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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Vinod Kambli admitted to Thane hospital; medical tests reveal clots in his brain: Doctors
Thane, Dec 23: Former India cricketer Vinod Kambli has been admitted to a private hospital in Thane district, where medical examinations revealed clots in his brain, doctors treating him said on Monday.
Dr Vivek Trivedi, who is treating Kambli (52), said the Mumbai-based former India batter initially complained of urinary infection and cramps following which he was admitted to the hospital in the Kalher area of Bhiwandi town on Saturday.
However, after a series of examinations the medical team supervising him at Akruti Hospital found clots in his brain, Trivedi informed.
Kambli's health is being constantly monitored and the team will carry out additional medical examinations on Tuesday, the doctor said.
Trivedi also said hospital in-charge S Singh has decided to provide life-long free treatment to Kambli at his medical facility.
