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		<title>Modi is a millionaire and has MA degree</title>
		<link>https://thecorrespondent.in/blog/modi-is-a-millionaire-and-has-ma-degree/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=modi-is-a-millionaire-and-has-ma-degree</link>
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		<category><![CDATA[Prime Minister Narendra Modi]]></category>
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					<description><![CDATA[<p>For the last 20 years, Narendra Modi has been getting government salary &#8211; 15 years as Gujarat chief minister and five years as Prime Minister. With an average Rs 2 lakh a month as pay package (Rs 24 lakh a year), should he not be worth over Rs 5 crore in savings alone, given the [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://thecorrespondent.in/blog/modi-is-a-millionaire-and-has-ma-degree/">Modi is a millionaire and has MA degree</a> appeared first on <a rel="nofollow" href="https://thecorrespondent.in">The Correspondent</a>.</p>
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<p>For the last 20 years, Narendra Modi has been getting government salary &#8211; 15 years as Gujarat chief minister and five years as Prime Minister.  With an average Rs 2 lakh a month as pay package (Rs 24 lakh a year), should he not be worth over Rs 5 crore in savings alone, given the fact that he doesn&#8217;t get to spend money on anything (No holiday, no kids, no food cost, free travel etc). But Modi is just worth over Rs 2.5 crore.  <br>Incidentally, Modi&#8217;s wife Jashodaben wife has no known sources of income, considering that Modi doesn&#8217;t send any money to her.  </p>



<p>Modi has assets worth Rs 2.5 crore including a residential plot in Gandhinagar, fixed deposits of Rs 1.27 crore and Rs 38,750 cash in hand, according to his affidavit filed with the Election Commission.</p>



<p>Nevertheless, he holds a  Masters degree from Gujarat University in 1983. The affidavit said he is an arts graduate from Delhi University (1978). He passed SSC exam from Gujarat board in 1967, it said.</p>



<p>He has declared movable assets worth Rs 1.41 crore and immovable assets valued at Rs 1.1 crore.  The prime minister has invested Rs 20,000 in tax saving infra bonds, Rs 7.61 lakh in National Saving Certificate (NSC) and another Rs 1.9 lakh in LIC policies.  <br>His cash balance in savings bank account is Rs 4,143. Modi has four gold rings, weighing 45 grams, valued at Rs 1.13 lakh.  <br>The prime minister has declared the property details in the affidavit which is a mandatory requirement for filing nomination papers. </p>



<p> Modi possess about 3,531 sq ft plot in Sector-1, Gandhinagar. The value of the property, which includes a residential unit on the plot, is assessed to be Rs 1.1 crore, according to the affidavit.  <br>While Modi has listed &#8220;salary from government&#8221; and &#8220;interest from bank&#8221; as his sources of income, his wife&#8217;s source of income is mentioned as &#8220;not known&#8221;.   <br>The prime minister, who is seeking a second term from Varanasi parliamentary constituency, had disclosed a total assets of Rs 1.65 crore in 2014. </p>
<p>The post <a rel="nofollow" href="https://thecorrespondent.in/blog/modi-is-a-millionaire-and-has-ma-degree/">Modi is a millionaire and has MA degree</a> appeared first on <a rel="nofollow" href="https://thecorrespondent.in">The Correspondent</a>.</p>
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