Months before demonetisation, many ministers had large amount of cash in hand: Report

The Code of Conduct for Ministers requires them to declare their assets and liabilities in addition to other financial dealings with the Prime Minister 's office annually.

By: Express Web Desk | New Delhi | Updated: December 2, 2016 4:54 pm
 Demonetisation, demonetisation news, Narendra Modi, Arun Jaitley, Arun Jaitley-cash in hand, demonetisation-modi, queues, MPs cash in hand before demonetisation, Code of Conduct Union Finance Minister Arun Jaitley. (PTI Photo)

With the Central government demanding transparency from its own MPs and people being forced to stand in serpentine queues before banks in the wake of demonetisation move, a report has emerged that a number of ministers had large cash holdings in their possession as on March 31, 2016.

As per the data assembled by the Commonwealth Human Rights Initiative, only 40 out of 76 Ministers have divulged details regarding the amount of cash they had in hand. The Code of Conduct for Ministers requires them to declare their assets and liabilities in addition to other financial dealings with the Prime Minister ‘s office annually.

According to the CHRI report, the biggest amount of cash in hand in the Council of Ministers was declared by Union Finance Minister Arun Jaitley (more than Rs. 65 lakh). Shripad Yesso Naik , Minister of State (Independent) and Hansraj Ahir, MoS (Home) followed him with Rs. 22 lakh and Rs. 10 lakh respectively, The Hindu reports, adding that 23 of them had under Rs 2 lakh in cash while 15 had cash above 2.5 lakh.

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While Prime Minister Narendra Modi’s declared cash possession stood at Rs 89,700, a number of senior functionaries, including Transport Minister Nitin Gadkari, Defence Minister Manohar Parrikar and Water Resources Minister Uma Bharti did not comply with the Code of Conduct by not declaring their assets.

The details furnished by most of the Union Ministers as on March 31 can be accessed on the official website of the Prime Minister’s office.

