1. Home
  2. India
  3. PM's assets around Rs 10.73 crore, cabinet colleagues richer

PM's assets around Rs 10.73 crore, cabinet colleagues richer

[email protected] (PTI)
September 9, 2012

pm_copy

New Delhi, September 9: Prime Minister Manmohan Singh has assets worth around Rs 10.73 crore, double that of last year, but a number of his cabinet colleagues are much richer than him.

Among the richer cabinet ministers are Praful Patel with assets of approximately Rs 52 crore and Sharad Pawar with property worth around Rs 22 crore, according to the updated list of assets of the ministers posted on the PMO website.

Defence Minister A K Antony has assets worth Rs 55 lakh, the lowest in the list of the cabinet Ministers. Manmohan Singh has shown residential properties, bank deposits and a Maruti 800 car as his assets.

While the total worth of Singh's two flats- in Chandigarh and Delhi- is Rs 7.27 crore, Singh has bank deposits and investments worth Rs 3.46 crore approximately in various State Bank of India (ASBI) accounts.

He has declared total assets of worth Rs 10,73,88,730.81 (Rs 10.73 crore approximately). Last year, the Prime Minister had declared total assets worth Rs 5.11 crore approximately. The flats owned by him in Chandigarh and Vasant Kunj here were then valued at a total of Rs 1.78 crore and he owned 150.80 gm of gold jewelery worth Rs 2.75 lakh.

Sources in the Prime Minister's Office (PMO) said though the assets with Singh have remained the same, the valuation has gone up as the assessment has been done by a government- approved valuator.

The depreciated value of his Maruti 800 car has been shown as Rs 21,033. Singh also owns 150.80 grams of gold jewellery but its value has not been shown in his declaration of assets and liabilities.

Singh also owns a bank account in Dispur in Assam where he has a deposit of Rs 6,515.78 only.

HRD Minister Kapil Sibal and his wife Promila have total assets of Rs 45.33 crore, including 8.11 crore of his wife. Of the Rs 37.22 crore assets owned by Sibal, he has at least 12 properties worth Rs 29.35 crore and cash and bank deposits along with shares and debentures worth Rs 2.82 crore, 3 kilograms of jewellery worth Rs 35.33 lakh and loans and advances of Rs 4.63 crore.

Home Minister Sushilkumar Shinde has a house whose present worth is Rs 50 Lakh, two flats worth Rs 1.99 crore and Rs 1.25 crore, agricultural land worth Rs 19.76 Lakh, guest house worth Rs 8.22 Lakh, land worth Rs 1.11 Crore.

Shinde also owns a Mitsubhishi tractor worth Rs 1.90 lakh He owes a loan of Rs 10 Lakh to one Raj Shroff. His wife Ujjwala Shinde owns a flat worth Rs 2.15 crore, two pieces of land worth Rs 15.38 crore and Rs 84 lakh. She also owes a loan of Rs 27 Lakh to one Raj Shroff.

External Affairs minister S M Krishna has assets worth Rs 1.89 crore, including immovable properties of Rs 31.44 lakh. He owns half share in a residential house at Bangalore and agriculture land in Mandya district and Somanahalli, besides owning a farm house at Somanahalli and a site at Viswapriya Greeneries, Begur. He owns a Sonata and a Lancer car.

Finance Minister P Chidambaram's total assets, including bank accounts and current assets, add upto Rs 11.96 crore approximately. Chidambaram also has assets and liabilities as part of Hindu Undivided Family. His total assets as part of HUF are Rs 94.04 lakh and liabilities worth Rs 75.52 Lakh. Hence, his net assets here add upto Rs 18.52 Lakh approximately.

His wife Nalini has immovable assets worth Rs 4.82 crore and the total assets add upto Rs 17.81 crore approx. Her liabilities are Rs 1.22 lakh which makes her net assets worth about Rs 17.80.

Minister for Chemicals and Fertilizers M K Azhagiri has assets worth Rs 9.50 crore. Petroleum Minister S Jaipal Reddy owns a house in Hyderabad and has 43 acres of agricultural land in Andhra Pradesh. His wife S Laxmi owns property in the form of office space in Secunderabad. She also owns jewellery worth Rs 7.5 lakhs and cash savings of over Rs 9 lakh. She also has a Toyota Qualis registered in her name.

