Скачать или смотреть GOVERNMENT EMPLOYEES ALERT! Non-reporting high-value transactions could lead to disciplinary action.

Government seeks annual property details from employees
Whether the union and state governments and the public undertakings obtain the details of properties from their officers and employees every year and this detail is compared with the property details given by them in the previous year, the minister asked.

The minister clarified that government servants are required to report their assets and liabilities upon their first appointment and submit annual immovable property returns (IPRs) by January 31 of the following year. This rule applies under the Central Civil Services (Conduct) Rules, 1964, and All India Services (Conduct) Rules, 1968. Employees of Central Public Sector Enterprises (CPSEs) are also subject to similar provisions.

Failure to submit IPRs on time can lead to the denial of vigilance clearance for specific purposes.

Additionally, if a government servant conducts a transaction in movable property exceeding two months’ basic pay, they must report it to the prescribed authority.

Non-compliance with these rules attracts disciplinary action. If a government servant is found with assets disproportionate to their known income, disciplinary proceedings may be initiated. This can result in severe penalties, including removal or dismissal from service, following a formal inquiry as per the rules.

“If the value of transaction in movable property exceeds two months’ basic pay of the Government servant, he/she is required to report the same to the prescribed authority. Violation of any of the provisions of the said Rules and other guidelines, attracts initiation of disciplinary action against them,” the minister said.
.
#financeeducation #currentaffairs #indianeconomicservice #indianeconomy #government #reforms #tax #assets #liabilities #employees #information #knowledge