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First Published on: December 2, 2016 11:34 am
  1. M
    M.Kuriakose
    Feb 3, 2017 at 1:27 pm
    WHERE HAS THIS MONEY VANISHED ...???? THE MINISTER's OWE THE NATION ..A REPLY ...!!! " TRANSPARENT GOVERNANCE " ...deed ...!!!!
    Reply
    1. M
      Mathura
      Dec 2, 2016 at 11:42 am
      Psycho pseudo cheer leader chest beating deshbakts have ably supported availability of large amount of hard cash with Ministers of present regime. Probably they will also support 20 lakh new currency caught in chennai a day back. Double standards economy being suggested/ promoted by these chest beating deshbakts
      Reply
      1. A
        Alab
        Dec 2, 2016 at 9:42 am
        Is it cash in hand or cash in Bank ? This needs to be clarified.otherwise it would be like Devil quoting the Bible
        Reply
        1. A
          ashok s
          Dec 2, 2016 at 9:11 am
          Gufiyabandhi
          Reply
          1. H
            Harish
            Dec 2, 2016 at 10:23 am
            Issue is how can FM justify holding 65 lacs in cash as 31.03.2016 when he wants the entire country including poor people living in the remote villages to switch to cashless payments like payTM, cheque, credit/debit card etc? The issue is moral standards of ministers who wants every body to switch to cashless when they themselves are in cash mode.. And we will all be sure that Jaitley might have disposed of all this cash quietly before the announcement was made
            Reply
            1. H
              Harish
              Dec 2, 2016 at 10:18 am
              It is cash in hand. Cash in bank has been mentioned separately. You can access the details online. Wonder how the FM can lecture the people for switching to Cashless transactions when he himself is holding so much cash in hand.
              Reply
              1. H
                harun
                Dec 2, 2016 at 12:04 pm
                Ghadkari did not declare his cash.lt;br/gt;lt;br/gt;So much for his wearing chaddi
                Reply
                1. P
                  Pillai
                  Dec 2, 2016 at 1:33 pm
                  'Sundar' is not a name suitable to you. A your father to change it.
                  Reply
                  1. K
                    kane
                    Dec 2, 2016 at 8:55 am
                    By their pre-election declaration itself, there are 72 taxpaid crorepatis among Modi's 78 ministers. Its declared officially. Google 72-crorepatis-in-narendra-modi-s-council-of-78-ministers.lt;br/gt;lt;br/gt;Which means these ministers may have as per their own declarations, a lot of cash. This report is based on the cash in hand of their declarations as of 31st March 2016.lt;br/gt;lt;br/gt;Therefore this kind of news is nothing but trying to throw mud any which way one can in order to see if any sticks at all. Otherwise known as FAKE NEWS.
                    Reply
                    1. K
                      kane
                      Dec 2, 2016 at 9:51 am
                      Fact: This report is apparently produced based on the 31st March, 2016, declation of tax from Modi's ministers 72 of them out of 78 are crorepatis anyway. by Commonwealth Human Rights Initiative. lt;br/gt;lt;br/gt;Fact 2: Commonwealth Human Rights Initiative. is lead by a team of Wajahat Habibullah and others of the same insute - B. K. Chandrashekar, Nitin Desai, Sanjoy Hazarika, Kamal Kumar, Poonam Muttreja, Ruma Pal, Jacob Punnoose, A P Shah, Maja Daruwala. lt;br/gt;lt;br/gt;Fact 3: Wajahat Habibullah is a winner of Rajiv hi Award for Excellence in Secularism-1994.lt;br/gt;lt;br/gt;Fact 4:Wajahat Habibullah Panchayat Raj minister in Congress. government.lt;br/gt;lt;br/gt;The facts speak for themselves. There is no ad-hominem attack. Its called Conflict of Interest in jurisprudence.
                      Reply
                      1. K
                        kane
                        Dec 2, 2016 at 9:20 am
                        If we analyse the news a little more in depth what do we find. lt;br/gt;lt;br/gt;This report is apparently produced based on the 31st March declation of tax from Modi's ministers 72 of them (out of 78 are crorepatis anyway.) by Commonwealth Human Rights Initiative.lt;br/gt;lt;br/gt;Who are they? They have their headoffice in New Delhi, London and Ghana.lt;br/gt;lt;br/gt;Their Chief in Delhi is Wajahat Habibullah, a IAS officer of Congress times was also a Panchayat Raj minister in Congress government and awared Rajiv hi Award for Excellence in Secularism-1994. A Doon School and St. Stephens graduate. lt;br/gt;lt;br/gt;To me it seems a little suspect for Commonwealth Human Rights Initiative led by Wajahat Habibullah and others of the same insute (B. K. Chandrashekar, Nitin Desai, Sanjoy Hazarika, Kamal Kumar, Poonam Muttreja, Ruma Pal, Jacob Punnoose, A P Shah, Maja Daruwala) who were given high positions by Congress coterie culture of Lutyens Delhi to present this kind of Fake News. lt;br/gt;lt;br/gt;To me it looks The hi's have requested some of their blessings beneficiaries to come out with a Fake News report here. lt;br/gt;lt;br/gt;By the way methinks....lt;br/gt;Modi killed 4 birds with one stone!lt;br/gt;The Black(-money) bird,lt;br/gt;The Maoist eagle,lt;br/gt;The ISI owllt;br/gt;and Islamist (hurriyat) hawk.
                        Reply
                        1. S
                          subramanian kannan
                          Dec 2, 2016 at 11:12 am
                          Also lt;br/gt;1. represented as a Model for JIOlt;br/gt;2.represented model for Paytmlt;br/gt;3 4G loot no paper is reportinglt;br/gt;4.State autonomy / self respect
                          Reply
                          1. K
                            Kudallur Venkat Raman
                            Dec 2, 2016 at 6:49 am
                            It is baffling to know from a section of the media with the headline ‘Many Ministers had large cash holdings’ when the Centre’s demonetization of Rs.500 and 1000 notes came into effect and which has forced the country’s potion to queue up in front of banks cooperative, private and nationalized banks, it has not to any extent have had any magnitude of impact on the Politicians and Ministers in particular, who seem to be relatively absent from these lines. lt;br/gt;lt;br/gt;Reportedly a number of high-profile Ministers, including Transport Minister Nitin Gadkari, Defence Minister Manohar Parrikar and Water Resources Minister Uma Bharti have not declared their ets with the Prime Minister’s Office.lt;br/gt;lt;br/gt;Moreover, the heading ‘Many Ministers had large cash holdings’ is somewhat misleading. It should be ...cash holdings as per books. What is a big thing; even a postman carries huge cash holdings (Money Order) and loiters on the street, so a Finance Minister of the largest Democratic Republic Arun Jaitley must hold more cash balance to spend for the poor. Further, only income is taxable and not any Bank/Cash Balances. Law makers are above the Law to make laws for citizens; hence they cannot be expected to follow the laws made by them for the citizens. Laws made by the Previous Law makers are not useful for them in the present regime, vice versa. PLAYERS CHANGE, GAME CONTINUES.lt;br/gt;KVRaman
                            Reply
                            1. N
                              Nityananda
                              Dec 2, 2016 at 12:08 pm
                              If he killed all these birds, presumably the Jaish pigeon carried out the Nagrota Army base attack.
                              Reply
                              1. P
                                Parth Garg
                                Dec 2, 2016 at 9:30 am
                                Those who are with the Government like Yes Men are all patriots and above board. All others' intentions are suspect is the crux of the politics today.
                                Reply
                                1. P
                                  Pradeep Phadke
                                  Dec 2, 2016 at 10:46 am
                                  What about cash in hand with leaders of opposition parties?
                                  Reply
                                  1. S
                                    Sveltein Jacob
                                    Dec 2, 2016 at 9:08 am
                                    Muck!!!!!!
                                    Reply
                                    1. P
                                      P M
                                      Dec 2, 2016 at 9:17 am
                                      FAKE PM .. FAKE MP FAKE FOLLOWERS .. blaming news as FAAKKE NEWSS... all I can say total muck ..
                                      Reply
                                      1. V
                                        V.V.Chandrasekaran
                                        Dec 2, 2016 at 4:32 pm
                                        Arun Hailey must explain how he had deposited more than 2.5 lakh since he must have filled IT returns already for the amount,even holding cash is not proper.Gadkari has not even declared his ets and the PM has,had no time because he was always flying to ask him why he has not declared his ets.Gadkari is more keen to collect tolls for I'll maintained roads while Modi urges farmers and commoners to sacrifice for the country after throwing them out on streets begging paper notes. The government never bothered to supply notes to the farmers nor supplied seeds and urea.B it says Cooperative banks would have changed black money abusing supply of money.The morons ruling the Nation wholly destro the Nation and shattered the lives of the poor people.This government is for the rich ,of the rich but voted by the gullible.
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