“Assets & Liabilities of Gov’t Employees | Declaration”
The Declaration of Assets and Liabilities of Government Employees is an important document that requires all government employees to disclose their total assets and liabilities. This detailed report aims to ensure transparency and accountability among government officials and prevent corruption. The document includes information such as an employee’s real estate properties, investments, and any debts they may owe. It is an essential tool in promoting good governance and ethical behavior in the public sector.
Under the Lokpal and Lokayuktas Act, 2013, it is mandatory for every public servant, which includes Central Government employees also, to declare assets and liabilities in the manner provided by or under the said Act. Government has notified the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014, under the Lokpal and Lokayuktas Act, 2013, laying down the form and manner of submission of information and annual return.
Every public servant, including Central Government employees, is required to declare their assets and liabilities.
The purpose of declaring assets and liabilities is to promote transparency and prevent corruption in public service.
It is mandatory for government employees to declare their assets and liabilities in the manner provided by or under the Lokpal and Lokayuktas Act, 2013.
The Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014, have been notified by the government, which lay down the form and manner of submission of information and annual return.
Failing to submit correct declaration of assets and liabilities can lead to disciplinary action, penalties, or even dismissal from service.
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