Declaration of Assets and Liabilities by Babus - Forms Simplified - No need to declare yachts and airplanes, but paintings should be declared.
GOVERNMENT has simplified the Form-II and Form IV in the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014.
Now babus need not declare information about yachts, aircrafts and ships they own, but if they or their spouses own furniture, fixtures, antiques, electronic goods or anything worth more than two months pay, declaration is mandatory. If a babu has any antique property, is he supposed to get it evaluated and declare to the Government?
We are told that many babus are quitting because they don't want to face vigilance inquiry.