Nitin Gadkari’s Income Rose by Nearly 140% in 5 Years

Union Road Transport, Highways and Shipping Minister Nitin Gadkari. 

(Photo: IANS)

Union minister of Road, Transport and Highways, Nitin Gadkari’s income rose from 2.7 lakh in 2013-2014 to 6.4 lakh in 2017-2018, an increase of nearly 140 percent in the last five years.

Gadkari disclosed his income in an election affidavit filed along with his nomination papers for the Nagpur Parliamentary constituency on Monday, 25 March.

According to a report in The Times of India, Gadkari’s income rose sharply to Rs 6 lakh in 2014-2015. The report also added that it has remained stagnant after that.

According to the affidavit, Gadkari’s wife’s income has also increased tenfold from 4.6 lakh in 2013-2014 to Rs 40 lakh in 2017-2018.

Gadkari has declared movable assets worth Rs 69 lakh, while his wife has movable assets worth Rs 91 lakh. He has also declared immovable assets worth Rs 6.9 crore and his wife Rs 6.4 crore.

Gadkari’s assets have increased by 10 percent since 2014.

According to The Times of India, the value of his wife’s assets have increased by 127 percent.

The Union minister, in his affidavit, has informed that he has invested Rs 3,55,510 in savings scheme, mutual funds, bonds and shares. He has Rs 8,99,111 in his bank account, according to the affidavit.

Similarly, his wife's bank balance stood at Rs 11,07,909.

The senior BJP leader also has liabilities of Rs 1,57,21,753 by way of bank loans.

Gadkari declared six cars in his affidavit, four of which are in the name of his wife. For the first time, the candidates are required to declare their total income as shown in Income Tax returns for five years.

(With inputs from PTI and The Times of India)