Minister of State for Overseas Indian Affairs Vyalar Ravi has a two-bedroom flat in Ernakulam, Kerala, worth Rs 20 lakh. He declared inherited land worth Rs 90 lakh in Ernakulam district. Ravi also declared a Ford car and 900 grams of gold jewellery.

Civil Aviation Minister Ajit Singh owns six agricultural lands in Durg (Chhattisgarh) and West Uttar Pradesh having a total worth of nearly Rs 13 crore. His land in Chhattisgarh is worth Rs 5.64 crore. Rest of the pieces of land are in Aligarh, Ghaziabad and other nearby areas. He also owns three flats - two in Delhi and one in Gurgaon--worth Rs 3.75 crore.

Rural Development Minister Jairam Ramesh has assets worth over Rs 56 lakhs. More than a half of its share are jointly owned by Ramesh and his mother. Last year, his wife K R Jayashree had assets worth Rs 14,79148 which included bank balance, fixed deposits, jewellery, silverware and shares.

In the year 2011-12, Ramesh's asset rose to over Rs 4.16 crore after his mother declared him a nominee of her bank deposits worth over Rs 3 crore due to the sale of the house of his parents in Bangalore in September 2011.

New And Renewable Energy Minister Farooq Abdullah has over Rs 98 lakh deposited in bank accounts and has shares in ancestral properties in Jammu and Kashmir. The value of some of the properties within the share and in possession of Abdullah is over Rs 2.25 crore. Abdullah also earned over Rs 26 lakhs from the sale of family land in Srinagar.

Tourism Minister Subodh Kant Sahay and his wife Rekha Sahay have declared assets worth Rs 70.74 lakh and Rs 1.24 crore, respectively. Parliamentary Affairs Minister Pawan Kumar Bansal has total assets worth Rs 6.65 crore, including Rs 95.15 lakh of his wife Madhu.

While Bansal has cash and bank deposits worth Rs 62.4 lakh, he owns a share in agricultural land in Mehrauli, Delhi worth Rs five lakh and half-share in a two kanal house in Chandigarh valued at Rs five crore. He also owns a Maruti Esteem car and jewellery worth Rs two lakh.

Information and Broadcasting Minister Ambika Soni has declared a flat in Delhi valued at nearly Rs 3.5 crore in addition to jewellery worth Rs 16 lakh and silver utensils worth over Rs 11 lakh in addition to an Optra car. She has also mentioned a farmhouse owned by her husband in Gurgaon.

Railway Minister Mukul Roy has shown Rs 6 lakh as total income in the Income Tax return and Rs 5.08 lakh in his wife Krishna's name. He has declared Rs 20.07 lakh in his name and Rs 14.97 lakh in his wife's name as total movable assets for the last fiscal.

Health Minister Ghulam Nabi Azad has total assets of Rs 68.59 lakh, including land in Maharashtra worth Rs 5.5 lakh and the remaining in cash and bank balances. His wife Shameed Azad owns a house and land in Srinagar worth Rs 55 lakh besides a residential flat in Delhi. She has bank deposits and jewellery worth Rs 2.62 crore.

The net worth of Azad and his family as on July 2012 is Rs 3.42 crore along with a flat in Delhi which is not valued. He has a total net worth of Rs 2.22 crore in cash and deposits alongwith a flat in Delhi.

Power Minister M Veerappa Moily has total assets of Rs 30.47 lakh and liabilities of Rs 12.85 lakh, netting total assets of Rs 17.61 lakh, including two cars (Toyota Etios and Opel Astra). His net assets were Rs 13.34 lakh last year.

His wife Malathi, who is stated to have independent source of income from agriculture, has total assets of Rs 3.71 crore and liabilities of Rs 60 lakh, netting total assets of Rs 3.11 crore. This includes 26 acres of agriculture land, a building in Bangalore and 50 tolas of jewellery and a Honda Accord car. She had total assets of Rs 3 crore last year.

