Safe assets

Apr 19 2014, 03:05 IST
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SummaryThe asset disclosures for the 2014 Lok Sabha elections

The asset disclosures for the 2014 Lok Sabha elections show that some of the top candidates prefer to invest their money in real estate and bank deposits and not directly or indirectly in markets, except a few like Nandan Nilekani who has most of his movable assets in stocks and mutual funds.

Data from Association for Democratic Reforms show that the average assets per candidates contesting the polls is R5.83 crore. Party-wise, the average assets of the Indian National Congress candidates is the highest, at R54 crore, while that of those from the Bharatiya Janata Party is at R8 crore and the Aam Admi Party, at R3 crore. About 28% candidates have not filed their Permanent Account Number in their affidavits.

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