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

September 9, 2012

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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.

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News Network
May 29,2020

New Delhi, May 29: Union Home Minister Amit Shah on Friday met Prime Minister Narendra Modi and informed him about the views of all chief ministers on the extension of the ongoing nationwide lockdown beyond May 31, officials said.

During the meeting, Shah briefed Modi about the suggestions and the feedback he received from the chief ministers during his telephonic conversations on Thursday, a government official said.

The nationwide curbs were first announced by Prime Minister Narendra Modi on March 24 for 21 days in a bid to contain the spread of novel coronavirus. It was first extended till May 3 and then again till May 17. The lockdown was further extended till May 31.

The home minister's telephonic conversations with the chief ministers came just three days before the end of the fourth phase of the lockdown.

During his talks with the chief ministers, Shah sought to know the areas of concern of the states and the sectors they want to open up further from June 1, the official said.

Interestingly, till now, it was Modi who had interacted with all chief ministers through video conference before the extension of each phase of the coronavirus-induced lockdown and sought their views.

This was for the first time that the home minister spoke to the chief ministers individually before the end of another phase of the lockdown.

Shah was present in all the conferences of chief ministers along with the prime minister. It is understood that the majority of the chief ministers wanted the lockdown to continue in some form but also favoured opening up of the economic activities and gradual return of the normal life, another official said.

The central government is expected to announce its decision on the lockdown within the next two days.

The number of COVID-19 cases in India has climbed to 1,65,799 on Friday, making it the world's ninth worst-hit country by the coronavirus pandemic.

The Health Ministry said the death toll due to COVID-19 rose to 4,706 in the country. While extending the fourth phase of the lockdown till May 31, the central government had announced the continuation of the prohibition on the opening of schools, colleges and malls but allowed the opening of shops and markets.

It said hotels, restaurants, cinema halls, malls, swimming pools, gyms will remain shut even as all social, political, religious functions, and places of worship will remain closed till May 31.

The government, however, allowed limited operations of the train and domestic flights. The Indian Railways is also running special trains since May 1 for transportation of migrant workers from different parts of the country to their native states.

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News Network
May 19,2020

Hyderabad, May 19: Telangana Chief Minister K Chandrashekar Rao has hit out at the Narendra Modi-led NDA government over the fiscal stimulus package, accusing it of treating states like "beggars" and imposing "laughable" conditions for increasing borrowing limits under the FRBM Act.

"This is 'pure cheating. Betrayal. Jugglery of numbers. All gas. The Centre has reduced its own prestige," he said while referring to conditions linked to the increased borrowing limits for states under the Fiscal Responsibility and Budget Management (FRBM) Act.

Rao cited international journals that had commented on whether the Union Finance Minister's aim was to revive the GDP or to reach the Rs 20 lakh crore number (the stimulus package announced by Prime Minister Narendra Modi).

"This is a very cruel package. It is fully in a feudal policy and dictatorial attitude. We fully condemn this. This is not what we asked for," Rao, who had supported several measures taken by the Centre so far in the fight against coronavirus, said.

At a time when the finances of states were paralysed due to COVID-19 global pandemic, the state governments wanted funds to reach them so that they can help people in different forms, he said. "When we asked for it, you treat states like beggars, what did the Centre do? Is this the way reforms are implemented in India?" he asked during an interaction with media on Monday after a cabinet meeting.

For example, two per cent increase under the Fiscal Responsibility and Budget Management (FRBM) Act (about Rs 20,000 crore in Telangana) has been given.

But, the conditions put are "laughable" and "very nasty" though the loan was to be fully repaid by the state, he said.

Explaining the situation, Rao said Rs 2,500 crore would be given if reforms were implemented in power sector and Rs 2,500 crore would be allowed if reforms in market committees as suggested by the central government are accepted.

"Is this a package? What is this? This cannot be called a package. Very sorry.. This is not the policy to be followed in a federal system... Then what are the state governments for?" the Telangana Rashtra Samithi supremo asked and said they were also constitutional governments and not subordinates.

The CM said he felt anguished and the way the Centre was wielding control over states was against the spirit of federalism.

"Prime Minister ji said cooperative federalism. This has proved that it is totally hollow and bogus," he added.

The state, however, has already fulfilled certain conditions, he added.

On the occasion, Rao also outlined his government's certain policy guidelines for regulatory farming proposed to be implemented.

On the additional water proposed to be drawn by the neighbouring Andhra Pradesh from Srisailam project, he said there was no question of compromising on the states interests.

Flaying Opposition criticism against his government for allegedly failing to protect the state's interests, Rao said he had sought peaceful co-existence with all the neighbouring states.

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News Network
June 19,2020

New Delhi, Jun 19: Petrol price on Friday was hiked by 56 paise per litre and diesel by 63 paise a litre, taking the cumulative increase in rates to Rs 7.11 and Rs 7.67 per litre respectively in less than two weeks.

Petrol price in Delhi was hiked to Rs 78.37 per litre from Rs 77.81, while diesel rates were increased to Rs 77.06 a litre from Rs 76.43, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the 13th daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus in rate revision.

In 13 hikes, petrol price has gone up by Rs 7.11 per litre and diesel by Rs 7.67 a litre.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) instead of passing on the excise duty hikes to customers adjusted them against the fall in the retail rates that was warranted because of fall in international oil prices to two decade low.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

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