back to top
Jammu KashmirGovt amends rules governing declaration of assets by employees

Govt amends rules governing declaration of assets by employees

Date:

Tawi, Jan 11: The government employees in Jammu & will now have to declare details of only those moveable assets whose value exceeds his/her two months' salary.

The administration of Jammu & Kashmir on Tuesday amended the rules governing declaration of assets by government employees.

In a notification, the General Administration Department (GAD) today ordered that public servants shall declare details of only those moveable properties in their annual returns whose value exceeds his two months' salary.

“Every public servant shall bring to the notice of the prescribed authority the acquisition or transfer of movable property where the value of such property exceeds his two salary in each case,” reads “The Jammu and Kashmir Public Servants Declaration of Assets and Other Provisions Rules, 1998”.

Before the amendment, the employees had to declare details of their moveable properties if their value exceeds Rs 20000 in each case.

According to the rules, the employees have to declare details of their cash balance, saving bank deposits, shares, cash certificates, fixed deposits, debentures, security bond jewelry/ornaments and household items (electric and electronic items only) in their annual returns.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:

Popular

More like this
Related

LG Sinha Pledges Unwavering Commitment to J&K’s Prosperous Future!

Union Minister for Road Transport and Highways, Nitin...

PM Modi and US NSA Forge Stronger Strategic Partnership!

New Delhi, Jun 17: India is committed to further...

DHSK Ramps Up Security for Amarnath Yatra 2024, Unveils Plans

JAMMU, Jun 17: On the direction of Secretary, Health...

Nitin Gadkari Announces Start of Rs 4,000-Crore Tunnel In J&K

JAMMU, Jun 17: The NHAI will begin work on...