Government Employees Bound to Furnish Annual Details of Assets by Modi Govt

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In the latest move by the Narendra Modi government, all the government employees have been made to declare their assets as part of the anti-corruption Lokpal law enacted in December.

All the government employees, except peons, have to furnish their details of assets and those of their family members by July every year while for this year, the deadline is September 15.

About 23 Lakh government employees have to put in details of cash, bank deposits, bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund and personal loans.

The declaration form will also asks for details like motor vehicles, aircraft, yachts or ships, gold and silver jewellery and bullion owned by them or their family members.

Employees whose assets is not more than their four months’ basic pay or Rs. two Lakh, whichever is more, are exempted from declaring their details.

Medaram Jathara

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