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Where do politicians like PM Modi, Amit Shah put money in the market; Who became rich and whose wealth decreased

PM Narendra Modi Assets: The total wealth of PM Modi has increased this year. By June 30, 2020, PM Modi’s assets have increased to Rs 2.85 crore. It has increased by Rs 36 lakh compared to the year 2019. At the same time, the property of Union Goh Minister Amit Shah has decreased slightly compared to last year. He has suffered this year due to fluctuations in the stock market. There have not been many alterations in the property of Defense Minister Rajnath Singh. In fact, the Union Council of Ministers including PM Narendra Modi has announced its assets, which is also mandatory now. Full details of this can be seen at www.pmindia.gov.in. The property details of the remaining politicians are as of 31 March 2020. While the details of PM Modi’s assets are till 30 June 2020.

Where is Modi’s money deposited?

Last year, PM Modi’s assets were worth Rs 2.49 crore. Whereas by 30 June 2020, his assets had increased to 2.85 crores. In fact, PM Modi’s assets have increased, especially through close investment in banks and many other safe instruments. PM Modi’s money is deposited in safe options like a bank savings account, National Savings Certificate, FD and tax-free bonds. They have received 3.3 lakh returns from banks and 33 lakh rupees from other means.

PM Modi’s salary: Rs 2 lakh per month
Cash on hand: Rs 31,450
3.38 lakhs in a savings account
Fixed Deposit Value: Rs 1,60,28,039
Tax-Free Bond: Rs 20,000
Post Office NSC: Rs 843124
LIC: Rs 150957
Immovable Property: 25% share in 1.1 crore house in Gandhinagar

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Home Minister Amit Shah: Where do you spend money?

Home Minister Amit Shah has suffered due to fluctuations in the stock market. As of 31 March 2020, Amit Shah’s declared assets are worth Rs 28.63 crore. Last year, he declared his assets as BJP President at Rs 32.3 crore.

Amit Shah owns 10 immovable properties. He inherited assets worth Rs 13.56 crore from his mother.
Cash on hand: Rs 15,814
In bank accounts: Rs 1.04 crore
In insurance and pension policy: Rs 13.47 lakh
FD: Rs 2.79 lakh
Jewellery: Rs 44.47 lakh

Shah holds 12.12 crore securities (shares etc.) in inheritance. He himself has invested Rs 1.4 crore in it. In this way, till March 31 this year, they had a total of Rs 13.5 crore securities, compared to Rs 17.9 crore last year. Shah also has a liability of Rs 15.77 lakh.

Defense Minister Rajnath Singh

Defense Minister Rajnath Singh’s property has not changed much compared to last year. He has movable assets worth Rs 1.97 crore and immovable assets worth Rs 2.97 crore. They do not have any investment in the stock market, LIC or pension policy.

Cash on hand: Rs 72,000
In savings account: Rs 25 lakh
Fixed Deposit: 76 Lakhs
Immovable property: agricultural land worth Rs 1,47,30,580 in Chandauli, 15 crore house in Lucknow

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Source: www.financialexpress.com

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