Financial disclosure for politicians, Indian style
Care of what appears to be a legal requirement for running for office, Sonia Gandhi's personal finances have been laid quite extraordinarily bare:
"Congress president Sonia Gandhi has assets worth around Rs 1.38 crore but has no car or house in her name in the country...The UPA chairperson has Rs 75,000 in cash and deposit of over Rs 28.61 lakh in UCO bank, according to the affidavit filed by her before the district electoral officer".
I make Rs 1.38 crore a shade under £186,000. A lakh is 100,000 and a crore ten million
And the detail:
"The UPA chairperson has Rs 75,000 in cash and deposit of over Rs 28.61 lakh in UCO bank, according to the affidavit filed by her before the district electoral officer.
She also has investments of Rs 20 lakh in mutual funds and holds RBI bonds worth Rs 12 lakhs besides 10 shares of Maruti technical services private limited and 500 shares of Western India Tanneries Limited.
Gandhi has invested Rs 1.99 lakh in National Saving Scheme and has a deposit of Rs 24.88 lakh in personal provident fund (PPF).
The Congress president has jewellery worth Rs 11.08 lakh besides 88 kg of silver ware worth Rs 18.37 lakh.
Gandhi owns agricultural land worth Rs 2.19 lakhs in Sultanpur and Deramandi villages".
How many of our MPs would be prepared to reveal that much?
"Congress president Sonia Gandhi has assets worth around Rs 1.38 crore but has no car or house in her name in the country...The UPA chairperson has Rs 75,000 in cash and deposit of over Rs 28.61 lakh in UCO bank, according to the affidavit filed by her before the district electoral officer".
I make Rs 1.38 crore a shade under £186,000. A lakh is 100,000 and a crore ten million
And the detail:
"The UPA chairperson has Rs 75,000 in cash and deposit of over Rs 28.61 lakh in UCO bank, according to the affidavit filed by her before the district electoral officer.
She also has investments of Rs 20 lakh in mutual funds and holds RBI bonds worth Rs 12 lakhs besides 10 shares of Maruti technical services private limited and 500 shares of Western India Tanneries Limited.
Gandhi has invested Rs 1.99 lakh in National Saving Scheme and has a deposit of Rs 24.88 lakh in personal provident fund (PPF).
The Congress president has jewellery worth Rs 11.08 lakh besides 88 kg of silver ware worth Rs 18.37 lakh.
Gandhi owns agricultural land worth Rs 2.19 lakhs in Sultanpur and Deramandi villages".
How many of our MPs would be prepared to reveal that much?
Labels: India
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