THE VALUE of Prime Minister Narendra Modi’s movable assets increased by Rs 26.13 lakh during 2021-22 — and he no longer owns any immovable property after donating his share in a residential plot in Gujarat, according to his latest declaration of assets on the Prime Minister’s Office (PMO) website.
With details provided upto March 31, 2022, the declaration shows that Modi’s movable assets increased from Rs 1,97,68,885 at the end of March 2021 to Rs 2,23,82,504. This includes a fixed deposit, bank balance, National Savings Certificates, life insurance policies, bank balance, jewellery and cash in hand.
The Prime Minister has mentioned “NIL” in the column for immovable assets. A note under the list states: “Immovable property Survey No. 401/A was jointly held with three other joint owners and each having an equal share of 25%, is no more owned by the self as the same has been donated.”
In last year’s declaration, Modi had listed a one-fourth share (3,531.45 sq ft) in a residential plot located at Survey No. 401/A, Sector-1, Gandhinagar, which measured 14,125.80 sq ft in total with an overall market value of Rs 1.10 crore.
Previous declarations show that Modi had acquired this property jointly with three other owners on October 25, 2002, when he was Chief Minister of Gujarat. At the time of purchase 20 years ago, the cost of the property was Rs 1,30,488 — an expenditure of Rs 2,47,208 was incurred as investment by way of development and construction.
An analysis of movable assets listed by the Prime Minister shows that the amount of cash in hand has come down marginally — from Rs 36,900 last year to Rs 35,250. His bank balance has also dipped to Rs 46,555 from Rs 1,52,480 as on March 31, 2021.
The latest declaration shows that his bank FDR and MOD balance has increased to Rs 2,10,33,226 from Rs 1,83,66,966 at the end of March 2021.
Last year, the Prime Minister had declared Rs 20,000 as investment in L&T Infrastructure Bond (Tax Saving), which he purchased in January 2012 when he was Chief Minister. This investment does not figure in the 2022 declaration.
The value of his investment in National Savings Certificates (Post) has increased to Rs 9,05,105 from Rs 8,93,251 a year ago. Similarly, the value of his life insurance policies has increased from Rs 1,50,957 to Rs 1,89,305 during this period.
The Prime Minister’s declaration includes four pieces of gold rings (weighing about 45 grams) and valued at Rs 1,73,063 — up from Rs 1,48,331 a year ago.
In the column on details of assets owned by the spouse, the Prime Minister has stated, “Not known”.
The PMO website also shows the latest declarations of 10 Central ministers: Rajnath Singh, R K Singh, Dharmendra Pradhan, Hardeep Singh Puri, G Kishan Reddy, Jyotiraditya Scindia, Parshottam Rupala, V Muraleedharan, Fagan Singh Kulaste — and Mukhtar Abbas Naqvi who relinquished charge on July 6, 2022.
Out of 30 Cabinet ministers, the asset details of eight ministers are available, and of 45 Ministers of State, details for two are listed. The property details of two Ministers of State (Independent Charge) are not available.
Among the Union ministers, the value of movable assets owned by Defence Minister Rajnath Singh has increased by Rs 29.58 lakh from Rs 2.24 crore to Rs 2.54 crore as on March 31, 2022. He has reported the same value of immovable properties — Rs 2.97 crore — as shown during the last two years.
Singh has reported an increase of Rs 8.51 lakh in the value of assets owned by his spouse Savitri Singh — from Rs 56 lakh last year to Rs 64.51 lakh.
The value of Education Minister Dharmendra Pradhan’s net assets has increased from Rs 1.62 crore at the end of March 2021 to Rs 1.83 crore. Pradhan has reported the value of net assets of his spouse Mridula T Pradhan at Rs 2.92 crore — an increase of Rs 11.53 lakh from last year.
Animal Husbandry Minister Parshottam Rupala has reported a net worth of Rs 7.29 crore — an increase of Rs 1.42 crore from last year. Rupala reported a net worth of Rs 5.59 crore for his spouse Savitaben Rupala — an increase of Rs 45 lakh from last year.
Civil Aviation Minister Jyotiraditya Scindia has reported total assets of Rs 35.63 crore and liabilities of Rs 58 lakh as on March 31, 2022. His spouse, Priyadarshini Raje Scindia, has reported assets of Rs 14.30 lakh and liabilities of Rs 74,000.
Culture Minister G Kishan Reddy has reported total assets of Rs 1.43 crore. He has also reported worth Rs 8.21 crore of movable and immovable assets and Rs 75.16 lakh in liabilities in the name of his spouse, G Kavya.
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