Kumar currently has little more than Rs44,000 in all his three bank accounts in Patna and Delhi
Patna: Bihar chief minister Nitish Kumar is getting poorer by the year even though his salary comes to around Rs100,000 a month — or about Rs1.2 million in a year — besides the perks he enjoys as the executive head of the state.
His son Nishant Kumar, however, seems to be getting richer. As per Nitish’s declaration of assets, he currently has little more than Rs44,000 in all his three bank accounts in Patna and Delhi. Plus, the amount of funds deposited in these bank accounts has also reduced compared to the previous year. In contrast, the cash-in-hand amount of his son has jumped three fold, as per his declaration. Last year, Nishant claimed to have only Rs7,809 in hand, now that number is Rs24,697. Likewise, his fix deposit amount has registered an increase of around Rs400,500. The movable assets of the chief minister’s son has also registered an increase, from Rs11.1 million in 2016 to Rs11.8 million in 2017. His immovable property has showed a hike, from Rs12.4 million in 2016 to Rs12.5 million in 2017.
The chief minister is also poorer than his sonin terms of jewellery. While he claims to have only two gold rings weighing 20 grams, his son owns 30 grams of gold, five kilograms of silver, five gold coins and 82 silver coins. However, both father and the son own one car each; the chief minister has a Ford Eco Sports car, while his son rides a Hyundai I-10.
Besides this, many of Nitish’s cabinet colleagues are richer than him. They include urban development and housing minister Suresh Sharma, labour resources minister Vijay Kumar Sinha and water resources minister Rajiv Ranjan Singh alias Lalan Singh. Meanwhile, animal husbandry minister Pashupati Kumar Paras has a rag to riches story. Paras, who is the younger brother of Union minister for consumer affairs, food and public distribution Ram Vilas Paswan, claims owing assets worth more than Rs30 million with investments in real estate. Paras also has Rs3.69 million deposited with Syndicate Bank, Delhi; Rs4.71 million in Kotak Bank, Patna; Rs3.39 million in PNB, Patnal Rs1.09 million in SBI, Bihar assembly and Rs4.59million in SBI, irrigation department branch Patna. Paras’s wife, Shobha Devi, also has over Rs8.5 million deposited with various bank branches in Bihar and Delhi. Apart from these, she has life insurance worth Rs1.7 million and one kilogram of gold. Cooperative minister Rana Randhir Singh and social welfare minister Manju Verma, however, are the poorest ministers of the lot. While Singh owns only movable assets worth Rs2.41 million, Verma has total assets worth little more than Rs7.5 million.