declaration of assets and liabilities by Kumar for the calender year 2013. nithish

Kumar has personal fortune comprising cash, deposits in banks and movable/immovable properties worth Rs 68 lakh in contrast to his son's properties worth about Rs 1.99 crore comprising deposits in banks and investment to the tune of Rs 81.68 lakh and immovable properties over Rs 1.15 crore.

Both the Chief Minister and his son have shown no financial liabilities.

Interestingly, Kumar has only Rs 17,090 cash in hand, while his son has even less cash with him at Rs 7095 only.

The Chief Minister had declared income of Rs 1,41, 412 for self in the financial year 2012-13 as against his son's income at Rs 4,02,250.

Kumar's son has overtaken him by a wide margin in terms of accumulation of movable assets comprising deposits, investment and durables worth Rs 81.68 lakh against Rs 6.88 lakh, according to the declaration made by the Chief Minister.

In terms of accumulation of immovable assets like land and other properties, the Chief Minister's son has such assets worth Rs 1.17 crore as against Kumar's Rs. 53.38 lakh.

Compared to declaration by the Chief Minister in 2011 and 2012, his financial fortunes have shrunk consistently over the past two years, while that of his son has grown manifold during the same time span.

The Chief Minister had made it mandatory for himself and his ministers to declare their assets annually by December 31 every year since 2010 after romping to a landslide victory for a second successive term.

All JD(U) ministers too have declared their assets and properties for the year 2013.

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News Network
February 1,2020

New Delhi, Feb 1: India has uplifted 271 million people out of poverty, Finance Minister Nirmala Sitharaman said on Saturday.

In her second Budget presentation, the finance minister said the Budget for 2020-21, is woven around aspirational India, economic development and caring society.

The government aims to achieve seamless delivery of services through digital governance, she added.

"We shall strive to bring ease of living for every citizen," Sitharaman said.

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News Network
June 16,2020

New Delhi, Jun 16: Congress president Sonia Gandhi on Tuesday demanded a rollback of hike in fuel prices, saying the government's decision to increase the prices of petrol and diesel during the coronavirus crisis is "wholly insensitive" and "ill-advised".

The government is doing nothing short of "profiteering off its people" when they are down and out, she said in a letter to Prime Minister Narendra Modi.

Petrol and diesel prices were hiked for the 10th day in a row on Tuesday.

"I am deeply distressed that in these exceedingly difficult times since the beginning of March, the government has taken the wholly insensitive decision to increase petrol and diesel prices on no less than ten separate occasions," Gandhi said in her letter.

She accused the government of earning an additional revenue of nearly Rs 2.6 lakh crore through these "ill-advised" hikes in excise duty and increase in prices of petrol and diesel.

"I urge you to roll back these increases and pass on the benefit of low oil prices directly to the citizens of this country.

"If you wish for them to be 'self-reliant' then do not place financial fetters on their ability to move forward," the Congress president said.

Gandhi also urged the government to use its resources to put money directly into the hands of those in need in these times of severe hardship.

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News Network
May 29,2020

Bengaluru, May 29: Former prime minister H D Deve Gowda mourned the demise of Rajya Sabha member and Managing Director of leading Malayalam daily Mathrubhumi M P Veerendra Kumar, hailing him as a great journalist and writer.

"My deepest condolences on the demise of former union Minister and Rajya sabha member Shri M.P. Veerendra Kumar. He was a great journalist and writer. May god give strength to his family & his people to bear the loss," Gowda said in his condolence message.

Veerandra Kumar, who was a member of PTIs Board of Directors, died late Thursday at a private hospital in Kozhikode in Kerala following cardiac arrest.

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