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J&K Govt directs its employees to declare details of all moveable assets
1/11/2022 11:27:02 PM

Early Times Report

Jammu, Jan 11: The government employees in Jammu & Kashmir will now have to declare details of all 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 all 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, 19
“Now, the employees will have to declare the details of even small assets, including the household items. It appears that government even doesn’t trust its own employees.”
8”.
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 jewellery/ornaments and household items (electric and electronic items only) in their annual returns.
An analyst while talking to Early Times said, “Now, the employees will have to declare the details of even small assets, including the household items. It appears that government even doesn’t trust its own employees.”
He said, “It’s a strange order. The government employees will have to declare the value of all the assets within their homes, irrespective of whether they live in a joint or a nuclear family.”
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