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| Indian Ministers |
I am starting this series to analyze the assets (and liabilities) declared recently by the cabinet ministers of India. This post would also highlight few of the interesting observations that came out from these documents. And to begin with, none other than our honorable Prime Minister can hold the number one position in this series. I am trying to focus on the position capabilities versus their declared assets /liabilities( if any) of various cabinet members.
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| Dr. Manmohan Singh (born 26 September 1932) |
The prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system.
He (/she) selects and can dismiss other members of the cabinet, allocates posts to members within the Government and is the presiding member & chairman of the cabinet and is responsible for bringing proposal of legislation.
Dr. Manmohan Singh is among the few dignitary members who finally appreciated people's concern towards the exponentially growing corruption and seen active soon after team Anna's protest.
Once ranked among the top 100 influential people in the World, Mr. Singh took a real long time to start taking right decision at right time and making others follow to it.
Coming over to his declared assets, I found following five interesting points:
- Mr. Singh is a loyal customer of State bank and holds over Rs. 3.7 Million rupees in five different accounts/banks.
- He believes in saving money for future use and maintains five different term deposits in his preferred bank(s) with a term total term deposit of Rs. 28.4 Million.
- He is a risk averse investor and do not like investing in shares etc.
- He rather likes to invest in Post office to get tax benefits.
- Still maintains same old Maruti 800 and do not believe in upgrading to a new and high tech high end vehicle.
And the following table gives you an overview of his assets in India:
A man with such a simple life and half a billion of assets says that he holds just Rs. 15000 in cash sounds interesting. And thus the "aam aadmi" is forced to think about the legitimacy of this publicly declared information...
Comments
I think it’s high time for mango man to keep enjoying the show.
And now he is into action mode and wants to show the world that how less mortals like us can slice and dice the little information provided from the higher forms of life...And the insights that he can draw may actually question the stable life of better-offs'.
BTW one should take lead to suggest Mr. Singh to go for an upgrade :)