Monday, July 25, 2011

Online, President Patil declares assets worth Rs. 2.49 crores


New Delhi:  President Pratibha Patil today made public her movable and immovable properties worth over Rs. 2.49 crore after the Central Information Commission requested her to take a decision on the lines of the Prime Minister.

Patil, who completed four years in office today, posted on her website http://www.presidentofindia.nic.in/assets.html the details of immovable properties worth Rs. 83.83 lakh and movable assets worth Rs. 1.66 crore.

The President has a house in Amravati district of Maharashtra worth Rs. 39.60 lakh and a 3.82 hectares farm house worth Rs. 9.82 lakh. She has inherited 3.57 hectares agricultural land worth Rs. 7.81 lakh from her father in Jalgaon and another land worth Rs. 20 lakh in Dhule district.

Patil had purchased two agricultural plots of 1.19 hectares and 1.49 hectares in Jalgaon district in 1997-98 worth Rs. 3.64 lakh and Rs. 2.90 lakh respectively.

For immovable properties, the President has primarily relied on traditional modes of investment like fixed deposits, Public Provident Fund (PPF), gold and bonds of infrastructure companies.

She has fixed deposits in various banks worth Rs. 68.80 lakh, investment worth Rs. 29 lakh in Rural Electrification Corporation Limited bonds, Rs. 4.71 lakh in Post Office Savings Scheme and Rs. 12.60 lakh in PPF of the State Bank of India, according to the property statement of March 31, 2011.

She has gold jewellery worth Rs. 31 lakh and silver articles worth Rs. 69,134 as well as Rs. 16.33 lakh in her savings bank accounts, besides Rs. 1.87 lakh cash in hand.

As far as the share market is concerned, the President has invested only Rs. 21,775. She has also invested Rs. 66,640 in Sanjivini Savings and Investments Limited.

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