The Association for Democratic Reforms (ADR) and National Election Watch (NEW) has released a report on the financial, educational and criminal background of all the current Chief Ministers of state assemblies and Union Territories, after analysing the self-sworn affidavits that they submitted before contesting the elections.

Following are the detailed findings of the report:

Financial Background

• The average of assets per Chief Minister from state assemblies and union territories was estimated to be around Rs 16.18 Crores.

• Out of the 31 Chief Ministers analysed, 25 were found to be crorepatis, which is nearly 81 per cent of the total.

Chief Ministers with Highest Assets

• The Chief Ministers with the highest assets included Andhra Pradesh CM Chandrababu Naidu (177 cr+), Arunachal CM Pema Khandu (129 cr+) and Punjab CM Amarinder Singh (48 cr+).

• Among them, Andhra Pradesh Chief Minister Chandrababu Naidu was found to be the wealthiest with declared assets worth over Rs 1,77,48,95,611 crore.

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Current Affairs 2018 English- Long-term Capital Gains Tax & Top News (Feb 2nd Week)
As per Union Budget 2018, Long-term Capital Gains (LTCG) on the sale of listed securities exceeding Rs.1 lakh will be taxed at 10%. The short-term gains will be taxed at 15 percent. In a relief for the existing investors, the amount of capital gains made before January 31, 2018 will not be taxed. However, the amount of gains made after the set date will be taxed. The move has been made by the government to bring about parity as the tax exemption on this class of assets was being taken advantage of by the rich in the nation.

Chief Ministers with Lowest Assets

• The Chief Ministers with lowest assets included Tripura CM Manik Sarkar (26 L+), West Bengal CM Mamata Banerjee (30 L+) and Jammu and Kashmir CM Mehbooba Mufti (55 L+).

• Among them, the lowest declared assets worth Rs 26,83,195 lakh belonged to Tripura Chief Minister Manik Sarkar.

• Also, the declared assets of West Bengal Chief Minister Mamata Banerjee include no immovable assets.

 Chandrababu Naidu richest CM in India with assets worth Rs 177 crore

Criminal Background

Out of the all 31 Chief Ministers analysed from state assemblies and union territories, 11 Chief Ministers were found to have declared criminal cases against them.

Further, 8 out of the 31 Chief Ministers were found to have serious criminal cases against them including cases related to murder, attempt to murder, cheating and dishonestly inducing delivery of property and criminal intimidation.

 Chandrababu Naidu richest CM in India with assets worth Rs 177 crore

Education, Gender and Age Details

• Among the total 31 Chief Ministers, only 3 Chief Ministers are women.

• In terms of educational qualification, only one Chief Minister has a doctorate degree, 5 are postgraduates, 10 are graduate professionals, 12 others are graduates, while 3 are just 12th pass.

• In terms of age, the oldest Chief Minister is Punjab’s Amarinder Singh (74) followed by Kerala’s Pinarayi Vijayan (72) and Mizoram’s Lal Thanhawla (71).

• On the other hand, the youngest Chief Minister is Arunachal CM Pema Khandu (35) followed by Maharashtra’s Devendra Fadnavis (44) and Uttar Pradesh’s Yogi Adityanath (45).

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