Table of Contents
Can civil servant invest in stocks?
The answer is no, government employees are not allowed to acquire stakes from promoters. As per rule 40(i) No government employee can make, or authorize a member of his relatives or someone acting on his behalf to consider, any investment that could inconvenience or impact him in the performance of his official tasks.
Can IAS officers become rich?
The pay scale offered to an IAS Officer at any post is significantly high. The salary comes apart from the other perks and allowances provided to the officer. Thus, one must know that the legally offered salary by the Government is sufficiently enough to earn well.
Can IAS officer do agriculture?
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.
Who earns more IPS or IAS?
The salary of an IPS can range from Rs 56,100 per month to Rs 2,25,000 per month. It varies depending on seniority. Salary of IAS has also become much better than the recommendations of the Seventh Pay Commission. The salary of IAS can range from Rs 56,100 per month to Rs 2,50,000 per month.
Can I invest in stocks as an IAS officer?
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.’ Not just that, such transactions by their direct family members might also come under scrutiny.
What do IAS officers do with their private legal money?
Working IAS officers may use their private legal money to make legitimate investments and purchase stocks. IAS officers may have their family and friends start a company in their place while they serve as advisors and share their thoughts.
Can a retired IAS officer run his own company?
However, retired IAS officers are permitted to run their own company. The codes of conduct preclude IAS officers from working in some other full-time profession. There must be no constitutional violation except for part-time occupations.
How do civil officers invest in the share market?
One of the common ways Civil Officers invest in share markets is via their NPS investments. They are allowed to invest in shares directly too for the long-term. On a side-note, I believe that no one should speculate in the stock market. It should be a well researched process.