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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  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
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