Prime Minister Narendra Modi’s declaration of assets, valued at Rs. 3.02 crores, has sparked public interest as he filed his nomination as a Bharatiya Janata Party (BJP) Member of Parliament candidate in Varanasi. The detailed affidavit, which outlines his financial holdings, indicates a modest increase in assets since his last declaration in 2014. At that time, Modi’s reported properties were worth Rs. 1.66 crore, a figure that has now risen to Rs. 2.51 crore in 2019, according to data compiled by the Association for Democratic Reforms.
The recent disclosure includes intriguing details such as four gold rings valued at Rs. 2.67 lakhs and National Savings Certificates (NSC) worth Rs. 9.12 lakhs, showcasing a notable uptick in NSC investments from Rs. 7.61 lakhs in 2019. Moreover, the Prime Minister’s financial portfolio boasts bank fixed deposits (FDs) amounting to Rs. 2.85 crore, as stated in the 2024 affidavit.
However, it’s noteworthy that Modi’s assets do not encompass ownership of land, a house, car, shares, or investments in mutual funds. His liquid assets are relatively modest, with only Rs. 52,920 in cash. Modi attributes his income primarily to his government salary and interest accrued from bank accounts.
In an interesting twist, Modi clarified in his affidavit that he is unaware of his wife’s income sources, reinforcing a separation of financial affairs. Furthermore, he asserted having no involvement in any criminal cases and no outstanding government dues.
The disclosure of Modi’s assets offers a glimpse into the financial profile of one of India’s most prominent political figures, inviting scrutiny and analysis from various quarters.
