PM Asks Ministers to Disclose Assets


New Delhi, Jun 7 (IANS): Prime Minister Manmohan Singh has directed his council of ministers to declare their personal assets and business interests, along with that of their spouses and dependants - an annual exercise to maintain transparency.

The prime minister's move comes in the wake of a spate of scandals such as the 2G spectrum allocation and telecom licensing controversy involving former communications minister A. Raja and Textiles Minister Dayanidhi Maran, and the tiff with yoga guru Baba Ramdev and Gandhian Anna Hazare's team on the Lokpal Bill drafting panel.

The ministers have been told to submit the details before Aug 31 in accordance with the code of conduct for ministers, in a letter written by Cabinet Secretary K. M. Chandrasekhar June 2.

"I have been directed by the prime minister to apprise you of the declarations required to be made by a member of the union council of ministers in accordance with the code of conduct for ministers, a copy of which is enclosed," Chandrasekhar said in the letter to the ministers.

"In this connection, I am to inform you that in terms of the Code of Conduct details in respect of assets, liabilities business interests conduct and management of any other business and employment of spouse and dependents under a foreign government or organisation are required to be disclosed by the members of the union council of ministers," he said.

The code mandates the disclosure before Aug 31 every year of assets, liabilities, business interests of the ministers and their family members that would include immovable property, value of shares and debentures, cash holding and jewellery, for the financial year for which income tax return has already been filed.

It also includes reporting to the prime minister - or the chief minister for state governments - the setting up or management or conduct of any other business by the ministers' family members.

The code also stipulates that a minister should not permit their spouse and dependants to accept employment under a foreign government, in India or abroad, or in a foreign organisation (including commercial concerns) without prior approval of the prime minister.

If the spouse or dependant of a minister is already in such an employment, this has to be reported to the prime minister for a decision whether such an employment should or should not be continued.

As a general rule under the code, the ministers' spouse or dependants are totally prohibited from employment with a foreign mission.

  

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Comment on this article

  • Arun CK, Mangalore

    Tue, Jun 07 2011

    Whats the use ?..Even Yeddi says he has only 10 lakh rupees and two acre Arecnut farm in Shimoga. Gowdaji says he has 20 lakhs in cash 2 tractor in Hassan and 10 pawan gold with his wife. HDK says he has one house in bangalore & one in Mangalore thats all. How can we trust the ones who s ?. Black money investments & business run flourishingly in Proxy names.
    Anyways Anna's campaign is showing some positive effect. However whatever they either in the state or center EC should probe it before excepting anyone's nomination papers.

    DisAgree Agree Reply Report Abuse

  • Lancy, Mangalore/USA

    Tue, Jun 07 2011

    Not only Ministers but all MP'S too should .

    DisAgree Agree Reply Report Abuse

  • asheony, mangloor

    Tue, Jun 07 2011

    Given the spectrums and corruption scandals taking place under the administration of this PM, is he in control or just holding on as PM in his old age?

    DisAgree Agree Reply Report Abuse

  • Bulsam, Mangalore

    Tue, Jun 07 2011

    Though a late decision by Mr. Prime Minister, it’s better late than never. Good luck!
    Please heed to all the demands of Anna Hazare and change the face of this great country for better tomorrow.

    DisAgree Agree Reply Report Abuse

  • lukas, malpe

    Tue, Jun 07 2011

    not only politician all Religious leaders whoever will start trust should announce thier assets before start any trust.corruption is there in india all the field not only in politics.atleast politician will spend money when there is election.

    DisAgree Agree Reply Report Abuse

  • Max and Jessie Rasquinha, Mangalore, Houston/Dallas

    Tue, Jun 07 2011

    Great idea, Mr. Prime Minister. Thank you for your wise and honest leadership that has created so many new and positive milestones in our great nation to move forward with a greater sense of honesty and dignity.

    India has also been blessed with some of the finest leaders thru whose guidance we are moving forward slowly but progressively.

    In this fast moving technological world, human temptations are too deep and many times unavoidable, but we have the gift of blessings thru your wise and honest leadership. Most of our elected leaders will gradually follow your footsteps and lead our vast and noble nation towards the pathway of progress and prosperity.

    We from a distance pray to God that your leadership and your teamwork of integrity will integrate deeply and vigourously amongst the masses of India where lies the diversity of generations, cultures, languages and faiths.

    India as a great nation cannot fail and should not fail while there is so much of unrest and uncertainty in many other parts of the world. May God help and protect you and your team to carry on the journey of success, which success will permeate towards billion plus people of Mahabaratha.

    DisAgree Agree Reply Report Abuse

  • harish, mangalore

    Tue, Jun 07 2011

    Mr.Puppet
    I think u r acting
    u r rubber stamp
    don't fhol the educated people

    DisAgree Agree Reply Report Abuse

  • Ganesh, Mangaladevi, Mangalore

    Tue, Jun 07 2011

    Well Done PM.
    what about Reddy Brothers.

    DisAgree Agree Reply Report Abuse


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