Bangalore, March 21 (IANS) Multi-billionaire Infosys co-founder and Congress candidate Nandan Nilekani, with declared assets of Rs.7,770 crore, Friday filed his nomination papers for the high-profile Bangalore South seat.
Polling for the Lok Sabha elections will be held across Karnataka April 17.
Accompanied by wife Rohini and the ruling party's cabinet ministers, leaders and cadres, Nilekani submitted the papers to the returning officer in the civic office at upscale Jayanagar in the southern suburb.
About 5,000 people gathered at the office and cheered him with slogans like "Vote for Nandan" and "Vote for Congress".
"This is an important day for the people of Bangalore, not just for me because I believe this city deserves leaders who are passionate about building a better city for each one of us," a beaming Nilekani told the gathering.
Reiterating that the city deserved leaders who were not hungry for power, Nilekani said they should be able to do something good.
"We need leaders who will create opportunities for others," he asserted.
State transport minister Ramalinga Reddy, also the city's in-charge minister, proposed Nilekani's name.
"We are open about the wealth we have generated because it's hard earned and we are transparent about every rupee. I believe that by doing this, we will encourage others to come forward about their wealth. It is important to bring honesty into politics," Rohini said on the occasion.
Nilekani declared in the nomination that he and Rohini had assets worth a whopping Rs.7,770 crore (Rs.78 billion).
About 80 percent of the couple's wealth was in the form of Infosys' shares. Nilekani said he still owned 1.45 percent (8.35 million shares) of the company's equity while Rohini had 1.3 percent (7.5 million shares).
The IT bellwether's blue chip share of Rs.5 on par value ended Friday at Rs.3,305 on the Bombay Stock Exchange (BSE).
"This wealth was created while Infosys brought lakhs of jobs to Bangalore. The company also shared a lot of wealth with its employees through stock options," Nilekani recalled.
Observing that the wealth the global software major brought had given him freedom to do what he wanted to, the former Unique Identification Authority of India (UIDAI) chairman said he would now like to give millions of people the opportunities he had.
"The Infosys story has inspired a generation of young Indians to start something on their own, to take risks that created wealth for the country, as well as millions of new jobs," Nilekani asserted.
Since 1999, Nilekani and Rohini have donated about Rs.400 crore to various causes and charities.
"I am proud that my wealth is transparent. I have not made any money illegally, or hid it in investments outside the country. Nothing is hidden in someone else's bank account and its all tax-paid," the 58-year-old techno geek said.
Stressing on the importance of dreaming big and doing big, Nilekani said every Indian has a dream for India and a vision for what the country should be.
"Each of us should do what we can, with what we have, to make a difference and get us a little closer to what we envision," Nilekani added.
Nilekani's rival, Bharatiya Janata Party's (BJP) five-time winner Ananth Kumar filed his papers March 19. Social activist Lila Nayak of the Aam Aadmi Party is yet to file her nomination.
Kumar Wednesday declared in his nomination papers he has Rs.75,000 in cash and a bank balance of Rs.6.39 lakh while his wife Tejaswani has Rs.1 lakh in cash and a bank balance of Rs.1.42 lakh.
2014 more important than 1977 polls: Lord Desai
New Delhi, March 23 (IANS) The coming Lok Sabha election "is more crucial" than the 1977 election that for the first time ended the Congress rule nationally, economist Lord Meghnad Desai has
The number of cured patients crosses 7.9 million; Record cases increased in Delhi within 24 hours
The number of patients recovering from corona in the country has crossed 79 lakh. So far 79 lakh 15 thousand 660 people have been recovered. While the number of infected in the country has reached 85
Hackers use Social Media to plan major attacks
Kolkata, March 7 (IANS) The rapid expansion of social media has enabled hackers to closely cooperate and group with each other to launch measured attacks, an industry expert said here on
Saudi Arabia Detains 3 Princes In Fresh Crackdown: Report
हिरासत संवेदनशील समय पर आते हैं क्योंकि सऊदी अरब ने इस्लाम के सबसे पवित्र
Veer guardian 2023: For the first time, India's women's power will roar outside the country, and women pilots will participate in the exercise
For the first time, women fighter pilots of the Indian Air Force will participate in an exercise outside the country. She will be part of the Indian contingent in the exercise to be held in Japan.
Rupees Down: Rupee closes again at record low; Dollar crosses 82 for the first time
The rupee on Wednesday dipped below the level of 82 against the dollar for the first time and finally closed at an all-time low of 81.93, down 40 paise. The rupee depreciated on the back of a firming
Nupur Sharma gets a big relief from the Supreme Court, there will be no arrest till August 10; Also consider transferring the case
The Supreme Court has given great relief to Nupur Sharma in the matter of their statement on Prophet Mohammad. The court has ordered a stay on his arrest till August 10. The next hearing of the matter
In the US, the FDA is ready to announce the use of Remedicivir drug results positive
Washington. In the US, there have been many positive results of anti-viral drug Remadecivir for treatment with coronavirus. President Donald Trump and Infexious Disease Scientist Anthony Fauci have
US President Joe Biden said democracy is threatened in the whole world including America
US President Joe Biden has said that democracy is under threat all over the world including America. Biden was speaking at a program in memory of the American people killed in the war in Arlington.
Russia told, how much will be affected by the sanctions of America and Europe and how it will be dealt
Russia has caused tremendous destruction in Ukraine in the first day of fighting. Russian forces continue to advance into Ukraine. Russia has captured many cities and military attacks have also taken
