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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Cong alleges its Rithala candidate 'assaulted' by EC official
New Delhi, Jan 26 (PTI): The Congress alleged Saturday its Rithala candidate Sushant Mishra was assaulted by a poll official, and demanded a thorough probe into the incident and action against him.
Party general secretary Jairam Ramesh claimed Sushant Mishra was assaulted by an Election Commission of India official on Saturday.
He alleged the official also attempted to prevent Mishra from undertaking a Padayatra for which the Delhi Police had already given permission.
In a post on X, Ramesh said, "@sushant_m has been actively taking up violations of the Model Code of Conduct by other candidates in the ongoing Delhi Vidhan Sabha elections. This unprecedented and illegal act of partisanship by an official of a Constitutional body like the ECI can only be seen as a desperate attempt by the AAP and BJP to stem the surge of support for his candidacy and that of the Congress Party in the Delhi Vidhan Sabha elections"
Ramesh said the Congress remains undaunted and will continue to raise the voice of people and protect the sanctity of elections.
"To preserve the integrity of the electoral process, the Indian National Congress demands a full inquiry into the incident and immediate corrective action against the concerned official," the Congress leader demanded.
Mishra has also separately written to the returning office and Chief Electoral officer and the Election Commission about the incident, demanding action against the accused.
.@INCIndia के रिठाला विधानसभा के उम्मीदवार सुशांत मिश्रा (@sushant_m) पर कल @ECISVEEP के एक अधिकारी ने हमला करके उन्हें घायल कर दिया। अधिकारी ने उन्हें पदयात्रा करने से रोकने का भी प्रयास किया, जिसके लिए दिल्ली पुलिस ने पहले ही अनुमति दे दी थी।
— Jairam Ramesh (@Jairam_Ramesh) January 26, 2025
सुशांत मिश्रा दिल्ली विधानसभा… pic.twitter.com/sQ7I6EIvvY
