 "Sonia Gandhi has assets worth Rs 9 cr but no vehicle")
Congress President Sonia Gandhi has assets worth Rs 9.28 crore but no vehicle in her name. She has movable assets worth Rs 2.81 crore and immovable assets worth Rs 6.47 crore, according to the affidavit submitted along with her nomination papers she filed for the Rae Bareli seat on Wednesday.
Taken with the declarations made by her in the last elections, Gandhi's assets show a six-fold increase. Congress sources said it was only because last time the declaration of value of assets was based on the book value, while this time it was based on market value.
Gandhi has given a loan of Rs 9 lakh to her son Rahul and in her income tax returns for 2012-13, she had shown an income of more than Rs 14.21 lakh. She has Rs 85,000 in cash, Rs 66 lakh in banks, Rs 10 lakh worth bonds and shares worth Rs 1.90 lakh. Gandhi has mutual funds worth Rs 82.20 lakh, PPF amounting to Rs 42.49 lakh, National Saving Scheme of Rs 2.86 lakh and ornaments worth over Rs 62 lakh.
Among the immovable assets, she has declared an ancestral property in Italy worth Rs 19.90 lakh besides land valued at Rs 4.86 crore in Deramandi village, another land worth Rs 1.40 crore in Sultanpur village, the affidavit said. While filing her nomination papers from here in 2009, she had declared assets of Rs 1.37 crore.
Taken with the declarations made by her in the last elections, Gandhi's assets show a six-fold increase. Congress sources said it was only because last time the declaration of value of assets was based on the book value, while this time it was based on market value.
Gandhi has given a loan of Rs 9 lakh to her son Rahul and in her income tax returns for 2012-13, she had shown an income of more than Rs 14.21 lakh. She has Rs 85,000 in cash, Rs 66 lakh in banks, Rs 10 lakh worth bonds and shares worth Rs 1.90 lakh. Gandhi has mutual funds worth Rs 82.20 lakh, PPF amounting to Rs 42.49 lakh, National Saving Scheme of Rs 2.86 lakh and ornaments worth over Rs 62 lakh.
Among the immovable assets, she has declared an ancestral property in Italy worth Rs 19.90 lakh besides land valued at Rs 4.86 crore in Deramandi village, another land worth Rs 1.40 crore in Sultanpur village, the affidavit said. While filing her nomination papers from here in 2009, she had declared assets of Rs 1.37 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%