Ram Vilas Paswan & his wife’s wealth up by only Rs 14 lakh in 2015-16

By: |
New Delhi | August 25, 2016 5:03 PM

Personal wealth of Union Food Minister Ram Vilas Paswan and his wife has increased by over Rs 14 lakh to Rs 1.21 crore in 2015-16 on back of higher cash and bank balance.

 

According to the declaration of assets and liabilities for 2015-16 posted on the PMO website, Paswan and his wife's total personal wealth, including movable and immovable assets, stood at over Rs 1.21 crore in 2015-16 as against about Rs 1.07 crore in the previous year. (Reuters)According to the declaration of assets and liabilities for 2015-16 posted on the PMO website, Paswan and his wife’s total personal wealth, including movable and immovable assets, stood at over Rs 1.21 crore in 2015-16 as against about Rs 1.07 crore in the previous year. (Reuters)

Personal wealth of Union Food Minister Ram Vilas Paswan and his wife has increased by over Rs 14 lakh to Rs 1.21 crore in 2015-16 on back of higher cash and bank balance.

 

According to the declaration of assets and liabilities for 2015-16 posted on the PMO website, Paswan and his wife’s total personal wealth, including movable and immovable assets, stood at over Rs 1.21 crore in 2015-16 as against about Rs 1.07 crore in the previous year.

Out of Rs 1.21 crore wealth, Paswan held assets worth over Rs 52 lakh and his wife the rest Rs 69.56 lakh.

As per the declaration, Paswan’s deposits/FDs in two bank accounts increased to Rs 30.50 lakh in 2015-16 from Rs 24.58 lakh in the previous year. His wife’s deposits rose to Rs 34.11 lakh from Rs 26.92 lakh in the said period.

The minister’s cash in hand fell to Rs 50,000 from Rs 56,000, but his wife’s jumped to Rs 78,500 from Rs 43,000 in the same period.

In the case of immovable property, LJP chief Paswan — a key ally of the NDA government — owns 15 acres of agri-land in Khagaria district of Bihar. The valuation of the agri-land has remained unchanged at Rs 15 lakh in the previous fiscal.

The minister also owns a 2,432-sq ft flat in Patna worth Rs 6,00,000 while his wife has a 4,500-sq ft house in Mehrauli, Delhi, valuing Rs 7,00,000. The value of these two properties has not increased in 2015-16.

Paswan’s wife holds 700 grams gold jewellery worth Rs 20.30 lakh which she had inherited from her mother-in-law. There is no change in the value of the gold in the period under the review.

She also has a proprietorship firm named C N Enterprises, the valuation of which has increased to Rs 7,35,689 in 2015-16, from Rs 6,50,000 in 2014-15. She also owns a petrol pump in Delhi.

Paswan is a senior Cabinet minister holding food, public distribution and consumer affairs portfolio in the NDA government led by Narendra Modi.

His ministry is responsible for implementation of the landmark National Food Security Act, under which highly subsidised foodgrains are supplied via ration shops to the poorest of poor. He is also responsible for ensuring availability of essential commodities at a reasonable price.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Assam violence: CM Himanta Sarma defends police action, says cannot demean state govt using one video
2PM Modi holds first bilateral meeting with US President Joe Biden
3Delhi HC stays NCDRC order of 3-year jail to Supertech MD, directs Rs 50 lakh be paid to home buyer