Thursday, September 18, 2025
23.7 C
Srinagar

Govt amends rules governing declaration of assets by employees

Srinagar, Jan 11 : The government employees in Jammu & Kashmir 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, a copy of which is in possession of news agency—Kashmir News Observer (KNO), 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 jewellery/ornaments and household items (electric and electronic items only) in their annual returns.

Hot this week

Students protest in Baramulla as INC withdraws recognition for St. Joseph Nursing courses

Baramulla:A protest broke out in North Kashmir’s Baramulla district...

Handwara timber smuggling busted; 2  forest officials face suspension over negligence

Handwara: In a crackdown on timber smuggling, the Forest...

Police File Attempt-to-Murder Case After Son Allegedly Attacks Mother in Srinagar

Srinagar, Sep 18,: Police have registered a case in...

Midnight Blaze Guts Three Houses, Two Shops in North Kashmir’s Baramulla

Baramulla, Sep 18,: A massive fire broke out in...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img