Finance Minister Arun Jaitley’s Wealth Declines By Rs 6 Crore In A Year

Finance Minister Arun Jaitley's movable assets were valued at Rs 9.34 crore in FY16 as against Rs 9.10 crore in FY15.

New Delhi: Union Finance Minister Arun Jaitley’s wealth declined by Rs 6.02 crore (8.9 per cent) to Rs 60.99 crore in fiscal year 2015-16, as against Rs 67.01 crore in the previous fiscal year (2014-15), according official data.

“Jaitley’s personal assets, including movable and immovable were Rs 60.99 crore in 2015-16 as against Rs 67.01 crore in 2014-15,” data posted at the Prime Minister of India website said.

Among the wealthiest in the Union Cabinet, only assets and liabilities of Mr Jaitley have been put in the public domain for fiscal year 2016 so far.

Prime Minister Narendra Modi’s declared assets, however, increased by Rs 15 lakh to Rs 1.41 crore in fiscal year 2014-15 from Rs 1.26 crore in fiscal year 2013-14.

PM Modi’s assets include his Gandhinagar property, valued at Rs 1 crore.

Though the finance minister’s properties – residential and commercial – were pegged at the same market valuation for both fiscal years (FY16 and FY15), the decline was in his bank balance, cash in hand and the number of vehicles owned by him.

“Jaitley’s bank balance in four savings accounts (three in HDFC Bank and one in State Bank of India) reduced to Rs 1 crore in FY 2016, from Rs 3.52 crore in FY 2015,” the data revealed.

In both fiscal years under review, the finance minister held company deposits worth Rs 17 crore – Rs 9 crore in Empro Oils Ltd and Rs 8 crore in DCM Shriram Consolidated Ltd.

As per the record, Mr Jaitley made no other investments though he had invested Rs 2 crore in fiscal year 2013-14.

“Jaitley had Rs 65.29 lakh cash in FY 2016 as against Rs 95.30 lakh in FY 2015. His Public Provident Fund (PPF) has gone up to Rs 25.69 lakh in last fiscal from Rs 22.18 lakh in FY 2015,” the data showed.

The finance minister’s movable assets were valued at Rs 9.34 crore in FY16 as against Rs 9.10 crore in FY15.

Mr Jaitley has given unspecified advance for properties valued at Rs 75.6 lakh in FY16 as against Rs 75 lakh in FY15.

The minister owns four vehicles – two Mercedes, one Honda Accord and Toyota Fortuner, with a combined value of Rs 1.93 crore in FY16 as against five vehicles, including a BMW priced at Rs 86 lakh, in FY15.

The value of 5.6 kilograms of gold owned by Mr Jailey is pegged at Rs 1.35 core in FY16 as against Rs 1.25 core for the same quantity in FY15.

The value of 15 kgs of silver is valued at Rs 5.54 lakh in FY16 as against Rs 5.67 lakh in FY15, while that of his diamonds has been Rs 45 lakh for the past three fiscal years.

The finance minister owns six residential properties jointly with his wife – in Delhi, Gurgaon (Haryana), Amritsar (Punjab) and Gandhinagar (Gujarat). He also has land and commercial properties across cities, the data added.

Story first published on: July 02, 2016 16:07 (IST)

Tags: Arun Jaitley, Arun Jaitley personal wealth, Arun Jaitley personal assets,Arun Jaitley assets declaration, Arun Jaitley assets, Arun Jaitley bank balance,Arun Jaitley Enpro Oils deposit, Arun Jaitley DCM Shriram Consolidated deposit


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