Gujarat Polls: Narendra Modi worth only 1.5 crore
Dailybhaskar.com | Nov 30, 2012, 15:34PM IST
Ahmedabad: Narendra Modi, who is touted as the most powerful chief minister of the country by the BJP, has only Rs 4,700 in cash.
Though Modi has revealed that he is worth only Rs 1.3 crore, his wealth has seen a steep rise from 2007 when he had assets worth Rs 40 lakh.
Modi, a bachelor, has revealed in an affidavit that he has Rs 4,700 cash in hand and Rs 33,42,842 movable assets. He also has self acquired assets worth Rs 1 crore.
During 2011-12 financial year, he filed income tax return to the tune of Rs 1,50,630.
Modi owns a 326.22 square metre residential plot in Gandhinagar. He has cited the current market value of his plot at a whopping Rs 1 crore. It was bought for about Rs 1.30 lakh in 2007.
The BJP leader also believes in parking his investments in safe fixed deposits in the State Bank of India rather than the equity market. He has Rs 8 lakh as fixed deposits in SBI's Gandhinagar Sachivalaya branch. He has also deposited Rs 4,24, 836 in bank saving accounts. Besides, he has deposited Rs 10,000 in SBI's Maninagar and Rs 22,59,226 in SBI's Gandhinagar branches.
He has also invested Rs 20,000 in Infrastructure Bond and Rs 4,00,917 in NFC post.
The Gujarat CM also has four gold rings (45 gram) worth Rs 1,23,777.
He has not availed any bank loan.
Modi filed his nomination papers from Maninagar constituency in Ahmedabad for the Assembly elections.
Modi filed his papers before Maninagar constituency returning officer PK Jadeja on the last day of filing of nominations at the district collector's office here.
Congress has fielded Shweta Bhatt, wife of suspended IPS officer Sanjiv Bhatt against Modi.
The Chief Minister, who is seeking a re-election in the Assembly Elections next month, on Friday launched a new motto: Vikas, Vishwaas, and Vijay (Development, Trust, and Victory).
Modi announced the motto minutes before filing his nomination papers for the Maninagar Assembly constituency, which goes to polls on December 17.