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Narendra Modi assets: Negligible cash, but PM’s wealth rises to Rs 1.41crore; top 10 points to know

Tue February 02 2016, 3:59 pm
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    He may be the most powerful man in India, but PM Narendra Modi assets include just Rs 4,700 cash in hand, according to the latest details disclosed by the Prime Minister's Office (PMO) - disclosures updated till January 30, 2016. However, his total assets have risen steadily, ensuring he retains his crorepati status. Here we list all of PM Modi's assets in 10 points: (PTI)

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    1. Prime Minister Narendra Modi assets (total) have soared to Rs 1.41 crore - largely due to a residential property that has appreciated by over 25 times since purchase over 13 years ago. (PTI)

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    2. Narendra Modi assets, in terms of total 'cash in hand' is just Rs 4,700 at the end of the last fiscal, which is down from Rs 38,700 disclosed mid-fiscal as on August 18, 2014. (AP)

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    3. Narendra Modi assets (total value of movable and immovable assets) during this period has grown from Rs 1,26,12,288 crore to Rs 1,41,14,893 crore as on March 31, 2015. Modi assumed office as Prime Minister on May 26, 2014. (PTI)

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    4. Narendra Modi does not own any 'motor vehicles/aircraft/yachts/ships', while he still retains his bank accounts in Gujarat. He has no bank account in Delhi. (PTI)

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    5. Narendra Modi has no loans, jewellery holdings include "four pieces of gold rings" weighing approximately 45 grams with a value of about Rs 1.19 lakh as on March 31, 2015. The value of these rings has come down slightly from Rs 1.21 lakh since last disclosure as on August 18, 2014. (AP)

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    6. Narendra Modi's investments include L&T Infra Bonds (Tax Saving) worth Rs 20,000, as also National Savings Certificates worth about Rs 5.45 lakh and life insurance policies worth Rs 1.99 lakh, taking the total value of his movable assets to Rs 41.15 lakh. (PTI)

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    7. Narendra Modi's immovable assets include one-fourth part in a residential property in Gandhinagar and his share is 3,531.45 square feet with a built-up area of 169.81 square feet. These immovable assets of PM Narendra Modi are not 'inherited property' - the disclosure mentions the date of purchase as October 25, 2002. PM Narendra Modi's cost of purchase of these immovable assets has been disclosed as Rs 1,30,488 while the 'investment on the land by way of development construction, etc' has been shown as Rs 2,47,208. (Reuters)

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    2. Ratan Tata: I hope Prime Minister Narendra Modi is successful in bringing companies to India because the country does need a refreshment of new manufacturing companies which will be a real shot in the arm in terms of supply-chain and research in India. (Reuters)

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    9. Narendra Modi's bank deposits include Rs 94,093 with SBI and Rs 30,347 with Rajkot Nagrik Sahkari Coop Bank Ltd. Besides, he had fixed deposits totalling Rs 30,72,017 with SBI. (PTI)

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    10. PM Narendra Modi assets do not include any agricultural land, nor any commercial real estate property. Regarding assets of his wife Jashodaben, the disclosure states 'not known'.(PTI)

  1. Vasant Dave
    Feb 2, 2016 at 4:57 am
    Smart way to misrepresent facts (From...to...) and create an eye-catching headline. Congratulations.
    Reply

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