The recent report by the Association of Democratic Reforms (ADR) revealed that as many as 99 percent of the ministers in the new council, or 70 out of 71, are crorepatis, with an average asset value of Rs 107.94 crores. Among these ministers, six stand out for their exceptionally high asset declarations, each exceeding Rs 100 crores. The report, providing a detailed financial overview of these ministers, highlights an average asset value of Rs 107.94 crores.
The Association of Democratic Reforms (ADR) highlighted that Dr. Chandra Sekhar Pemmasani, serving as Minister of State in the Ministry of Rural Development and Minister of State in the Ministry of Communications, tops the list with a total asset declaration of Rs 5705.47 crores, including Rs 5598.65 crores in movable assets and Rs 106.82 crores in immovable assets.
Jyotiraditya M. Scindia, Minister of Communications and Minister of Development of North Eastern Region, declared total assets worth Rs 424.75 crores, with Rs 62.57 crores in movable assets and Rs 362.17 crores in immovable assets.
H D Kumaraswamy, Minister of Heavy Industries and Minister of Steel from the Janata Dal (Secular), has total assets valued at Rs 217.23 crores, comprising Rs 102.24 crores in movable assets and Rs 115.00 crores in immovable assets.
Ashwini Vaishnaw, Minister of Railways, Minister of Information and Broadcasting, and Minister of Electronics and Information Technology, declared assets totaling Rs 144.12 crores, including Rs 142.40 crores in movable assets and Rs 1.72 crores in immovable assets.
Rao Inderjit Singh, Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation, Minister of State (Independent Charge) of the Ministry of Planning, and Minister of State in the Ministry of Culture, has total assets amounting to Rs 121.54 crores, with Rs 39.31 crores in movable assets and Rs 82.23 crores in immovable assets.
The overwhelming majority of the new ministers are crorepatis, with 70 out of the 71 ministers analyzed declaring assets in the crorepati range. This underscores a significant concentration of wealth among the country’s political leadership.
Prime Minister Narendra Modi, along with his 71 ministers, took oath on Sunday, forming the new coalition government after two full tenures during which the BJP held a majority on its own.