No liabilities: Modi’s deposits in banks rise to over ₹2.86 cr from ₹1.27 cr; no investments in shares

No liabilities: Modi’s deposits in banks rise to over ₹2.86 cr from ₹1.27 cr; no investments in shares
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Prime Minister Narendra Modi’s movable assets have increased from ₹1.27 crore to over ₹2.86 crore, as per his latest declaration of assets. The declaration also shows that he does not have any investments in shares. Modi’s movable assets, which include bank deposits, have more than doubled in value compared to the previous declaration. It is noteworthy that his movable assets now surpass his immovable assets. However, the details of these assets and how they have increased were not disclosed in the report.

The latest declaration of Modi’s assets is significant as it provides insights into his financial situation. According to the declaration, Modi has cash in hand worth ₹31,450, and he has bank deposits of ₹2,86,47,247. This brings the total worth of his movable assets to over ₹2.86 crore. Additionally, he owns immovable assets worth ₹1,32,91,832. These assets include residential buildings in Gandhinagar, Gujarat, and a plot in Ahmedabad.

Modi’s other movable assets include a gold ring weighing 45 grams, valued at ₹1,31,726, and his furniture and fixtures are valued at ₹1.41 lakh. He also has four rescue puppies whose worth remains undisclosed.

While it is noteworthy that Modi’s bank deposits have increased, it is equally important to highlight his lack of investments in shares. This indicates a conservative approach towards investments, especially in the stock market. It is unclear why the Prime Minister does not hold any shares in Indian companies, but it could be a strategic decision or a personal preference.

Modi’s financial assets have been a topic of interest, especially during election campaigns. His wealth has been a subject of scrutiny, with both supporters and critics discussing the source and implications of his assets. However, it is crucial to note that the increase in the value of his movable assets does not necessarily indicate any wrongdoing or illegal activities on his part.

Overall, the disclosure of Modi’s financial assets provides transparency and accountability in his leadership. The details of his bank deposits and lack of investments in shares shed light on his financial choices and priorities. However, it is essential to wait for further information and clarification on the nature and growth of his assets.

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