As the nation struggles to get its currency exchanged, one may wonder that what our politicians, cine-stars, and other public figures are going to do. These people may be in bigger trouble with their Rs 500 and Rs 1000 notes also becoming illegal tenders with Government’s demonetisation announcement. While Rahul Gandhi queued outside a State Bank of India branch in New Delhi’s Parliamentary Street, many wondered what if other politicians also do the same thing. Now, much amusing is that this wonder could turn into a reality with politicians holding a lot of cash-in-hand at their homes. Here’s a record, as per the asset declaration by politicians, on how much cash held at the end financial year 2015-16:
2015-16 declarations show that Prime Minister Narendra Modi had ₹90,000 in cash at the end of the last financial year. If PM still holds an amount somewhere near the same value, he, or an autharised representative, would presumably stand up in queue to exchange the notes.
Arun Jaitley, India’s richest union minister as per the declarations, has oevr Rs 72 lakh cash in hand–most of it presumably in high-value notes. Well, if he holds anything near the same amount, he, or someone for him will be standing in to make a pretty large deposit or exchanging a bunch of cash.
EAM Sushma Swaraj declared that she, along with her husband, hold Rs 13 Lakh in cash.
While the data about Congress vice-president Rahul Gandhi’s cash-in-hand wealth is not available, his declared income at the time of 2014 general elections was around Rs. 10 crores, with Rs 35, 000 in hand, out of which, he seems to have exchanged Rs 4000, already.