Centre asks IAS, IPS, IFS officers to inform it about their stock market related transactions
New Delhi (PTI): The Centre has asked IAS, IPS and IFS officers to intimate it in case the total transactions in stock, share or other investments exceed their six months' basic pay during a calendar year, according to a latest order by the personnel ministry.
This intimation is in addition to similar information that needs to be shared by them under Rule 16 (4) of AIS or All India Services (Conduct) Rules, 1968.
These rules are applicable to the members of three All India Services -- Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFS).
"...With a view to enable the administrative authorities to keep a watch over the transactions in any stock, share or other investments etc. in respect of members of All India Services (AIS), it has been decided that an intimation may be sent in the enclosed proforma to the prescribed authority every year, if the total transactions in stock, share or other investments etc. exceed six months' basic pay of government servant during a calendar year," said the order issued to secretaries of all central government ministries.
It referred to Rule 14 (1) of the conduct rules that says "no member of the service shall speculate in any stock, share or other investments but this provision will not apply to occasional investment made through stock-brokers or other persons duly authorised on licence under the relevant law".
The rule further explains that frequent purchase or sale or both of shares, securities or other investments is deemed to be speculation under the sub-rule.
The ministry, in its order dated March 20, further said that since share, securities, debentures, etc are treated as moveable property as per explanation-I under Rule 16 of AIS (Conduct) Rules, 1968, if an individual transaction exceeds two months' basic pay of the member of service as prescribed in Rule 16(4) of ibid rules, "intimation to the prescribed authority would still be necessary".
"Every member of the service shall intimate the government in respect of each transaction, whose value exceeds two months' basic pay of the member of service within a month of the completion of such transaction", reads Rule 16 (4).
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Nat Sciver-Brunt's first-ever ton of WPL history powers MI's 15-run victory against RCB
Vadodara (PTI): Nat Sciver-Brunt (100 not out) hit the first-ever century of Women’s Premier League history in its fourth edition as dominant Mumbai Indians beat Royal Challengers Bengaluru by 15 runs, despite Richa Ghosh's whirlwind 90, here on Monday.
In a must-win game to remain in contention for play-offs, defending champions Mumbai hit their strides to produce a near-perfect performance with the bat, piling up 199 for four.
But, despite making early inroads to leave RCB reeling at 35 for 5 inside the powerplay, MI bowlers appeared clueless against Richa who hammered 10 fours and six sixes to make 90 off 50 balls in her team's 184 for 9.
RCB collected 43 runs in the last two overs, with India all-rounder Amanjot Kaur being smacked for three sixes in a row by Richa.
Hayley Matthews (56 and 3/10), who had earlier struck a vital half-century, jolted MI twice as she accounted for skipper Smriti Mandhana (6) and Georgia Voll (9) in the fourth over, and for Radha Yadav (0) in her next.
Shabnim Ismail (2/25), who had struck first to remove Grace Harris (15), cleaned up Gautami Naik (1) for her second wicket while also took a sharp catch in the deep to help Matthews dismiss Radha.
With the win, Mumbai jumped to second spot with six points from seven matches. Delhi Capitals and Gujarat Giants are also on six points from six matches each but Mumbai have better Net Run Rate.
Earlier, England's Sciver-Brunt (100 not out) struck the first-ever century in WPL to fire Mumbai Indians to a formidable 199for 4.
Sciver-Brunt’s 57-ball unbeaten ton and Matthews’ 56 laid the foundation for a big total for Mumbai Indians.
Matthews and Sciver-Brunt put on 131 runs off 73 balls for the second wicket in a whirlwind partnership in which they not only rotated strike well but unleashed a flurry of boundaries.
Matthews struck nine fours to make 56 off 39 balls while Sciver-Brunt hammered 16 fours and one six for her 100 not out.
The pair came together early in the third over when Lauren Bell (2/21) trapped Sajeevan Sajana (7) in front of the wickets.
Brief Scores:
Mumbai Indians: 199 for 4 in 20 overs (Hayley Matthews 56, Nat Sciver-Brunt 100 not out; Lauren Bell 2/21) beat Royal Challengers Bengaluru 184/9 in 20 overs (Richa Ghosh 90 not out; Shabnim Ismail 2/25, Hayley Matthews 3/10) by 15 runs.
