PM Modi has only Rs 4,700 cash in hand, no bank account in Delhi

by Seva Lamberdar Mon Feb 01, 2016 9:20 am

DELHI: Prime Minister Narendra Modi does not seem to keep much cash in hand even as his total assets have gone up to Rs 1.41 crore — largely due to a residential property that has appreciated by more than 25 times since purchase over 13 years ago.

According to the latest details of his assets disclosed by the Prime Minister's Office, Modi had total 'cash in hand' of just Rs 4,700 at the end of the last fiscal, down from Rs 38,700 disclosed mid-fiscal as on August 18, 2014.

However, the total value of Modi's movable and immovable assets during this period has grown from Rs 1,26,12,288 to Rs 1,41,14,893 as on March 31, 2015.

Modi assumed office as Prime Minister on May 26, 2014.

As per the disclosure, Modi does not own any 'motor vehicles/aircraft/yachts/ships', while he still retains his bank accounts in Gujarat. He has no bank account in Delhi.

While he has no loans, his jewellery holdings include "four pieces of gold rings" weighing approximately 45 grams with a value of about Rs 1.19 lakh as on March 31, 2015. The value of these rings has come down slightly from Rs 1.21 lakh since last disclosure as on August 18, 2014.

The latest disclosures are updated till January 30, 2016, as per the PMO website.

Modi's investments include L&T Infra Bonds (Tax Saving) worth Rs 20,000, as also National Savings Certificates worth about Rs 5.45 lakh and life insurance policies worth Rs 1.99 lakh, taking the total value of his movable assets to Rs 41.15 lakh.

The immovable assets include one-fourth part in a residential property in Gandhinagar and his share is 3,531.45 square feet with a built-up area of 169.81 square feet.

Stating that this was not an "inherited property", the disclosure mentions the date of purchase as October 25, 2002.

http://timesofindia.indiatimes.com/india/PM-Modi-has-only-Rs-4700-cash-in-hand-no-bank-account-in-Delhi/articleshow/50808224.cms

by Vakavaka Pakapaka Mon Feb 01, 2016 9:59 am

Hmm..... Obviously, Modi doesn't know how to multiply his money. How can such a man be the PM? Even an uneducated poor CONman knows how to make money. Modi should resign immediately and allow Laloo, Soonya, Jagan, A Raja, Mulayam, etc., to form the govt under the most brilliant Pappu as the PM.

by Propagandhi711 Mon Feb 01, 2016 10:08 am

Vakavaka Pakapaka wrote:Hmm..... Obviously, Modi doesn't know how to multiply his money. How can such a man be the PM? Even an uneducated poor CONman knows how to make money. Modi should resign immediately and allow Laloo, Soonya, Jagan, A Raja, Mulayam, etc., to form the govt under the most brilliant Pappu as the PM.

our comrade reddy gaaru will be very upset at this new development. what kind of leader cant even build a proper bank balance and lotus pond residence atleast?

by Seva Lamberdar Mon Feb 01, 2016 11:10 am

Vakavaka Pakapaka wrote:Hmm..... Obviously, Modi doesn't know how to multiply his money. How can such a man be the PM? Even an uneducated poor CONman knows how to make money. Modi should resign immediately and allow Laloo, Soonya, Jagan, A Raja, Mulayam, etc., to form the govt under the most brilliant Pappu as the PM.

That explains why Rashmun is not a fan of Modi.

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PM Modi has only Rs 4,700 cash in hand, no bank account in Delhi

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