The declaration of pecuniary or financial interests of 211 sitting Rajya Sabha MPs of the Rajya Sabha would reveal that the maximum number of directorships have been declared by Mr Vijay Mallya, an Independent MP from Karnataka with 11 remunerative directorships.
The highest amount received from regular remunerated activity has been declared by Abhishek Manu Singhvi worth Rs 82.33 crore.
This is followed by Dr. Ashok S. Ganguly (Nominated) and Prabhakar Kore (BJP, Karnataka) with 3.
The Register of Members' Interest, containing details of Rajya Sabha MPs was procured by the Association for Democratic Reforms and New Election Watch through an RTI application.
A pecuniary interest would ideally mean that the MPs would have to state whether they have
- Remunerative Directorship.
- Regular Remunerative Activity.
- Shareholding of a Controlling Nature.
- Paid Consultancy.
- Professional Engagement
124 Rajya Sabha MPs have no pecuniary interest:
The declarations in the Register of Members' Interest made by 211 sitting MPs of Rajya Sabha show 124 (59%) MPs have declared on the form that they have no pecuniary interest/financial interest whatsoever under any of the five mentioned heads.
87 MPs have declared that they have financial interest. 23 MPs have declared that they have financial interest in the form of Regular Remunerated Activity and 188 (89%) MPs have no declared financial interests under this head.
The highest amount received from regular remunerated activity has been declared by Abhishek Manu Singhvi (INC, Rajasthan) worth Rs. 82.33 crores followed by Dr. Vijay Mallya with Rs 2.51 crores per annum.
Yalamanchili Satyanarayana Chowdary (TDP, Andhra Pradesh) received Rs. 1.68 crores as annual income from regular remunerative activity.
Shareholding of controlling nature
35 MPs have declared that they have financial interest in the form of shareholding of a controlling nature and 176 (83%) MPs have declared that they have no financial interest under this head.
The highest number of shareholdings of a controlling nature declared in the Register of Interests in companies have been declared by Dhoot Rajkumar Nandlal (Shiv Sena, Maharashtra) with shares from 31 companies followed by Kakde Sanjay Dattatraya (IND, Maharashtra) with shares from 30 companies followed by Vijay Darda (INC, Maharashtra) with shares from 19 companies.
5 MPs have declared that they have financial interest in the form of Paid Consultancy and 206 (98%) MPs have no declared financial interest under this head.
The highest value of benefits derived for all paid consultancy has been declared by Dr. Ashok S Ganguly (Nominated) with Rs 36 lakhs followed by K T S Tulsi (Nominated) with Rs 27.50 lakhs and Narendra Kumar Kashyap (BSP, Uttar Pradesh) with Rs 10.53 lakhs.
39 MPs have declared that they have financial interest in the form of professional engagement and 172 (82%) MPs have no declared financial interest under this head.
The highest amount received from professional engagements has been declared by Sachin Tendulkar (Nominated) with total fees/remuneration received from professional engagements worth Rs 72.79 crores followed by K T S Tulsi (Nominated) with Rs 19.13 crores and Mithun Chakraborty (AITC, West Bengal) with Rs 16.93 crores.
MPs with high assets and no declaration of pecuniary interest:
21 MPs with total assets worth more than Rs 10 crores have declared that they have no pecuniary interests.
Four MPs with assets more than Rs 100 crores have declared no pecuniary interests. These MPs are, T Subbarami Reddy (INC, Andhra Pradesh) with Rs 422.44 crores worth total assets followed by Arun Jaitley (BJP, Gujarat) with Rs 120.06 crores, Dr Karan Singh (INC, NCT of Delhi) with Rs 116.43 crores and Mayawati (BSP, Uttar Pradesh) with Rs 111.64 crores worth of total assets.