The government on Saturday released the list of assets owned by Union ministers, putting Union urban development minister Kamal Nath, along with his family members, on top of the heap with a net worth of over Rs 263 crore. Prime Minister Manmohan Singh’s holdings are worth a little over Rs 5 crore. At the bottom of the pyramid was low-profile defence minister A K Antony, who claimed he had a paltry Rs 1.8 lakh in bank deposits. Compare this with the disclosures made by these ministers when they were contesting the 2009 elections. While the annexure to Nath’s affidavit was not available on the Election Commission website, the Association for Democratic Reforms put the value of his movable and immovable assets at Rs 15 crore. As per the disclosures on the PMO website, Nath individually possesses assets to the tune of Rs 6 crore, while his wife, sons, daughter-inlaw and their companies together are worth over Rs 260 crore. Heavy industries minister Praful Patel has shown a modest rise of 25%—from around Rs 30 crore in 2009 to Rs 40 crore.
PM Manmohan Singh : Pegged a little above 5cr, the man credited with ushering in economic reforms prefers to park no less than 3.5 crore in SBI deposits
Sharad Pawar : Agriculture minister’s asset value climbed 43%, from 8.7 crore in the 2009 poll affidavit to 12.5crore now
Praful Patel : Declared 30 crore in 2009 polls, now worth Rs 40 crore. Two plots in Worli, central Mumbai, valued at Rs 6 lakh when it is tough to find a kholi at that price
Kamal Nath : Richest minister worth more than 266 crore, but only 6 crore in his name. Wife, sons, daughter-in-law and companies together worth more than 260 crore
A K Antony : All of 1.8 lakh in bank deposits
According to the list of assets put out by Team Manmohan, agriculture minister Sharad Pawar’s asset value (including his wife and HUF, or Hindu Undivided Family) has climbed around 43% to around Rs 12.5 crore from Rs 8.7 crore in 2009. Several ministers, including the PM and finance minister Pranab Mukherjee, have, however, not disclosed the holdings of their wives. Mukherjee’s assets have shrunk 20 times from Rs 2.46 crore in 2009, according to ADR, to Rs 12.56 lakh now. The data tried to conceal more than it revealed. Cautious ministers gave the purchase price of their property and not their current valuation and also played down the worth of their vehicles. For instance, Patel has put the value of his share in two plots of land in central Mumbai at Worli at Rs 6 lakh when it is tough to find even a kholi at that price in the Maximum City. There are only a handful, such as the PM and Mukherjee, who have disclosed the market value of their properties.
PM Manmohan Singh : Pegged a little above 5cr, the man credited with ushering in economic reforms prefers to park no less than 3.5 crore in SBI deposits
Sharad Pawar : Agriculture minister’s asset value climbed 43%, from 8.7 crore in the 2009 poll affidavit to 12.5crore now
Praful Patel : Declared 30 crore in 2009 polls, now worth Rs 40 crore. Two plots in Worli, central Mumbai, valued at Rs 6 lakh when it is tough to find a kholi at that price
Kamal Nath : Richest minister worth more than 266 crore, but only 6 crore in his name. Wife, sons, daughter-in-law and companies together worth more than 260 crore
A K Antony : All of 1.8 lakh in bank deposits
According to the list of assets put out by Team Manmohan, agriculture minister Sharad Pawar’s asset value (including his wife and HUF, or Hindu Undivided Family) has climbed around 43% to around Rs 12.5 crore from Rs 8.7 crore in 2009. Several ministers, including the PM and finance minister Pranab Mukherjee, have, however, not disclosed the holdings of their wives. Mukherjee’s assets have shrunk 20 times from Rs 2.46 crore in 2009, according to ADR, to Rs 12.56 lakh now. The data tried to conceal more than it revealed. Cautious ministers gave the purchase price of their property and not their current valuation and also played down the worth of their vehicles. For instance, Patel has put the value of his share in two plots of land in central Mumbai at Worli at Rs 6 lakh when it is tough to find even a kholi at that price in the Maximum City. There are only a handful, such as the PM and Mukherjee, who have disclosed the market value of their properties.
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