Indian Administrative Service IAS Indian Police Service IPS and Indian Forest Service IFS officers will have to inform the Centre about their total transactions in stock, share or other investments in case it exceeds their six months' basic pay during a calendar year.
According to the latest order by the personnel ministry, this intimation is in addition to similar information that needs to be shared by them under Rule 16 4 of the AIS or All India Services Conduct Rules, 1968.
These rules are applicable to members of three All India Services -- Indian Administrative Service IAS Indian Police Service IPS and Indian Forest Service IFS with a view to allow the administrative authorities to keep a watch on the transactions in any stock, share or other investments. In respect of members of All India Services AIS, an intimation may be sent to the prescribed authority every year if the total transactions in stock, share or other investments are totaled. PTI reported that the order issued to secretaries of all central government ministries exceeded six months' basic pay of government servants during a calendar year.
The rule states that the frequent purchase or sale of shares, securities or other investments is not considered a form of speculation, but it refers to Rule 14 1 of the conduct rules that no member of the service may speculate in any stock, share or other investments.