Government to Babus: Declare Foreign Accounts, Pricey Items

All employees have to file returns of two years by April 15, and a return with details of assets and liabilities for 2016 by July 31.

Published: 01st April 2016 04:21 AM  |   Last Updated: 01st April 2016 04:21 AM   |  A+A-

NEW DELHI: The Central government has asked all its employees to furnish details of any deposits in foreign bank accounts and of possessions costing over Rs.1 lakh. They have been asked to submit these details in the next 15 days.

The direction in this regard was sent by the Department of Personnel and Training to all the ministries and state chief secretaries to ensure employees working under them declare their assets. The details have been sought under the new rules framed for the Lokpal Act. There are about 50 lakh Central government employees in the country.

The declarations under the Act are in addition to similar ones filed by employees under services rules. All Group A, B and C employees are supposed to file a declaration under the Lokpal Law. All employees have to file returns of two years by April 15, and a return with details of assets and liabilities for 2016 by July 31. They also have to inform separately in case of investments of over Rs.2 lakh made in movable assets, insurance, bonds, shares and mutual funds in a new form. 

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