Skip to main content

When did Union ministers queue up to deposit money in banks?

By Venkatesh Nayak*
Readers will recollect the headlines in several newspapers today — the Hon’ble Prime Minister has directed MPs of his Bharatiya Janata Party (BJP) to declare their bank transactions to the President of the Party in a bid to lead by example to come clean on their actions ‘after’ the decision to demonetise currency notes of Rs. 500 and Rs. 1000 denomination. The leader of a prominent political party has demanded transparency regarding the alleged financial dealings of the top leaders of the BJP.
Meanwhile the print and the electronic media have covered the travails of citizens across the country who have rushed to banks to deposit their old currency notes and exchange some for the newly printed Rs. 2000 and Rs. 500 bank notes. With the exception of the Vice President of the Indian National Congress (INC) who queued up before a bank branch in Delhi to exchange a small sum of the demonetised notes for new ones, people did not see any other political leader from any other political party queueing up before banks like them with money in hand and worries in their minds about the uncertain future. Media reports indicate several unfortunate incidents of citizens dying while standing in serpentine queues. Many more have been asking publicly why the political leaders are not found standing before banks like them.

“Cash in hand” declaration made by Union Ministers in 2016

Thanks to the Code of Conduct laid down for Ministers (Union and State levels) during the 1960s and revised from time to time, they are required to declare their assets and liabilities details apart from other dealings, where they may have financial interests. Similarly, as Members of the Lok Sabha and the Rajya Sabha, Ministers declare details of their assets and liabilities in accordance with Section 75A of the Representation of the People Act, 1951 (see pages 38-39 in this document).
These declarations are voluntarily disclosed by the Government. They contain details of the “cash in hand” declared by every Minister in addition to details of bank deposits, other movable and immovable property that they own along with similar details of assets owned by hi or her spouse and dependent children. These details declared by most of the Union Ministers as on 31st March 2016 are accessible on the official website of the Prime Minister’s office. While some declrations seem to have been made for the purpose of complying with the Code of Conduct, others seem to have submitted the declarations furnished to Parliament under the respective House Rules.
I have compiled the data about how much “cash in hand” Ministers including the Hon’ble Prime Minister have declared officially by the end of March 2016. As this is publicly declared information, there is no reason to suspect any connection with “black money”. Frustrating people with black money and forcing them to come clean is one of the reasons why the Government has said that it too the decision to demonetise high value currency notes.
However, every citizen who has stood for hours before banks to either deposit the old currency notes in their accounts or exchange them for the new ones has the right to know when and where did the Ministers deposit the small and large sums of cash they held in their bank accounts. This is a small way of commemorating those citizens who died standing in serpentine queues before banks. The first question that every citizen should ask is:
1) whether these Ministers ever stood in queues like the common citizen whom they are sworn to serve, to deposit their demonetised notes unless all of them had cash in smaller denominations or sent their peons or relatives or some other person to make the transaction? When did they actually make these deposits?
The Government has indicated that the Income Tax (IT) Department may turn its scanner on account holders who deposit more than Rs. 2.5 lakhs in cash in their accounts either in one go or in installments. So the second question that citizens should ask is:
2) whether the IT Dept. will look at Ministers making deposits above Rs. 2.5 lakhs with the same degree of suspicion as they will at an ordinary citizen who makes similar high value deposits?
In order to dispel any doubt about whether the declaration includes money deposited in bank have compiled this data also in a separate column to contrast it with the data about “cash in hand” declared by the Ministers. Please note the following caveats while reading the compiled data:
1) A large number of Ministers have declared cash in hand separately from bank balance and deposits of various kinds. I have indicated both figures against each name wherever data is available separately. I have not included these categories of disclosure for their spouses and dependents as they are not public figures. The remarks in the last column at some rows contain my comments about the quality of data.
2) The cells highlighted in red indicate those Ministers whose tax history must be scrutinised, in theory, if they have deposited demonetised notes worth above Rs. 2.5 lakhs because such rules are applicable to ordinary citizens.
3) Assets and Liabilities Declarations of 2 Cabinet Ministers, and 17 Ministers of State are not published on the PMO’s website. Whether they have actually made any declaration to the PM or to the Houses of which they are Members is not known.
The biggest amount of “cash in hand” in the Council of Ministers was declared by the Finance Minister – more than Rs. 65 lakhs. I have triple checked this data published on the PMO’s website. The Hon’ble Prime Minister declared more than Rs. 89,000 as cash in hand. When did all these Ministers go to banks or whom did they send to deposit these amounts and when, are very important question that every citizen must ask.
4) 6 Cabinet Ministers and 5 Ministers of State have not included “cash in hand” data in their declarations, to the best of my knowledge.

