Gujarat Exclusive > National-World > PM Modi’s net worth rises to Rs 2.85 cr, Amit Shah’s net worth declines to Rs 28.63 cr

PM Modi’s net worth rises to Rs 2.85 cr, Amit Shah’s net worth declines to Rs 28.63 cr

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Prime Minister Narendra Modi’s net worth has increased by Rs 36 lakh in the present year as compared to 2019. The rise in PM Modi’s net worth is reflected in the latest asset declaration submitted to the Prime Minister’s Office.

As per PM Modi’s latest asset declaration, his net worth which was Rs 2.49 crore in 2019 has increased to Rs 2.85 crore as of June 30 this year. The assets of PM Modi increased marginally due to bank deposits of around Rs 3.3 lakh and returns on safe investments worth Rs 33 lakh during 2019.

PM Modi’s investments

The declaration shows that PM Modi had only Rs 31,450 as cash in hand and a bank balance of Rs 3,38,173 and had Bank Fixed Deposit and MOD balance of Rs 1,60,28,939 at SBI Gandhinagar NSC branch.

He has National Savings Certificates (NSC) worth Rs 8,43,124, life insurance policies worth Rs 1,50,957 and tax-saving Infra bonds worth Rs 20,000. The moveable assets declared by PM Modi are worth around Rs 1.75 crore.

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PM Modi has no loans and has no personal vehicle against his name. He possesses four gold rings, weighing approximately 45 grams and is valued at Rs 1.5 lakh. The declarations also revealed that PM Modi jointly owns a plot in Sector-1 in Gandhinagar, measuring 3,531 square feet.

Amit Shah’s net worth declines

The net worth of Union home minister Amit Shah, however, took a hit this year in comparison to last year. The net worth of Amit Shah declined in 2020 because of the fall in the market value of the securities held by him.

As per the declarations, Shah has declared his net worth as Rs 28.63 crore as of June 2020, while it was Rs 32.3 crore in 2019.

Shah owns 10 immovable properties which are worth Rs 13.56 crore. Amit Shah has Rs 15,814 as cash in hand, Rs 1.04 crore in bank balance and insurance, pension policies worth Rs 13.47 lakh, Rs 2.79 lakh in fixed deposit schemes and jewellery worth Rs 44.47 lakh.

 

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