Law and Minority Affairs Minister Salman Khurshid has an agricultural land in the name of his family in Gautam Buddha Nagar of Uttar Pradesh worth over Rs 1.30 crore.

While Khurshid himself has cash worth Rs 74.48 lakh, the combined cash holdings of his family - including bank deposits - stand at over Rs 1.22 crore. He has a flat in Jamia Nagar, Delhi worth Rs 5 lakh, his wife Louie owns two flats in Goa gifted by her father.

The Law Minister also owns an agricultural land worth Rs 32 lakh in Farrukhabad in Uttar Pradesh and a barren, non-agricultural land worth over Rs 10 lakh in the same place.

Besides a Mahindra jeep and a Toyota Innova, Khurshid owns a "very old" imported car. The total worth of immovable property owned by Minister of Urban Poverty Alleviation and Housing Kumari Selja is Rs 12.25 crore approximately.

She owns agricultural and non-agricultural land as well as a residential house owned in partnership with others. The Minister, who hails from Haryana, also has movable assets worth Rs 9,91,101. She owns a Maruti Esteem car, jewellery (worth Rs 8.61 lakh approximately) and bonds, shares and fixed deposits. Selja's total net worth is Rs 12.34 crore and the total tax and interest paid by her for 2011-12 is Rs 12,04,661.

The net assets of Urban Development Minister Kamal Nath has been declared at Rs 8.85 crore as on March 31 this year while his wife Alka Nath owns assets worth Rs 4.48 crore approximately.

The figure though formidable may seem paltry in comparison to the over Rs 200 crore declaration made by Nath an year earlier. As per the previous year's declarations, Nath was the richest of all Cabinet Ministers.

Nath has also explained the reduction of figures in his declaration. "In the previous year's declaration, the assets of Shri Nakul Nath, Shri Bakul Nath & Smt Simran Nath were shown. Since they are not dependent family members, it is not required to include their assets. They have therefore, been excluded this year," Nath's declaration said.

The declaration also said the assets of a private trust for the benefit of Nakul Nath and Bakul Nath, who are non-dependent family members, had also been excluded this year.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 13,2020

New Delhi, Jun 13: In a bid to provide relief to small businesses amid the coronavirus pandemic, the GST Council on Friday decided to halve the interest rate on late filing of GSTR-3B returns for the period of February, March and April 2020.

The interest rate on late return filing will be 9% from the usual 18% till September 30, 2020. The benefit will be available for small taxpayers with aggregate turnover of up to Rs 5 crore.

For the three months, small taxpayers will not be charged any interest till the notified dates for relief and thereafter 9% interest will be charged till September 30, a Finance Ministry statement said.

"For small taxpayers (aggregate turnover upto Rs 5 crore), for the supplies effected in the month of February, March and April 2020, the rate of interest for late furnishing of return for the said months beyond specified dates (staggered upto 6th July 2020) is reduced from 18 per cent per annum to 9 per cent per annum till 30.09.2020," said the statement.

The Council has also extended relief to small taxpayers for subsequent period of 2020 through waiver of late fees and interest if the returns in Form GSTR-3B for the supplies effected in the months of May, June and July are furnished by September 2020.

It has also decided to reduce the late fee on the filing of GSTR-3B returns for the period between July 2017 and January 2020. The late fee has been capped at Rs 500, but interest will be charged at the existing rate on the due tax liability.

Speaking to the media in New Delhi after a GST Council meet through videoconference, Union Finance Minister Nirmala Sitharaman said that those entities with no tax liability will not have to submit the late fee for the period.

For entities with tax liability but which have not filed returns or have filed returns late, the late fee has been capped at Rs 500 without interest. Interest will, however, be payable on the tax component at the applicable rate for delays.

To facilitate taxpayers who could not get their cancelled GST registrations restored in time, the Council has provided an opportunity for filing of application for revocation of cancellation of registration up to September 30, 2020, in all cases where registrations have been cancelled till June 12, 2020.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 20,2020

New Delhi, Jan 20: Union Finance Minister Nirmala Sitharaman on Sunday said the kind of cleaning in the system that the BJP-led government had to carry out after coming to power in 2014 was "unbelievable" and it undertook the exercise without any grudge or worry.

