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LATEST NEWS UPDATES | PM's Assets Around Rs 10.73Cr, Colleagues Richer

PM's Assets Around Rs 10.73Cr, Colleagues Richer

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published Published on Sep 9, 2012   modified Modified on Sep 9, 2012
-Outlook

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, Sharad Pawar with property worth around Rs 22 crore and M K Azagiri with Rs 9.50 crore, according to 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 a 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 jewellery 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.

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.

Outlook, 9 September, 2012, http://news.outlookindia.com/items.aspx?artid=774684


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