President's assets worth Rs 2.49 crore

NEW DELHI: As she completes her fourth year in office President Pratibha Patil declared assets worth Rs 2.49 crore, including eight properties in Maharashtra. The information on her movable and immovable properties comes after a Central Information Commission order requested her to take a decision on the issue of public probity as done by the Prime Minister and the Union council of ministers. The list of assets has been uploaded on her website. She has declared property worth Rs 83.83 lakh, including a house in Maharashtra's Amravati district worth Rs 39.60 lakh and a 3.2-hectare farmhouse valued at Rs 9.82 lakh. She has inherited 3.57 hectares of agricultural land worth Rs 7.81 lakh from her father in Jalgaon, and another plot worth Rs 20 lakh in Dhule district. Patil had purchased two agricultural plots of 1.19 hectares and 1.49 hectares in Jalgaon district in 1997-98 worth Rs 3.64 lakh and Rs 2.90 lakh, 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 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 Public Provident Fund of the State Bank of India, according to the property statement of March 31, 2011. She has gold jewellery worth Rs 31 lakh and silver articles worth Rs 69,134 along with Rs 16.33 lakh in her savings bank accounts, besides Rs 1.87 lakh cash. 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. The President's move comes after a plea from the Central Information Commission to decide on making her assets public on the lines of the Prime Minister and other members of the Union Council of Ministers. "Now that various functionaries like ministers, judges and information commissioners have voluntarily put up details of their assets on websites, it is for the President to take a decision on this matter," information commissioner Shailesh Gandhi had said last month in an order. Activist Subhash Agrawal had sought to know the details of the assets of President Patil and her family members and steps taken to place them on the website.
http://timesofindia.indiatimes.com/india/Presidents-assets-worth-Rs-249-crore/articleshow/9365527.cms