News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 2 years ago
Home  » Business » All the President's Stock Portfolio

All the President's Stock Portfolio

By Aditi Phadnis
June 20, 2022 12:33 IST
Get Rediff News in your Inbox:

In his capacity as India's First Citizen, the President owns the shares of several public sector enterprises held by the government.

IMAGE: President Ram Nath Kovind, left, with Prime Minister Narendra Damodardas Modi. Photograph: @rashtrapatibhvn/Twitter
 

Ram Nath Kovind will step down as India's 14th President on July 24, 2022.

In his capacity as India's First Citizen, he owns the shares of several public sector enterprises held by the government.

How have these companies performed during his tenure?

The President has no role in running these concerns. He is only the titular owner of the shares of these companies. No liability of any kind attaches to him.

But the price movement of the companies'S shares does affect his portfolio.

Take a look at the portfolio of the President of India and the legacy he leaves his successor who will be elected on July 18.

Get Rediff News in your Inbox:
Aditi Phadnis in New Delhi
Source: source
 

Moneywiz Live!