Can IAS officer invest in shares?

Working IAS officers may use their private legal money to make legitimate investments and purchase stocks.

Can an IAS officer invest in stock market?

35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.

Can civil servants invest in stocks?

As per rule no 35(1) of the Central Civil Service (Conduct) Rules, 1964, government employees cannot indulge in speculative trading of stocks or any other form of investment.

Can IAS officers invest in stocks Quora?

They are allowed to invest, not trade. IAS officers come under the “The Central Civil Services (Conduct) Rules, 1964”. This rule mentions that ‘no Government servant shall speculate in any stock, share or other investment. ‘

Can IAS officer invest money in business?

Retired IAS officers can directly take part in any kind of lucrative business. … Serving IAS officers can use their private legal money to make legal investments and buy stocks. IAS officers can have their family and friends start a business in their stead while they act as advisers and share their ideas.

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How can IAS become rich legally?

IAS officials and other civil servants may lawfully make crores of rupees by saving their salaries and investing them legally in equities, bonds, mutual funds, and real estate. When compared to the private sector, the salary following the 7th pay commission is still lower.

Where is srushti Deshmukh posted?

She has been allocated to the IAS cadre on the basis of Civil Services Examination (CSE) – 2018 to her home state Madhya Pradesh, as an insider. Her current posting is in the Dindori districts of Madhya Pradesh, India.

Can a govt employee do intraday trading?

As far as my knowledge goes, government employees cannot do intraday trading. However, you can surely invests in stocks, MFs, ULIPs, etc.

Can civil servants invest in Bitcoin?

As stated in the law mentioned above, occasional investments are allowed with persons duly authorized and licensed by the regulatory authorities. So, a government employee can invest in cryptocurrencies with these crypto exchanges.

Can IFS officer do investment?

Investment, lending and borrowing.—

14 (2) No member of the service shall make or permit any member of his family or any person acting on his behalf to make, any investment which is likely to embarrass or influence him in the discharge of his official duties.

Can IAS officer invest in real estate?

Almost all officers start buying property five years into their service. Most who were allotted to different cadres from 2016 onwards haven’t bought any property. An exception to this trend are officers from the Andhra Pradesh cadre.

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Can IAS officer do farming?

Though the rule has kept option of agriculture scientists or academicians being considered for the top post in the ASRB open, it has expanded the eligibility criteria allowing serving or retired IAS officer to be considered as head of the Board.

Can IAS officer travel abroad?

Yes, an officer can travel outside India and the entire world. Because the government gives vacations to every ias officer. Hence you can travel easily outside India.

How much a corrupt IAS earns?

IAS/IPS officers pay up to 50 lakhs per year to ministers of state govt. for getting such postings in order to earn wealth unethically ( I have put it in crude terms).

Can IAS get job in private sector?

As far as salary is concerned, the officers said they get five times better pay in the private sector. According to reports, IAS officers have been hired for pay packages of Rs 50 lakh to Rs 3 crore per year.

Can a IAS officer buy Lamborghini?

Yes, one can buy if one has capability to do work hard then he can achieve anything that is legally right. You can start your own coaching center or any other business which is legally right after becoming.