Between 2014-16, there were a lot of questions as to why reforms did not come fast and there were comments that the government was incapable of bringing them, she said delivering the Nani Palkhivala Memorial lecture on "Road Map to $5 Trillion Economy" here.

Pointing out that there were allegations and criticism that the government wants to do something but it did not, Sitharaman said, "I am fully willing to buy that." She recalled that Prime Minister Narendra Modi often said he did not believe in incremental changes and the country needed good transformational change. The stage in which India is today, it cannot have little marginal increments, but good transformational change.

"But still one might say in the last five years the government never did. That can be a critical analysis and I am fully willing to buy that. Because post-2014 the kind of cleaning up the government had to do was unbelievable and we undertook that exercise without a grudge without a worry.. we had to do it and it is part of the game," she said. Elaborating, Sitharaman said states have their own views on Land Acquisition Bill and the government could not have done anything because land, after all, is with them.

Commenting on the topic 'Road Map to $5 trillion economy,' she said quoting Prime Minister Narendra Modi's comments, the government would take the route "Sarkar ka abhaav nahi hona chahiye, prabhaav hona chahiye aur dabaav nahi hona chahiye."

"Abhaav and dabaav both of which are not desirable, abhaav is the inadequacy or lack of adequate presence or shortfall. You do not need a shortfall. You need a government where it should be present, where it is expected to function.", she said.

"So there should not be abhaav. Dabaav (meaning pressure) is not something you want from the government. So, you want Prabhaav. It is broadly an influence, facilitation, broadly the philosophy with which it is mandated, she said.

Noting that the government has got the mandate through the election, she said, "The mandate was spelt out in so many different ways in its manifesto. So the route towards $5 trillion is this."

"We have to be there to facilitate. We have to be there to make it easy. We have to be where you need us, where there is no policy (reforms from the government)," she said.

On the Insolvency and Bankruptcy Code (IBC) implemented by the government, the union minister said the approach of the IBC was not to shut business. "IBC takes on the approach in having some kind of resolution where all people who exploited the company do not come back through the "back door," she said.

IBC was done through better management so that the institution is alive and kicking. It is something which she wanted to carry forward from Modi 1.0 to 2.0. "The point I am trying to make on this road to $5 trillion economy is that it is not just an abstraction, this is not how I want India to be. But in micro-level too, we are coming in response to every stakeholder," she said.

Comments

Well Wisher
 - 
Tuesday, 21 Jan 2020

LOL. Do not say anything, else she will get angry.

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 27,2020

New Delhi, May 27: Professor Johan Giesecke of the Karolinska Institute, Sweden, on Wednesday claimed that India will ruin its economy very quickly if it had a severe lockdown.

Claiming that a strict lockdown may disrupt India's economic growth, Giesecke during an interaction with Congress leader Rahul Gandhi said: "In India, you will do more harm than good with strict lockdown measures. India will ruin its economy very quickly if it had a severe lockdown."

While calling for a soft lockdown approach in India, he suggested that India has to ease restrictions one by one. It may, however, take months to completely come out of lockdown, he said.

He further criticised countries across the globe for having no post-lockdown strategy.

Emphasising on the disease, the Swedish health expert said that coronavirus is spreading like a wildfire across the world. "It is a very mild disease. Ninety-nine per cent infected people will have very less or no symptoms," he added.

Meanwhile, Ashish Jha, Director Harvard Global Health Institute and a recognised public health official, in interaction with Gandhi, called for a need to go in for an 'aggressive' COVID-19 testing to create confidence among people.

"When the economy is opened post-lockdown, you have to create confidence. There is a need for aggressive testing strategy in high-risk areas," he said.

He asserted that COVID-19 is not the last pandemic in the world, adding that "We are entering the age of large pandemics".

Jha further said that countries like South Korea, Taiwan and Hong Kong have responded the best to COVID-19 pandemic, while Italy, Spain, the US and the UK have responded the worst.

A few days ago, the Gandhi scion had interacted with former Reserve Bank of India Governor Raghuram Rajan and Nobel Prize Winner Abhijit Banerjee to discuss various issues related to the COVID-19 crisis.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.