Geo World

Indian president voluntarily declares her assets

NEW DELHI: The largest democracy in the world India’s president Pratibha Patil has become the first president to voluntarily declare the details of her assets setting an example not only for the world but for the neighbouring countries also to emulate such worthy step taken by her. Patil, who completed four years in office today, posted on her website www.presidentofindia.nic.in/assets.html the details of immovable properties worth Rs8.383 million and movable assets worth Rs16.6 million. The president has a house in Amravati district of Maharashtra worth Rs3.96 million and a 3.82 hectares farm house worth Rs0.982 million. She has inherited 3.57 hectares agricultural land worth Rs0.781 million from her father in Jalgaon and another land worth Rs2 million in Dhule district. Patil had purchased two agricultural plots of 1.19 hectares and 1.49 hectares in Jalgaon district in 1997-98 worth Rs0.364 million and Rs0.29 million respectively. For immovable properties, the president has primarily relied on traditional modes of investment like fixed deposits, PPF, gold and bonds of infrastructure companies. She has fixed deposits in various banks worth Rs6.88 million, investment worth Rs2.9 million in Rural Electrification Corporation Limited bonds, Rs0.471 million in Post Office Savings Scheme and Rs1.26 million in Public Provident Fund of the State Bank of India, according to the property statement of March 31, 2011. She has gold jewellery worth Rs3.1 million and silver articles worth Rs69,134 as well as Rs1.633 million in her savings bank accounts, besides Rs0.187 million cash in hand. As far as the share market is concerned, the president has invested only Rs21,775. She has also invested Rs66,640 in Sanjivini Savings and Investments Limited.