In a big decision, government has ordered that bureaucrats, IAS, IPS and IFS officers, will now be required to inform the Centre about their total transactions in stock, share or other investments in case it exceeds their six months’ basic pay during a calendar year.
According to the latest order by the personnel ministry, this intimation is in addition to similar information that needs to be shared by them under Rule 16 (4) of AIS or All India Services (Conduct) Rules, 1968.
These rules are applicable to the members of three All India Services — Indian Administrative Service (IAS), Indian Police Service (IPS) and Indian Forest Service (IFS).
“…With a view to enable the administrative authorities to keep a watch over the transactions in any stock, share or other investments etc. in respect of members of All India Services (AIS), it has been decided that an intimation may be sent in the enclosed proforma to the prescribed authority every year, if the total transactions in stock, share or other investments etc. exceed six months’ basic pay of government servant during a calendar year,” said the order issued to secretaries of all central government ministries, PTI reported.
