Punjab Assembly Elections.
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If you ever want to know how profitable politics is, then Association for Democratic Reforms (ADR) Be sure to read the latest analysis of Its report in the 2022 Punjab assembly elections (Punjab Assembly Election) Property of MLAs who contested for re-election in (Property Of legislators) New figures of . These numbers show that in terms of money, politics can give you returns as much as the stock market.
But be careful, as this is not for everyone! We compared the growth in the wealth of former Punjab MLAs in the last five years and the highest-grossing stocks in the same period. Which has shown that during this period many MLAs of the state have been successful in increasing their assets significantly.
Understand the comparison of the property of MLAs and the returns of the stock market like this
In February 2017, the price of one share of Adani Enterprises was around Rs 64, which has crossed Rs 2000 in February 2022. In other words, the return on this stock is around 3000 per cent or 30 times as compared to five years ago. According to the ADR report, in the last five years, there has been a similar increase in the assets of Aam Aadmi Party MLA from Talwandi Sabo, Professor Baljinder Kaur. According to the report, his wealth was Rs 3 lakh in 2017, which reached Rs 1 crore in February 2022.
Comparison of Top Share Prices vs Highest Earning MLAs of Punjab in Last Five Years
Similarly, there has been an increase of 529 percent in the assets of Aam Aadmi Party MLA Kulwant Singh as compared to 2017. That is, his property has increased eight times in the last five years. During the last tenure, his assets were Rs 2 lakh, which has now become Rs 17 lakh. His property growth can be compared with the returns of the stock of Vaibhav Global. The share price of this company was Rs 85 in 2017 which has increased to Rs 428 in 2022. On the third position in this list is Congress MLA Santokh Singh from Baba Bakala constituency. According to the ADR report, his assets increased from Rs 36 lakh to more than Rs 1 crore, which means an increase of more than 343 percent. This gain can be compared with the stock of P&G Health Ltd, which has jumped over Rs 3600 during the same period.
But here's another interesting game of statistics. All these are the MLAs whose assets have the highest growth percentage. But a separate list has been made in the report of the people who have actually earned a lot of money.
Five Highest Earning MLAs in Punjab Assembly
On top of this list is Sukhbir Singh Badal from Jalalabad seat. It has been revealed from the report that in the last five years, his property has increased by more than Rs 100 crore. Also his current net worth is estimated to be around Rs 200 crore. Next in the list is Congress MLA from Bhatinda Urban Constituency Manpreet Singh Badal who has shown an increase of over Rs 32 crore in his assets. According to the ADR report, his current net worth is Rs 72 crores.
Badal is followed by Aman Arora (AAP), Amarinder Singh (former chief minister of the state) and Angad Singh (Congress) in the ADR report. All these candidates have registered an increase of more than Rs 10 crore in their net worth in the last five years.
Overall increase in the assets of MLAs
An analysis of the ADR report shows that out of 78 MLAs, 77 percent have registered an increase in their net worth. The range of this increase in the property of MLAs ranges from 2 percent to about 2954 percent. On the other hand, 21 MLAs have mentioned reduction in their assets in the last five years.
Percentage of increase in assets of MLAs in Punjab
According to the data of the ADR report, out of 101 MLAs who have contested for re-election, six have registered a growth of 200 percent or more in their wealth in the last five years. 12 MLAs who are going to be re-contested have reported at least doubling their assets during the same period. At the same time, it has also been revealed from the report that 45 MLAs have reported an increase of 0 to 50 percent in their assets during their last term.
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