PM Modi’s assets increase by Rs 26 lakh to Rs 2.23 crore; given land ownership

Prime Minister Narendra Modi has assets worth over Rs 2.23 crore, mostly in the form of bank deposits, but has no real estate as he donated his share in land in Gandhinagar, according to its latest asset disclosure.

He has not invested in any bonds, stocks or mutual funds, owns no vehicles, but has four gold rings valued at Rs 1.73 lakh, according to his updated statement up to March 31.

Modi’s movable assets increased by Rs 26.13 lakh from a year ago, but he no longer owns the immovable assets which were worth Rs 1.1 crore as of March 31, 2021.

Its assets total Rs 2,23,82,504 as of March 31, 2022, according to details uploaded on the Prime Minister’s Office (PMO) website.

The residential land which he held jointly with three other owners, each having an equal share, was purchased by him in October 2002 when he was Chief Minister of Gujarat.

The latest update stated: “Real Estate Survey No. 401/A was held jointly with three other co-owners and each having an equal 25% share no longer belongs to himself as the same was given.”

Cash in hand with the Prime Minister as of March 31, 2022 was Rs 35,250 and his national savings certificates with post office were worth Rs 9.05,105 and had life insurance policies worth Rs 1.89 305.

Among the colleagues in the Prime Minister’s Office who declared their assets, Defense Minister Rajnath Singh has movable property worth Rs 2.54 crore and real estate worth Rs 2.97 crore at March 31, 2022.

Among the 29 Cabinet Ministers, those who declared their own assets and those of their dependents for the last financial year also include Dharmendra Pradhan, Jyotiraditya Scindia, RK Singh, Hardeep Singh Puri, Parshottam Rupala and G Kishan Reddy.

Mukhtar Abbas Naqvi, who was a cabinet minister in the last fiscal term and dismissed in July, also declared his assets.

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