-PTI However, in the corresponding period last year there were as many as 8,215 with a total wealth of $980 bn India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping $925 billion, says a study. According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which...
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Disclosing - and concealing
-The Business Standard Make politicians' asset disclosures clearer, and follow up In an important move towards transparency, Prime Minister Manmohan Singh last year reminded his council of ministers to declare their Assets, movable and immovable, and said that the declarations would be put up online. Declarations for 2012 are now online and these should be welcome. But they also reveal that many lacunae remain in terms of full and clear disclosure. The...
More »PM's Assets have not increased, only value gone up: PMO
-PTI Prime Minister Manmohan Singh's Assets have not increased since last year but their value has gone up, his office said on Monday. "The Assets are the same but their valuation has gone up as the assessment has been done, for the first time, by a government-approved valuator," a PMO spokesman said. The clarification came after the Prime Minister declared the value of his Assets as Rs 10,73,88,730.81, which is double the...
More »PM's Assets Around Rs 10.73Cr, Colleagues Richer
-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...
More »UPA minister's kin linked to coal block allocation deal
-The Times of India CHENNAI: The DMK has once again landed the UPA government in a spot as the focus now shifts to the family of Union minister of state for information and broadcasting S Jagathrakshakan for their involvement in a company that was awarded a coal block in 2007 despite the fact that it had no track record in the sector. The Jagathrakshakan-owned J R Power Gen Pvt Ltd was barely...
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