New Delhi: The Central Government has issued an order regarding IAS, IPS, and IFS officers across the country. The government has sought information from all officers who have invested in shares, stocks, or elsewhere over their six months’ basic pay. The Personnel Ministry has called for information regarding this.
This information is in addition to the AIS or similar information shared by them under Rule 16(4) of the All India Services (Conduct) Rules, 1968. These rules apply to members of the three all-India services, the Indian Administrative Service (IAS), the Indian Police Service (IPS), and the Indian Forest Service (IFS).
What is written in the letter?
The order issued by the Ministry of Personnel reads, ‘To enable the administrative authorities to monitor transactions in any stock, share or other investment, etc. in respect of members of All India Services (AIS), It has been decided.’
The order issued to all the secretaries of the central government states that every year if the total transaction in stock, share or other investment, etc. exceeds six months’ basic pay of the government employee during a year, give information in the attached proforma to the prescribed authority.
It referred to Rule 14(1) of the Conduct Rules, which states that “no member of the Service shall speculate in any stock, shares or other investments except through stock-brokers or other authorized persons”. This will not apply to occasional investments made.