The Indian Administrative Service (IAS), Indian Police Service (IPS), and Indian Forest Service (IFS) officials have been instructed by the Centre to report any stock, share, or other investment transactions that exceed their base salary for six months in a calendar year.
“With a view to enabling the administrative authorities to maintain a check on the transactions in any stock, share, or other investments etc.,” said an order from the Ministry of Personnel, Public Grievances and Pensions. It has been determined that All India Services (AIS) members may send an annual notification to the required authorities using the accompanying proforma if their total stock, share, or other investment transactions exceed their yearly basic salary of six months.
Members of the three all-Indian services are subject to these regulations.
No member of the service should speculate in any stock, share, or other investment, however this restriction will not apply to sporadic investments made via stockbrokers or other people lawfully authorized on license under the applicable legislation, according to Rule 14(1) of the conduct rules.
The directive was given on March 20.
