Average value of a Minister's assets as per PMO declarations is Rs 10.6 crores



The Union Council of Ministers have declared their assets as of 2011. Association for Democratic Reforms and National Election Watch have analyzed this data and compared it with the Ministers' asset declarations in 2009. Though about 19 ministers have not disclosed values of several movable and immovable property, the declarations suggest that on an average a Minister's asset value in 2011 is 3.3 crores more than a Minister's asset value in 2009.  

These are the highlights:

· 77% of our Ministers (59 out of 77) are crorepatis based on their declarations to Prime Ministers Office (PMO).

· The average asset value of a minister's assets in the current ministry is Rs. 10,63,55,097 (Rs 10.6 crores). In 2009, the average asset value of a minister was Rs 7.3 Cr.

· The current ministers on an average are Rs 3.3 Cr richer than in 2009. This is inspite of the fact that 19 ministers in their 2011 declarations to PMO have not given the value of several of their movable and immovable assets.

· The highest asset increase in rupees has been for Dr. S. Jagathrakshakan of DMK whose assets show an increase of Rs. 64.5 crores in two years (from 5.9 crores in 2009 to 70 crores 2011). He is followed by Praful Patel with an increase of Rs 42 Crores (from 79.8 crores in 2009 to 122 crores in 2011) and Kamal Nath with an increase of Rs 26 Crores (from 14 crores in 2009 to 41 crores in 2011)

· The highest asset increase percentage wise has been for Dr. S. Jagathrakshakan (DMK). His assets have grown by 1092%. He is followed by Smt. Panabaka Lakshmi (INC) with a growth of 828% in her assets and Shri Tusharbhai Chaudhary (INC) with a growth of 705%in his assets.

· The richest Minsters are Praful Patel (assets worth 122 crores), S. Jagathrakshakan (assets worth 70 crore) and Kamal Nath (assets worth 41 crore)

· 15 ministers have shown a decrease in their assets as compared to the assets they declared in 2009. 6 of them have not given the value of several of their assets.

 Mr. Anil Bairwal -  8010394248
 (For more details, please visit: http://myneta.info)

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