It’s really surprising that in a country like India where political leaders own millions of money, according to reports our Prime Minister Narendra Modi had just Rs. 4,700 as cash in hand at the ending off last year. Its seems like Modi does not carry much cash in hand while his overall properties have gone up by approximately Rs 15 lakh in the economic year 2014-15.
As per the latest reports of his properties revealed by the PMO, Modi had total ‘cash in hand’ of just Rs 4,700 at the end of the last year financial, down from Rs 38,700 disclosed mid-year as on August 18, 2014.
Still, the total worth of Modi’s transferrable and fixed properties in the course of this period has increased from Rs 1,26,12,288 to Rs 1,41,14,893 as on March 31, 2015. The increase in his properties, excitingly, doesn’t come from his reserves and secure investment as PM though. It can be attributed to a residential property in Gandhinagar (currently valued at Rs 1 crore) that has appreciated by more than 25 times since purchase over 13 years ago.
According to the source, Modi doesn’t have any bank account in New Delhi; but, he has bank accounts in Gujarat. Besides, he doesn’t own any ‘motor vehicles/aircraft/yachts/ships’.
Whereas he has no loans, his jewellery assets contain “four fragments of gold rings” weighing around 45 grams with a worth of about Rs 1.19 lakh as on March 31, 2015. Unhappily for Modi, the price of these jewels has come down somewhat from Rs 1.21 lakh from the time when last revelation as on August 18, 2014.
The up-to-date revelations are updated till January 30, 2016, according to the PMO website.
Modi’s savings comprise L&T Infra Bonds (Tax Saving) worth Rs 20,000, as also National Savings Credentials worth around Rs 5.45 lakh and life insurance strategies worth Rs 1.99 lakh, taking the total worth of his transferable assets to Rs 41.15 lakh. His fixed assets include one-fourth part in a house property in Gandhinagar and his share is 3,531.45 square feet with a developed area of 169.81 square feet. Asserting that this was not an “organic property”, the disclosure declares the date of purchase as October 25, 2002.
Modi’s bank credits include Rs 94,093 with SBI and Rs 30,347 with Rajkot Nagrik Sahkari Coop Bank Ltd. Besides, he had secure deposits totalling Rs 30,72,017 with SBI. He has no farming land, nor any money-making real estate assets. Concerning properties of his wife Jashodaben, the revelation states ‘Un known’.