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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Union Minister HD Kumaraswamy questioned by Karnataka Lokayukta police in land denotification case
Bengaluru, Sep 27: JD(S) leader and Union Minister H D Kumaraswamy on Friday appeared before the Lokayukta police for questioning in connection with a land denotification case.
"He was questioned in the Gangenahalli denotification case," a Lokayukta official said.
The ruling Congress in Karnataka last week asked the Lokayukta to expedite its probe against former Chief Ministers B S Yediyurappa and Kumaraswamy, also a former CM in connection with the alleged denotification of land here.
Ministers Krishna Byre Gowda, Dinesh Gundu Rao and Santhosh Lad held a joint press conference on September 19 and released documents regarding the denotification of 1.11 acres of land at Gangenahalli in Kasaba hobli of Bengaluru North.
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Kumaraswamy said he has nothing to do with the case and he has never done anything that is illegal while in power and during his tenure as CM.
"In connection with the Gangenahalli case, four Ministers had held a press conference against me. I had said that day too, I have nothing to do with it (case). Still they have spoken lightly for the sake of publicity," he told reporters after appearing before the Lokayukta.
"... there were reports in the media that Kumaraswamy faces danger from Lokayukta. I have done nothing that is illegal and that will cause me danger, while I was in power. This government cannot do anything to me."
Noting that as an opposition MLA he had raised several issues that had caused embarrassment to the then Congress government led by Siddaramaiah in 2015, Kumaraswamy said, this case was put against him then.
"Today it is 2024, already several times the statements have been taken for inquiry, once again today I was called, recently I heard from the media that Yediyurappa was also called. I have appeared and answered all their questions, let them conduct further inquiry, and this government is free to take any action in accordance with law," he said.
Kumaraswamy said he has not come before Lokayukta after having committed wrong or illegal.
"I have come voluntarily today and have answered all questions by officers...there is no need for me to come once again, I have responded to whatever they have asked for."
Alleging that a 'benami' named Rajashekharaiah, "who has nothing to do with the said land (that was notified)", gave a petition when Kumaraswamy was the Chief Minister in 2007, seeking denotification of the land, which was acquired 30 years ago, Krishna Byre Gowda had last week alleged that Kumaraswamy had then asked officials to move the file in this regard.
He had said that the original owner of the said land had 21 heirs, who gave a general power of attorney to Kumaraswamy's mother-in-law.
Further pointing out that when Yediyurappa was the CM in 2010, and despite the then principal secretary to the urban development department K Jothiramalingam noting on the file that it was not a fit case for denotification, the former ordered denotification, Gowda had claimed.
"Subsequently after the denotification of the land in June, 2010, it was registered in the name of Kumaraswamy's brother-in-law Channappa in July that year," he had said.
The land costing several crores of rupees belonged to Bangalore Development Authority and should have been used for the poor, the Minister had said, asking: "is it not a systematic fraud."