Disclosing such information will not be a violation of privacy of the Ministers

Citizens can use The Right to Information Act, 2005 (RTI Act) to ask the Central Government such questions without worrying about violating the right to privacy of the Ministers. In August 2015, the Central Government got the Attorney General of India (AGI) to question a catena of judgements of the Supreme Court that the right to privacy was a fundamental right. In a bunch of matters challenging the actions of the Government to make Aadhaar Unique Identification compulsory for a range of services and welfare programmes, the AGI put this question to the Apex Court. The Hon’ble Supreme Court felt persuaded to refer the matter to a Constitution Bench to determine whether people in India indeed have a constitutionally guaranteed right to privacy. I have commented about this issue extensively last year.
Given these facts, in my humble opinion, the Government’s view is that there is no fundamental right to privacy for anybody including for Ministers under the Constitution. So Section 8(1)(j) of the RTI Act which was designed to protect personal information from being disclosed leading to unwarranted invasion of the privacy of an individual, becomes an unreasonable restriction on the fundamental right to information which is a part of the right to freedom of speech end expression guaranteed under Article 19(1)(a) of the Constitution. So, there should be no legal bar on providing answers to the information sought in the two queries listed above.
Readers may kindly note that I am not making any allegations of “black money” or money that is not accounted for in the declarations of Ministers. However in a country whose national motto is satyameva jayate (truth alone shall triumph) and given the BJP’s latest step to demand transparency from its own MPs, citizens should push the envelope towards greater transparency of Ministers and other elected representatives.
Information about how much “cash in hand” was declared by candidates who got elected as MPs and MLAs is available on the dedicated website being maintained by the Association for Democratic Reforms- http://myneta.info/. Readers might like to ask similar questions from MPs and MLAs belonging to all political parties.

*Programme Coordinator, Access to Information Programme, Commonwealth Human Rights Initiative, New Delhi

Comments

TRENDING

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Where’s the urgency for the 2,000 MW Sharavati PSP in Western Ghats?

By Shankar Sharma*  A recent news article has raised credible concerns about the techno-economic clearance granted by the Central Electricity Authority (CEA) for a large Pumped Storage Project (PSP) located within a protected area in the dense Western Ghats of Karnataka. The article , titled "Where is the hurry for the 2,000 MW Sharavati PSP in Western Ghats?", questions the rationale behind this fast-tracked approval for such a massive project in an ecologically sensitive zone.

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah  The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Will Bangladesh go Egypt way, where military ruler is in power for a decade?

By Vijay Prashad*  The day after former Bangladeshi Prime Minister Sheikh Hasina left Dhaka, I was on the phone with a friend who had spent some time on the streets that day. He told me about the atmosphere in Dhaka, how people with little previous political experience had joined in the large protests alongside the students—who seemed to be leading the agitation. I asked him about the political infrastructure of the students and about their political orientation. He said that the protests seemed well-organized and that the students had escalated their demands from an end to certain quotas for government jobs to an end to the government of Sheikh Hasina. Even hours before she left the country, it did not seem that this would be the outcome.

Structural retrogression? Steady rise in share of self-employment in agriculture 2017-18 to 2023-24

By Ishwar Awasthi, Puneet Kumar Shrivastav*  The National Sample Survey Office (NSSO) launched the Periodic Labour Force Survey (PLFS) in April 2017 to provide timely labour force data. The 2023-24 edition, released on 23rd September 2024, is the 7th round of the series and the fastest survey conducted, with data collected between July 2023 and June 2024. Key labour market indicators analysed include the Labour Force Participation Rate (LFPR), Worker Population Ratio (WPR), and Unemployment Rate (UR), which highlight trends crucial to understanding labour market sustainability and economic growth. 

Venugopal's book 'explores' genesis, evolution of Andhra Naxalism

By Harsh Thakor*  N. Venugopal has been one of the most vocal critics of the neo-fascist forces of Hindutva and Brahmanism, as well as the encroachment of globalization and liberalization over the last few decades. With sharp insight, Venugopal has produced comprehensive writings on social movements, drawing from his experience as a participant in student, literary, and broader social movements. 

Authorities' shrewd caveat? NREGA payment 'subject to funds availability': Barmer women protest

By Bharat Dogra*  India is among very few developing countries to have a rural employment guarantee scheme. Apart from providing employment during the lean farm work season, this scheme can make a big contribution to important needs like water and soil conservation. Workers can get employment within or very near to their village on the kind of work which improves the sustainable development prospects of their village.

'Failing to grasp' his immense pain, would GN Saibaba's death haunt judiciary?

By Vidya Bhushan Rawat*  The death of Prof. G.N. Saibaba in Hyderabad should haunt our judiciary, which failed to grasp the immense pain he endured. A person with 90% disability, yet steadfast in his convictions, he was unjustly labeled as one of India’s most ‘wanted’ individuals by the state, a characterization upheld by the judiciary. In a democracy, diverse opinions should be respected, and as long as we uphold constitutional values and democratic dissent, these differences can strengthen us.

94.1% of households in mineral rich Keonjhar live below poverty line, 58.4% reside in mud houses

By Bhabani Shankar Nayak*  Keonjhar district in Odisha, rich in mineral resources, plays a significant role in the state's revenue generation. The region boasts extensive reserves of iron ore, chromite, limestone, dolomite, nickel, and granite. According to District Mineral Foundation (DMF) reports, Keonjhar contains an estimated 2,555 million tonnes of iron ore. At the current extraction rate of 55 million tonnes annually, these reserves could last 60 years. However, if the extraction increases to 140 million tonnes per year, they could be depleted within just 23 years.