New Delhi (31.03.2023): The Central government has asked All India Service (IAS, IPS and IFS) Officers to intimate their total transactions in stock, share or other investments exceeding their six months' basic pay during a calendar year. This is in addition to similar information that needs to be furnished by them under Rule 16 (4) of All India Services (Conduct) Rules, 1968. These rules are applicable to the members of three All India Services -- IAS, IPS and IFS.
"...With a view to enable the administrative authorities to keep a watch over the transactions in any stock, share or other investments etc in respect of members of All India Services (AIS), it has been decided that an intimation may be sent in the enclosed proforma to the prescribed authority every year, if the total transactions in stock, share or other investments etc. exceed six months' basic pay of government servant during a calendar year," says the order issued to secretaries of all central government ministries.
It referred to Rule 14 (1) of the conduct rules that says, "No member of the service shall speculate in any stock, share or other investments but this provision will not apply to occasional investment made through stock-brokers or other persons duly authorised on licence under the relevant law."