Give assets details for two years by October 15: Central government to employees

All central government employees were today asked to file the details of their assets and liabilities for two years by October 15, as part of a mandatory obligation under the Lokpal Act. 

The first return, giving details of assets and liabilities as on August 1, 2014, and second one, as on March 31, 2015, can now be filed by October 15, this year, the Department of Personnel and Training said in a communique sent to secretaries of all central government ministries. 

They have been asked to ensure compliance of all officers working under their charge and those in PSUs and other organisations under the control of their ministries. 

As per rules, notified under the Lokpal Act, every public servant shall file declaration, information and annual returns pertaining to his assets and liabilities as on March 31 every year or on or before July 31 of that year. 

For 2014, the last date for filing returns was September 15, which was later extended to December-end, then till April 30, and now up to October 15. Employees also have to file the details of their assets for 2015 by the extended date. 

The declarations under the Lokpal Act are in addition to similar ones filed by the employees under various services rules. All Group A, B and C employees are supposed to file these declarations. 

Employees need to give details like cash in hand, bank deposits, investment in bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund, personal loans and advance given to any person or entity, among others. 

There are about 48 lakh central government employees.

Source:-The Economic Times