President declares assets

President Pratibha Patil on Monday made public her movable and immovable properties which total to Rs. 2.49 crore. The First Citizen of the country took the step following a request by the Central Information Commission to take a decision on the lines of the Prime Minister.

The President, now on a week-long official visit to South Korea and Mangolia, posted the details of the immovable properties worth Rs. 83.83 lakh and movable assets worth Rs. 1.66 crore on her >website. The first woman President of India, Pratibha Patil also completed four years in office on Monday.

The President owns a residential house and a farmhouse in Amravati district of Maharashtra. She also owns two pieces of agricultural land in Jalgaon district and another one in Dhule which she inherited from her father.

While the house in Amravati is worth Rs. 39.60 lakh, the 3.82 hectares farm house has been valued at Rs. 9.82 lakh. She had purchased two agricultural plots of 1.19 hectares and 1.49 hectares in Jalgaon district in 1997-98 which are worth Rs. 3.64 lakh and Rs. 2.90 lakh respectively.

For movable assets, the President has relied on traditional modes of investment such as 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 statement as on 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.

Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jan 20, 2022 8:46:31 AM |

Next Story