Barring peons and multi tasking staff, all the government staffers have to furnish details of their assets from the 31st March to 31st July every year. The deadline for the current year is 15th September.

The approximate number of the government staffers to disclose Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns is 23 lakhs.

To disclose assets, the employees have to fill a form declaring the possession of any sort of ‘motor vehicles, aircraft, yachts or ships, gold and silver jewelry and bullion’ owned by them or their family members.

Details of cash, bank deposits, bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund and personal loans will also be shared.

 

Highlights
Narendra Modi government has ordered that all the Central government employees need to declare their assets and liabilities
The staffers have to disclose not only their assets but also of their spouses and dependent children as part of the anti-corruption drive under the Act
Peons and multi tasking staff have been exempted from the formality
The time span to deposit the details of assets will date from 31st March to 31st July every year
The deadline for the current year is 15th September
Details of cash, bank deposits, bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund and personal loans will also be shared
Code also asks ministers to avoid accepting gifts, freebies or loans that may prevent them from doing justice to their work
The officials are  also told to act only in public interest

Employees may be exempt from declaring their assets only if it is not more than their four months' basic pay or Rs two lakh, whichever is more.

Just after Modi-led NDA government took charge at the Centre, the Department of Personnel and Training (DoPT) had written to all ministries to bring to their notice provisions of the rules for compliance by all employees working under them.

The strict code also requires ministers to avoid accepting gifts, freebies or loans that may prevent them from doing justice to their work.

The officials were also told to act only in public interest.

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