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Modi’s Cash-in-Hand Falls by 67%, Total Assets Rises to 2.2 Cr

Surprisingly, for the year 2016-2017, PM Modi’s cash-in-hand had risen by 67 percent from Rs 89,700 .

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India
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Modi’s Cash-in-Hand Falls by 67%, Total Assets Rises to 2.2 Cr
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Prime Minister Narendra Modi's cash-in-hand as of 31 March 2018, dropped by 67 percent to Rs 48,944, compared to Rs 1,50,000 the PM had last year, Business Standard reported.

Surprisingly, for the year 2016-2017, PM's cash-in-hand had rise by 67 percent from Rs 89,700 .

The report quoting filings of the financial year 2017-18 revealed that Modi's overall financial assets, including the market value of the immovable assets has risen to Rs 2.28 crores from Rs 2 crore the previous financial year.

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WHAT WE KNOW

According to Business Standard:

  • The prime minister's savings bank deposits stood at roughly 10 lakhs for the year 2017-2018 in a Gandhinagar branch of the State Bank of India.
  • PM's fixed deposits were pegged at Rs 1 crore, compared to Rs nine lakhs the year before.
  • Other declarations revealed by the government comprises infrastructural bond of Rs 20,000, National Savings Certificate worth Rs 5,18,235 and an LIC policy of Rs 1,59,281.

IN DETAIL

Since Modi became prime minister in 2014, Business Standard reported, quoting a government report, that he does not own any private vehicle.

It further stated that he has not deposited gold or jewellery since 2014. The four pieces of gold rings possessed by him, have been valued at about Rs 1,38,060 based on the rate on 31 March 2018. The value of gold rose nearly by Rs 10,000 compared to the previous financial year.

The property owned by the PM has also remained the same. The property purchased by Modi in Ahmedabad in 2002, has been valued at Rs 1 crore as of 31 March 2018.

(With inputs from Business Standard)

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