HRD Minister Kapil Sibal today welcomed Prime Minister Manmohan Singh direction asking ministers to declare their assets as also those of their spouses and dependents along with any business interests.
"This is a right decision and a good step by the Prime Minister. This should happen and every minister should give their details. There is no problem in this," Sibal told reporters here.
The ministers have been asked to furnish the details by August 31 as per an annual exercise in accordance with the Code of Conduct.
The annual exercise by the Prime Minister is part of his efforts to ensure probity and transparency of his cabinet colleagues amidst a string of scams that have hit the government.